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Property profile & analytics
OFF-MARKET
Medical Office Space
1221 Sherwood Park NE Dr Gainesville, GA 30501-3404
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1468583
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Total area
6,527 SF
Lot
0.74 ac (32,234 SF)
Zoning code
O-I
APN
01-064 -004-007
UPID
US22-1468583
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. Fred Simonton Dental Office
-
Gainesville Oral and Maxillofacial Surgery Dental Office
-
Philip E. Koch, D.M.D., P.C. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Northeast Georgia Health System INC · 1 yrs held
Northeast Georgia Health System INC
since 2025
Last sale
$530,720
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,314
Tax year 2024
Assessed value
$499,800
Assessed 2024
Previous assessed
$499,800
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$158,200
Assessed improvement
$341,600
Land market value
$395,500
Improvement market value
$854,000
Total market value
$1,249,500
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
87
Bathrooms
2
Total area
6,527 SF
Lot
0.74 ac (32,234 SF)
Zoning code
O-I
APN
01-064 -004-007
UPID
US22-1468583
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.
Building & site characteristics
From public records
Year built
1983
Heating
YES
Cooling
Yes
Rooms
87
Bathrooms
2
Lot
0.74 ac
Current owner
From public records · entity-resolved
Northeast Georgia Health System INC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 3302, GAINESVILLE, GA 30503-3302
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2025
$530,720
Northeast Georgia Health System INC
Fred H Simonton
Warranty Deed
—
Apr 21, 2025
—
Northeast Georgia Health System INC
Fred H Simonton
Quitclaim Deed
related
—
Nov 16, 2016
—
Pe Koch Ents LP
—
Deed
related
$500,000 · Branch Bk&tr
Jan 5, 2012
—
Pe Koch Ents LP
Koch,philip E
Quit Claim Deed
related
—
Jan 5, 2012
$222,600
Pe Koch Ents LP
Bush,n Phillip
Warranty Deed
$222,561 · N Phillip Bush
—
—
Pe Koch Ents LP
—
Deed Of Trust
related
$500,000 · Branch Bk&tr
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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