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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Medical Office Space
1215 Sherwood Park NE Dr Gainesville, GA 30501-3444
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1610651
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Total area
3,757 SF
Lot
0.61 ac (26,572 SF)
Zoning code
O-I
APN
01-064 -004-006
UPID
US22-1610651
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SOD World Garden Center Landscaping
-
30 Second Roof Quote Roofing Company General Contractor
-
Blue Ridge Foundations Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$675k
Owner & transaction history
Northeast Georgia Health System INC · 4 yrs held
Northeast Georgia Health System INC
since 2021
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
O-I · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gainesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gainesville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$575,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$800,000
Current use
AUTO REPAIR, GARAGE
$715,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $700k (Sep 9 2021)
Last sale anchor
$700k
Sep 9 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$180 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,723
Tax year 2024
Assessed value
$269,680
Assessed 2024
Previous assessed
$269,680
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$130,840
Assessed improvement
$138,840
Land market value
$327,100
Improvement market value
$347,100
Total market value
$674,200
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Heating
YES
Cooling
CENTRAL
Rooms
47
Bathrooms
2
Total area
3,757 SF
Lot
0.61 ac (26,572 SF)
Zoning code
O-I
APN
01-064 -004-006
UPID
US22-1610651
Jurisdiction
HALL
Zoning & alternative use
O-I · Gainesville, GA
Zoning O-I · permitted uses
O-I · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$715,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Heating
YES
Cooling
Yes
Rooms
47
Bathrooms
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
Northeast Georgia Health System INC
Entity
Mailing address
743 SPG ST NE, GAINESVILLE, GA 30501-3715
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2021
$700,000
Northeast Georgia Health System INC
Hayse Properties LLC
Warranty Deed
—
Apr 17, 2018
$570,000
Hayse Properties LLC
Sosebee & Britt Holdings LLC
Grant Deed
$430,679 · Mountain Vly Cmnty Bk
—
—
Sosebee & Britt Holdings LLC
—
Deed Of Trust
related
$1,022,390 · Ironstone Bank
—
—
Sosebee & Britt Holdings LLC
—
Deed Of Trust
related
$484,500 · Bank Of The Ozarks
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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