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Property profile & analytics
OFF-MARKET
Estimated value
$14,660,000
Medical Office Space
1475 Jesse Jewell NE Pkwy Gainesville, GA 30501-3806
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1154978
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
69,888 SF
Lot
4.52 ac (196,891 SF)
Zoning code
O-I
APN
01-082 -004-005
UPID
US22-1154978
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. Kenneth Kress Physician
-
Dr. Masih Uddin Physician
-
Syed Shirazi Physician
-
Vivak Patel DO Cardiovascular Clinic of North Georgia Physician
-
DEEPAK K AGGARWAL Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.11M
CAP Approach
CAP
$14.55M
Comparable Approach
Comparable
$14.59M
Blend (final)
Blend
$14.66M
Owner & transaction history
Parkway Professional 20 LLC · 8 yrs held
Parkway Professional 20 LLC
since 2017
Last sale
$20.4M
5 recorded transactions
Zoning & alternative use
O-I · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.6M
+38.2%
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
$18,895,000
ML approach
$9,105,000
CAP Approach
CAP Return
Estimation
6%
$15,765,000
6.5%
$14,550,000
7%
$13,510,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$14,925,000
Current use
RESTAURANT
$20,630,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,310,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$14.66M
Range $13.19M – $16.13M · ±10% · vs last sale $20.41M (Dec 29 2020)
Last sale anchor
$20.41M
Dec 29 2020
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
$210 / 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
$151,416
Tax year 2024
Assessed value
$5,287,160
Assessed 2024
Previous assessed
$5,287,160
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$420,508
Assessed improvement
$4,866,652
Land market value
$1,051,269
Improvement market value
$12,166,631
Total market value
$13,217,900
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
2017
Heating
NONE
Total area
69,888 SF
Lot
4.52 ac (196,891 SF)
Zoning code
O-I
APN
01-082 -004-005
UPID
US22-1154978
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
$14.9M
RESTAURANT
Est. value
$20.6M
AUTO REPAIR, GARAGE
Est. value
$13.3M
MEDICAL BUILDING Current
RESTAURANT
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
2017
Heating
NONE
Lot
4.52 ac
Current owner
From public records · entity-resolved
Parkway Professional 20 LLC
Entity
Mailing address
3310 W END AVE STE #700, NASHVILLE, TN 37203-1097
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2019
—
Parkway Professional LLC
—
Grant Deed
related
$36,800,000 · Citibank
Feb 5, 2018
—
Parkway Professional 2 0 LLC
—
Deed
related
$225,000 · South State Bank
Dec 15, 2017
—
Parkway Professional 20 LLC
Lareve Properties LLC
Quit Claim Deed
related
—
Oct 24, 2017
—
Lareve Properties LLC
Parkway Professional 20 LLC
Quit Claim Deed
related
—
Feb 3, 2017
—
Parkway Professional 20 LLC
Jhme Properties LP
Quit Claim Deed
related
$9,000,000 · South St Bk
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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