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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Individual retail properties
1815 Atlanta Hwy Gainesville, GA 30504-5963
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-0026976
Property profile
Verified
Property type
Individual retail properties
Use group
DRY CLEANER
Year built
1960
Construction
STEEL FRAME
Total area
3,960 SF
Lot
0.18 ac (7,841 SF)
Zoning code
H-B
APN
08-009A-003-006
UPID
US22-0026976
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
-
One Dollar Coin Laundry (Bike/Boat/Book/etc) Store
-
Vigo Bank Credit Union
-
NGA Pressure Clean (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$504k
Blend (final)
Blend
$550k
Owner & transaction history
Syed Investment Grp INC · 4 yrs held
Syed Investment Grp INC
since 2021
Last sale
$550,000
5 recorded transactions
Zoning & alternative use
H-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$820,000
+44.6%
Commercial (general)
$570,000
+0.6%
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
$555,000
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$570,000
Current use
OFFICE BUILDING
$820,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$570,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Oct 28 2021)
Last sale anchor
$550k
Oct 28 2021
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
$139 / 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
$3,847
Tax year 2024
Assessed value
$155,920
Assessed 2024
Previous assessed
$155,960
0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$8,600
Assessed improvement
$147,320
Land market value
$21,500
Improvement market value
$368,300
Total market value
$389,800
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
Individual retail properties
Use group
DRY CLEANER
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Rooms
96
Bathrooms
2
Total area
3,960 SF
Lot
0.18 ac (7,841 SF)
Zoning code
H-B
APN
08-009A-003-006
UPID
US22-0026976
Jurisdiction
HALL
Zoning & alternative use
H-B · Gainesville, GA
Zoning H-B · permitted uses
H-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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$570,000
OFFICE BUILDING
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$570,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1960
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Rooms
96
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Syed Investment Grp INC
Entity
Mailing address
1815 ATLANTA HWY, GAINESVILLE, GA 30504-5963
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Oct 28, 2021
$550,000
Syed Investment Grp INC
Atl Wash House LLC
Warranty Deed
$650,000 · Loyal Trust Bank
Aug 16, 2018
$120,000
Atl Wash House LLC
Sabil Industries LLC
Warranty Deed
$159,000 · Sabil Industries LLC
Sep 8, 2016
$225,000
Sabil Industries LLC
State Bk & Trust Co
Grant Deed
—
Jul 15, 2016
$276,880
State Bk & Trust Co
Y2 Invest INC
Trustees Deed
related
—
—
—
Arevalo,jorge
—
Deed Of Trust
related
$59,589 · Regions Bk/fayette
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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