Back to Search
Property profile & analytics
FOR LEASE
Medical Office Space
1498 Jesse Jewell Pkwy Gainesville, GA 30501
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1645604
For Lease
1 / 14
$28 SF/Yr
1498 Jesse Jewell Pkwy, Gainesville, GA 30501
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
STEEL FRAME
Total area
12,160 SF
Lot
0.28 ac (12,197 SF)
APN
01-061 -002-027
UPID
US22-1645604
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
-
New Holland Professional Park Medical Clinic
-
Dr. Misty Caudell Physician Medical Clinic
-
Kelly C. Chase, APRN Physician
-
Dr. Karen Wood Physician
-
Northeast Georgia Ophthalmology - Vandana Reddy MD Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Barret Invs Prop LLC · 5 yrs held
Barret Invs Prop LLC
since 2020
7 recorded transactions
Zoning & alternative use
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,595,000
Current use
AUTO REPAIR, GARAGE
$2,315,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10%
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
$136 / 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
$28,870
Tax year 2024
Assessed value
$1,008,080
Assessed 2024
Previous assessed
$991,280
+1.7% YoY
Effective rate
2.86%
On assessed value
Assessed land
$360,000
Assessed improvement
$648,080
Land market value
$900,000
Improvement market value
$1,620,200
Total market value
$2,520,200
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
For Lease
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Total area
12,160 SF
Lot
0.28 ac (12,197 SF)
APN
01-061 -002-027
UPID
US22-1645604
Jurisdiction
HALL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
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
2006
Construction
STEEL FRAME
Heating
NONE
Lot
0.28 ac
Current owner
From public records · entity-resolved
Barret Invs Prop LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1744 S LUMPKIN ST, ATHENS, GA 30606-4739
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 14, 2020
—
Barret Invs Prop LLC
Polo Club Of Athens LLC
Grant Deed
related
—
Jul 5, 2019
—
Polo Club Of Athens LLC
—
Loan Modification
related
$5,901,000 · Cadence Bk NA
Oct 22, 2013
—
Polo Club Of Athens LLC
—
Trustees Deed
related
$5,000,000 · National Bk/ga
Jul 26, 2012
$2,812,500
Polo Club Of Athens LLC
Jhme Properties LP
Grant Deed
—
Mar 18, 2005
$1,250,000
Jhme Properties
Gb & T Bancshares INC
Grant Deed
—
—
—
Polo Club Of Athens LLC
—
Loan Modification
related
$5,900,650 · National Bk/ga
—
—
Jhme Properties LP
—
Deed Of Trust
related
$1,979,010 · United Community Bank
—
—
Jhme Properties LP
—
Deed Of Trust
related
$2,232,816 · Branch Banking & Trust Co
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?”
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.
