Property profile

1630 Martin Luther King Jr Blvd Gainesville, GA 30501

OFF-MARKET
Manufacturing properties
Property ID
US22-1302067
27,500 SF 2.02 ac lot Built 2015
Individually Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2015
Construction STEEL FRAME
Total area 27,500 SF
Lot 2.02 ac (87,991 SF)
Zoning code H-I
APN 01-033 -006-009
UPID US22-1302067

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1630 Martin Luther King Jr Blvd Gainesville, GA 30501-4894
Gainesville metro Census 1203 GAINESVILLE, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.54M
Comparable Approach Comparable
$2.84M
Blend (final) Blend
$670k

Owner & transaction history

since 2015
7 recorded transactions
2020
Price N/A
2015
Price N/A
2014
$185,000
2014
$225,000
2014
$248,535
1969
Price N/A
1969
Price N/A

Zoning & alternative use

H-I · Gainesville, GA
Zoning description

(1) It is located in a Light Industrial (L-I) or Heavy Industrial (H-I) zoning district; or (2) It is located on the same property as a business or organization with a 501(c)(3) designation. (b) Where approved, community…

General category INDUSTRIAL
Top alternative use upside
Office building $3.9M +79.1%
Retail stores $3.9M +77.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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