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Property profile & analytics
OFF-MARKET
Estimated value
$9,900,000
Grocery and convenience stores
1435 Thompson Brg Rd Gainesville, GA 30501-1711
Trust Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1988821
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2014
Total area
42,288 SF
Lot
5.51 ac (240,016 SF)
Zoning code
G-B
APN
01-088 -002-016
UPID
US22-1988821
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
-
Walmart Baby & Nursery Services Social Service Agency Community Center
-
Ria Money Transfer - Walmart Bank Credit Union
-
Walmart Home Services Social Service Agency
-
Walmart Home Theater Installation Electrical Service General Contractor
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.90M
CAP Approach
CAP
$7.50M
Comparable Approach
Comparable
$7.25M
Blend (final)
Blend
$9.90M
Owner & transaction history
Wal Mart Real Estate Business Trust · 1 yrs held
Wal Mart Real Estate Business Trust
since 2024
Last sale
$9.9M
7 recorded transactions
Zoning & alternative use
G-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.5M
+108.9%
Medical building
$9.0M
+51.1%
Auto repair, garage
$8.1M
+34.8%
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
$9,900,000
ML approach
$9,900,000
CAP Approach
CAP Return
Estimation
6%
$8,125,000
6.5%
$7,500,000
7%
$6,965,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,975,000
Current use
RESTAURANT
$12,485,000
Change: +109% · Conversion: Easy
MEDICAL BUILDING
$9,030,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,050,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,900,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,550,000
Change: +10% · Conversion: Moderate
OFFICE BUILDING
$6,030,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$9.90M
Range $8.91M – $10.89M · ±10% · vs last sale $9.90M (Jul 22 2024)
Last sale anchor
$9.90M
Jul 22 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
$234 / 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
$70,871
Tax year 2024
Assessed value
$2,474,680
Assessed 2024
Previous assessed
$2,474,680
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$835,020
Assessed improvement
$1,639,660
Land market value
$2,087,551
Improvement market value
$4,099,149
Total market value
$6,186,700
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2014
Heating
NONE
Stories
1
Total area
42,288 SF
Lot
5.51 ac (240,016 SF)
Zoning code
G-B
APN
01-088 -002-016
UPID
US22-1988821
Jurisdiction
HALL
Zoning & alternative use
G-B · Gainesville, GA
Zoning 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
Gainesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.0M
RESTAURANT
Est. value
$12.5M
MEDICAL BUILDING
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.0M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2014
Heating
NONE
Stories
1
Lot
5.51 ac
Current owner
From public records · entity-resolved
Wal Mart Real Estate Business Trust
Trust
Mailing address
2308 SE J ST, BENTONVILLE, AR 72712-3776
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
$9,900,000
Wal Mart Real Estate Business Trust
Realty Income Properties 11 LLC
Quit Claim Deed
—
Jul 5, 2016
$11,677,000
Realty Income Props 11 LLC
Polestar Ga Gainesville Thomp
Grant Deed
—
Feb 3, 2015
—
Polestar Ga Gainesville Thomp
Triple N Lanier Plaza Mgmt LLC
Grant Deed
related
—
Jun 30, 2014
—
Triple N Lanier Plaza Mgmt LLC
Double Aa LLC
Quit Claim Deed
related
—
Jun 30, 2014
$1,830,000
Polestar Ga Gainesville Thomp
Triple N Lanier Management LLC
Grant Deed
$9,340,000 · Community Tr Bk
Mar 8, 2011
—
Triple N Lanier Plaza Mgmt LLC
Triple N Co INC
Quit Claim Deed
related
—
Nov 8, 2010
—
Triple N Lanier Plaza Mgmt LLC
Triple N Co INC
Quit Claim Deed
related
—
—
—
Triple N Lanier Plaza Mgmt LLC
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Loan Modification
related
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Triple N Lanier Plaza Mgmt LLC
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Loan Modification
related
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Triple N Co INC
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Loan Modification
related
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Triple N Co INC
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Loan Modification
related
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Triple N Co INC
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Loan Modification
related
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Triple N Co INC
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Loan Modification
related
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Triple N Co INC
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Loan Modification
related
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Triple N Co INC
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Loan Modification
related
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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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