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Property profile & analytics
FOR SALE
Office buildings
1618 Mars Hill Rd Watkinsville, GA 30677
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US22-1134668
For Sale
1 / 12
$995,000
1618 Mars Hill Rd, Watkinsville, GA 30677
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,260 SF
Lot
0.66 ac (28,750 SF)
Zoning code
O-I-P
APN
B-04F-011
UPID
US22-1134668
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
-
Prime Time Pediatrics Medical Clinic
-
Sprayberry David MD Pediatrician Medical Clinic
-
Dr. David Gaines Pediatrician Physician
-
Sierra Pacific Mortgage Loan Service Bank
-
PrimeTime Urgent Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$795k
Owner & transaction history
1618 Mars Hill Road LLC · 8 yrs held
1618 Mars Hill Road LLC
since 2018
7 recorded transactions
Zoning & alternative use
O-I-P · Watkinsville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+53.1%
Warehouse, storage
$1.1M
+45.5%
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 Watkinsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watkinsville 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%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$725,000
Current use
MEDICAL BUILDING
$1,110,000
Change: +53% · Conversion: Easy
WAREHOUSE, STORAGE
$1,055,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$187 / 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
Tax billed
$6,014
Tax year 2023
Assessed value
$280,329
Assessed 2023
Previous assessed
$280,329
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$70,546
Assessed improvement
$209,783
Land market value
$176,364
Improvement market value
$524,457
Total market value
$700,821
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
4,260 SF
Lot
0.66 ac (28,750 SF)
Zoning code
O-I-P
APN
B-04F-011
UPID
US22-1134668
Jurisdiction
OCONEE
Zoning & alternative use
O-I-P · Watkinsville, GA
Zoning O-I-P · permitted uses
O-I-P · Watkinsville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Watkinsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$725,000
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
1618 Mars Hill Road LLC
Entity
Mailing address
1101 HILLTOP RD, WATKINSVILLE, GA 30677-1881
Ownership since
2018
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
Mar 30, 2018
$467,600
1618 Mars Hill Road LLC
S & K Dev Group LLC
Warranty Deed
$233,745 · Gregory N & Lavinia A Conley
Aug 25, 2017
—
S & K Dev Group LLC
—
Deed
related
$473,821 · First Madison Bk&tr
Dec 18, 2006
—
S & K Dev Group LLC
—
Trustees Deed
related
$640,000 · Branch Banking & Trust Co
—
—
S & K Dev Group LLC
—
Loan Modification
related
$563,308 · Oconee St Bk
—
—
S & K Dev Group LLC
—
Deed Of Trust
related
$685,000 · Oconee State Bank
—
—
S & K Dev Group LLC
—
Deed Of Trust
related
$692,000 · Branch Banking & Trust Co
—
—
S & K Dev Group LLC
—
Deed Of Trust
related
$473,821 · First Madison Bk&tr
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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