New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Medical Office Space
1220 Sherwood Park NE Dr, Gainesville, GA 30501-3445
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0971291
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Total area
4,298 SF
Lot
0.53 ac (23,087 SF)
Zoning code
O-I
APN
01-064 -004-013
UPID
US22-0971291
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
-
Dr. Svetlana Lekht Dental Office
-
BlueSprig Gainesville - ABA Therapy for Autism Pediatrician
-
Katherine Adams Counselor
-
Hanna Grogan Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.12M
Owner & transaction history
Price Financing LLC · 5 yrs held
Price Financing LLC
since 2021
Last sale
$1.3M
7 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
$1,035,000
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
$970,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$920,000
Current use
AUTO REPAIR, GARAGE
$820,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.26M (Mar 16 2021)
Last sale anchor
$1.26M
Mar 16 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
$259 / 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
$14,200
Tax year 2024
Assessed value
$495,844
Assessed 2024
Previous assessed
$496,112
-0.1% YoY
Effective rate
2.86%
On assessed value
Assessed land
$112,640
Assessed improvement
$383,204
Land market value
$281,600
Improvement market value
$958,010
Total market value
$1,239,610
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
1977
Heating
YES
Cooling
CENTRAL
Rooms
21
Bathrooms
2
Total area
4,298 SF
Lot
0.53 ac (23,087 SF)
Zoning code
O-I
APN
01-064 -004-013
UPID
US22-0971291
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
$920,000
AUTO REPAIR, GARAGE
Est. value
$820,000
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
1977
Heating
YES
Cooling
Yes
Rooms
21
Bathrooms
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Price Financing LLC
Entity
Mailing address
5655 GOLF CLB DR, BRASELTON, GA 30517-2432
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2021
$1,260,000
Price Financing LLC
Sherwood Park Drive Real Estate LLC
Warranty Deed
—
Jul 1, 2010
—
Park Drive Real Estat Sherwood
Ron,d Wilson Family Partne
Grant Deed
related
—
May 24, 2007
$530,000
Ron,d Wilson Family Partnershi
Field,enterprises LP
Grant Deed
—
May 24, 2007
—
Ron,d Wilson Family Partnershi
Field,enterprises LP
Grant Deed
related
—
—
—
Ron,d Wilson Family Partnershi
—
Deed Of Trust
$275,000 · Hamilton State Bank
—
—
Ron,d Wilson Family Partnershi
—
Deed Of Trust
related
$270,000 · Wachovia Bank NA
—
—
Ron,d Wilson Family Partnershi
—
Deed Of Trust
related
$220,000 · Hamilton State Bank
—
—
Sherwood Park Drive R/e LLC
—
Deed Of Trust
related
$1,487,876 · Chattahoochee Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1220 Sherwood Park NE Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
