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Property profile & analytics
OFF-MARKET
Estimated value
$15,140,000
Outlet malls
150 Pearl Nix Pkwy Gainesville, GA 30501-3548
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1964692
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1973
Total area
83,076 SF
Lot
48.86 ac (2,128,342 SF)
Zoning code
R-B
APN
01-119 -003-041A
UPID
US22-1964692
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
-
DICK'S Sporting Goods (Bike/Boat/Book/etc) Store
-
Flash Digital Portraits Photography Service (Bike/Boat/Book/etc) Store
-
FlipNFun Gymnastics Gym & Fitness Center
-
Deli Max Restaurant
-
ecoATM Recycling Center Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.74M
Comparable Approach
Comparable
$15.82M
Blend (final)
Blend
$15.14M
Owner & transaction history
Branch Lakeshore Associates LP · 3 yrs held
Branch Lakeshore Associates LP
since 2022
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
R-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$24.5M
+108.9%
Medical building
$17.7M
+51.1%
Auto repair, garage
$15.8M
+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
$10,830,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,965,000
6.5%
$14,735,000
7%
$13,685,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,735,000
Current use
RESTAURANT
$24,525,000
Change: +109% · Conversion: Easy
MEDICAL BUILDING
$17,740,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,820,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,550,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,870,000
Change: +10% · Conversion: Moderate
OFFICE BUILDING
$11,845,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$15.14M
Range $13.63M – $16.65M · ±10% · vs last sale $15.00M (Oct 27 2022)
Last sale anchor
$15.00M
Oct 27 2022
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
$182 / 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
$154,648
Tax year 2024
Assessed value
$5,400,000
Assessed 2024
Previous assessed
$6,424,000
-15.9% YoY
Effective rate
2.86%
On assessed value
Assessed land
$2,053,682
Assessed improvement
$3,346,318
Land market value
$5,134,204
Improvement market value
$8,365,796
Total market value
$13,500,000
Applied tax rate
18.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1973
Heating
YES
Cooling
CENTRAL
Buildings
6
Rooms
7
Bathrooms
1
Total area
83,076 SF
Lot
48.86 ac (2,128,342 SF)
Zoning code
R-B
APN
01-119 -003-041A
UPID
US22-1964692
Jurisdiction
HALL
Zoning & alternative use
R-B · Gainesville, GA
Zoning R-B · permitted uses
R-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
$11.7M
RESTAURANT
Est. value
$24.5M
MEDICAL BUILDING
Est. value
$17.7M
AUTO REPAIR, GARAGE
Est. value
$15.8M
COMMERCIAL (GENERAL)
Est. value
$13.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.9M
OFFICE BUILDING
Est. value
$11.8M
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
1973
Heating
YES
Cooling
Yes
Buildings
6
Rooms
7
Bathrooms
1
Lot
48.86 ac
Current owner
From public records · entity-resolved
Branch Lakeshore Associates LP
Entity
Free & Clear · 3 yrs held
Mailing address
3340 PEACHTREE RD NE STE #2775, ATLANTA, GA 30326-1016
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Oct 27, 2022
$15,000,000
Branch Lakeshore Associates LP
Stockbridge Lakeshore LLC
Limited Warranty Deed
—
Oct 27, 2022
—
Branch Lakeshore Associates LP
Stockbridge Lakeshore LLC
Quit Claim Deed
related
—
Mar 5, 2021
$775,000
Palmetto Gainesville Dawsonville Hw
Stockbridge Lakeshore LLC
Warranty Deed
—
Apr 21, 2017
—
Stockbridge Lakeshore LLC
Garrison Lakeshore Owner LLC
Quit Claim Deed
related
—
Apr 21, 2017
$7,140,000
Stockbridge Lakeshore LLC
Garrison Lakeshore Owner LLC
Grant Deed
—
Oct 4, 2010
$6,500,000
Coyote Garrison Lakeshore LLC
First Republic Group Realty Ll
Grant Deed
—
Jun 27, 2007
$34,315,500
First Republic Grp Realty LLC
Colonial,realty Limited Pa
Grant Deed
related
—
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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