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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Retail space
1625 Martin Luther King Jr Blvd Gainesville, GA 30501-4895
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-2729962
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
STEEL FRAME
Total area
2,520 SF
Lot
0.6 ac (26,136 SF)
Zoning code
G-B
APN
01-033 -002-009
UPID
US22-2729962
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
$620k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$620k
Owner & transaction history
966 Davis Street LLC · 1 yrs held
966 Davis Street LLC
since 2025
Last sale
$640,000
6 recorded transactions
Zoning & alternative use
G-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$540,000
+51.1%
Auto repair, garage
$480,000
+34.8%
Commercial (general)
$410,000
+15.5%
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 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
$730,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$540,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$480,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$410,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$390,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $640k (Jan 17 2025)
Last sale anchor
$640k
Jan 17 2025
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
$246 / 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
$5,742
Tax year 2024
Assessed value
$200,508
Assessed 2024
Previous assessed
$200,508
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$48,160
Assessed improvement
$152,348
Land market value
$120,400
Improvement market value
$380,870
Total market value
$501,270
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
3
Rooms
40
Bathrooms
1
Total area
2,520 SF
Lot
0.6 ac (26,136 SF)
Zoning code
G-B
APN
01-033 -002-009
UPID
US22-2729962
Jurisdiction
HALL
Zoning & alternative use
G-B · Gainesville, GA
Zoning G-B · permitted uses
G-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
MEDICAL BUILDING
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$410,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$390,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1993
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Buildings
3
Rooms
40
Bathrooms
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
966 Davis Street LLC
Entity
Mailing address
1625 MARTIN LUTHER KING JR BLVD, GAINESVILLE, GA 30501-4895
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
$640,000
966 Davis Street LLC
1625 Mlk JR Blvd LLC
Warranty Deed
$340,000 · 1625 Mlk JR Blvd
Dec 6, 2019
$435,000
1625 Mlk JR Blvd LLC
Robert A Yeager
Grant Deed
—
Nov 15, 2019
$435,000
Robert A Jaeger
Wde Investments LLC
Warranty Deed
$310,000 · Ameris Bank
May 16, 2018
$410,000
Wde Investments LLC
Umc Properties LLC
Warranty Deed
—
Jun 15, 2006
$345,000
Umc Properties LLC
Iglesia,del Dios Vivo Cris
Grant Deed
—
Feb 5, 2004
$325,000
Iglesia,del Dios Vivo Cristo Vie
Multi-line Marketing INC
Warranty Deed
$285,000 · Branch 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.
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