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Property profile & analytics
OFF-MARKET
Retail space
1730 Martin Luther King Jr Blvd Gainesville, GA 30501-5814
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1411270
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Construction
STEEL FRAME
Total area
2,973 SF
Lot
1.84 ac (80,150 SF)
Zoning code
H-I
APN
01-033 -006-008
UPID
US22-1411270
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Townsend Group Properties LLC · 2 yrs held
Townsend Group Properties LLC
since 2023
Last sale
$494,002
5 recorded transactions
Zoning & alternative use
H-I · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 donation boxes shall be located flush against a building wall and shall be maintained on a regular basis in compliance with the Unified Lan…
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
1,403.59 ac
Source
ARTICLE 9-1
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,506
Tax year 2024
Assessed value
$331,920
Assessed 2024
Previous assessed
$249,440
+33.1% YoY
Effective rate
2.86%
On assessed value
Assessed land
$148,440
Assessed improvement
$183,480
Land market value
$371,100
Improvement market value
$458,700
Total market value
$829,800
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
1946
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
2
Rooms
17
Bathrooms
1
Total area
2,973 SF
Lot
1.84 ac (80,150 SF)
Zoning code
H-I
APN
01-033 -006-008
UPID
US22-1411270
Jurisdiction
HALL
Zoning & alternative use
H-I · Gainesville, GAZoning H-I · permitted uses
H-I · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 donation boxes shall be located flush against a building wall and shall be maintained on a regular basis in compliance with the Unified Land Development Code and Code of Ordinances of the City of Gainesville.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
1,403.59 ac
Source
ARTICLE 9-1
Building & site characteristics
From public records
Year built
1946
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Buildings
2
Rooms
17
Bathrooms
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Townsend Group Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1730 PO BOX 969TH BLVD, WILDWOOD, FL 34785-0969
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2023
—
Townsend Group Properties LLC
Matt Latt Holdings LLC
Quit Claim Deed
related
—
Oct 12, 2012
—
Matt Latt Holdings LLC
Crm Central Properties LLC
Quit Claim Deed
related
—
Oct 12, 2012
$140,000
Matt Latt Holdings LLC
Crm Central Properties LLC
Grant Deed
related
—
Mar 10, 2011
$494,002
Crm Central Properties LLC
Lawson,johnny L JR
Trustees Deed
—
—
—
Johnny L Lawson JR.
—
Deed Of Trust
related
$247,533 · Gainesville Bank & Trust
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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