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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Manufacturing properties
134 College SE Ave Gainesville, GA 30501-4510
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-0777232
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
STEEL FRAME
Total area
8,000 SF
Lot
0.68 ac (29,621 SF)
Zoning code
G-B
APN
01-020 -005-009
UPID
US22-0777232
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
-
Dexter T. Sims Mortuary, Llc Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$850k
Owner & transaction history
966 Davis Street LLC · 1 yrs held
966 Davis Street LLC
since 2024
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
G-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Standard O-I N-B C-B R-B G-B L-I H-I Table Notes: A “-“ in a cell = Not Permitted *Additional density may be allowed by the Governing Body with approval of a Special Use. **Required zoning buffers may be reduced in width with installation of a structural buffer as provided in Chapter 13-1. CITY OF GAINESVILLE, GA | Unified Land Development Code
Zone name
General Business
General category
COMMERCIAL
Zone area
917.66 ac
Source
ARTICLE 9-1
Top alternative use upside
Commercial (general)
$1.3M
+105.0%
Neighborhood: shopping center
$1.2M
+94.6%
Office building
$1.1M
+79.1%
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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$635,000
Current use
COMMERCIAL (GENERAL)
$1,305,000
Change: +105% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,240,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$1,140,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$1,130,000
Change: +78% · Conversion: Moderate
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Sep 4 2024)
Last sale anchor
$850k
Sep 4 2024
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
$106 / 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
$4,702
Tax year 2024
Assessed value
$164,200
Assessed 2024
Previous assessed
$164,200
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$85,760
Assessed improvement
$78,440
Land market value
$214,400
Improvement market value
$196,100
Total market value
$410,500
Applied tax rate
10.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1962
Construction
STEEL FRAME
Heating
YES
Bathrooms
4
Total area
8,000 SF
Lot
0.68 ac (29,621 SF)
Zoning code
G-B
APN
01-020 -005-009
UPID
US22-0777232
Jurisdiction
HALL
Zoning & alternative use
G-B · Gainesville, GAZoning G-B · permitted uses
G-B · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Standard O-I N-B C-B R-B G-B L-I H-I Table Notes: A “-“ in a cell = Not Permitted *Additional density may be allowed by the Governing Body with approval of a Special Use. **Required zoning buffers may be reduced in width with installation of a structural buffer as provided in Chapter 13-1. CITY OF GAINESVILLE, GA | Unified Land Development Code
Zone name
General Business
General category
COMMERCIAL
Zone area
917.66 ac
Source
ARTICLE 9-1
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
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
1962
Construction
STEEL FRAME
Heating
YES
Bathrooms
4
Lot
0.68 ac
Current owner
From public records · entity-resolved
966 Davis Street LLC
Entity
Mailing address
134 COLLEGE AVE SE, GAINESVILLE, GA 30501-4510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$850,000
966 Davis Street LLC
Ek Martin SR Properties LLC
Warranty Deed
—
Mar 20, 2018
—
E K Martin SR Properties LLC
—
Deed
related
$434,004 · Peach State Bank & Trust
Mar 7, 2012
$230,000
Ek Martin SR Properties LLC
State Bk & Trust Co
Grant Deed
—
Aug 26, 2011
$321,856
State Bk & Trust Co
Allen,paul D
Trustees Deed
related
—
Jun 7, 2006
$390,000
Paul Douglas Allen
Cobb Investments LP
Grant Deed
—
Jul 14, 2005
$275,000
Cobb Investments
Jake Waters Family
Warranty Deed
—
—
—
E K Martin SR Properties LLC
—
Deed Of Trust
related
$207,036 · Independence Bk/ga
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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