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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Medical Office Space
156 Clinic Ave Carrollton, GA 30117-4414
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-0913551
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
7,633 SF
Lot
0.77 ac (33,541 SF)
Zoning code
C2
APN
C07-047-0022
UPID
US22-0913551
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
-
Carrollton Obstetrics-Gynecology: Merrill Christy MD Physician
-
Christopher R. Jewell, MD, FACOG Physician
-
Nix Kristy MD Physician
-
Daniel R. Nelson, MD, FACOG Physician
-
Dr. James R. Rash III, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.16M
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$2.55M
Owner & transaction history
Tanner Medical Center INC · 3 yrs held
Tanner Medical Center INC
since 2022
Last sale
$2.2M
2 recorded transactions
Zoning & alternative use
C2 · Carrollton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+14.0%
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 Carrollton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carrollton 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
$3,210,000
ML approach
$3,160,000
CAP Approach
CAP Return
Estimation
6%
$1,845,000
6.5%
$1,705,000
7%
$1,580,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,275,000
Current use
RESTAURANT
$3,735,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10% · vs last sale $2.20M (Aug 1 2022)
Last sale anchor
$2.20M
Aug 1 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
$334 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$380,173
Assessed 2023
Previous assessed
$380,173
+0.0% YoY
Assessed land
$45,991
Assessed improvement
$334,182
Land market value
$114,978
Improvement market value
$835,454
Total market value
$950,432
Applied tax rate
1.0000
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
1989
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Total area
7,633 SF
Lot
0.77 ac (33,541 SF)
Zoning code
C2
APN
C07-047-0022
UPID
US22-0913551
Jurisdiction
CARROLL
Zoning & alternative use
C2 · Carrollton, GA
Zoning C2 · permitted uses
C2 · Carrollton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carrollton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.3M
RESTAURANT
Est. value
$3.7M
MEDICAL BUILDING Current
RESTAURANT
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
1989
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Lot
0.77 ac
Current owner
From public records · entity-resolved
Tanner Medical Center INC
Entity
Mailing address
705 DIXIE ST, CARROLLTON, GA 30117-3818
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
$2,200,000
Tanner Medical Center INC
Pr Realty LLC
Warranty Deed
—
—
—
P R Realty LLC
—
Deed Of Trust
related
$1,200,000 · United Community Bank
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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