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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Auto shops
1507 Martin Luther King Jr Blvd Gainesville, GA 30501-4897
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2773327
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1964
Construction
STEEL FRAME
Total area
1,232 SF
Lot
0.41 ac (17,860 SF)
Zoning code
L-I
APN
01-033 -001-007
UPID
US22-2773327
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Carson & Carter Electric LLC · 1 yrs held
Carson & Carter Electric LLC
since 2024
Last sale
$585,000
4 recorded transactions
Zoning & alternative use
L-I · Gainesville, GA
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
$585,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $585k (Oct 31 2024)
Last sale anchor
$585k
Oct 31 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
$475 / 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
$2,805
Tax year 2024
Assessed value
$97,960
Assessed 2024
Previous assessed
$97,960
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$33,120
Assessed improvement
$64,840
Land market value
$82,800
Improvement market value
$162,100
Total market value
$244,900
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1964
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Rooms
36
Bathrooms
3
Total area
1,232 SF
Lot
0.41 ac (17,860 SF)
Zoning code
L-I
APN
01-033 -001-007
UPID
US22-2773327
Jurisdiction
HALL
Zoning & alternative use
L-I · Gainesville, GA
Zoning L-I · permitted uses
L-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.
Building & site characteristics
From public records
Year built
1964
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Rooms
36
Bathrooms
3
Lot
0.41 ac
Current owner
From public records · entity-resolved
Carson & Carter Electric LLC
Entity
Mailing address
982 MEMORIAL DR, GAINESVILLE, GA 30501-2334
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
$585,000
Carson & Carter Electric LLC
David Moore
Warranty Deed
$548,250 · Piedmont Bank
Feb 10, 2022
$375,000
David Moore
Keithline Enterprises LLC
Warranty Deed
—
Jan 13, 2021
$300,000
Keithline Enterprises LLC
E K Martin SR Properties LLC
Warranty Deed
—
Feb 8, 2019
$175,000
E K Martin SR Properties LLC
Johnson,jane M G
Grant Deed
$158,500 · Peach 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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