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Property profile & analytics
FOR LEASE
Warehouses
1865 W Broad St Athens, GA 30606
Entity Owned
9-yr Hold
Free & Clear
Property ID
US22-0973720
For Lease
1 / 7
$10 SF/Yr
1865 W Broad St, Athens, GA 30606
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Property summary
AI-generated overview
This exceptional office space, located at 1865 W. Broad St, Suite C, Athens, GA 30606, offers 2,215 square feet of immediately available space within the Dickens Building 1. This Class B building, constructed in 1960 and renovated in 2016, boasts a total of 17,856 square feet across two stories. The property sits on 1.75 acres of land and is zoned C-G. The available space features nine individual offices, a conference room, and a dedicated breakroom. This multi-tenant building offers a professional, on-site management team. The location provides convenient access to the Downtown Athens Commercial Business District, the University of Georgia campus, Piedmont Athens Regional Medical Center, St. Mary's Hospital, and Beechwood Shopping Center, placing your business within easy reach of a vibrant mix of retail, dining, and entertainment options. The space is ready for immediate occupancy. The building's cross street is West Hancock Ave, and the APN is 122C2 H007. This is a fantastic opportunity to establish your business in a thriving and well-connected area of Athens, Georgia. Available November 1st, 2023.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
STEEL FRAME
Total area
5,400 SF
Lot
1.26 ac (54,886 SF)
Zoning code
C-G
APN
12-2-C1 H-009
UPID
US22-0973720
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
-
Georgia Legal Services Program Law Firm
-
Marks Commercial Realty, Inc. Real Estate Agency
-
Athens Central Services Department City Government Office
-
Athens Engineering Management City Government Office
-
Athens CPR and Safety Medical School Adult Education School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$822k
Blend (final)
Blend
$670k
Owner & transaction history
Pavansut Investments LLC · 9 yrs held
Pavansut Investments LLC
since 2017
3 recorded transactions
Zoning & alternative use
C-G · Athens, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$995,000
+75.0%
Commercial (general)
$865,000
+52.4%
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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$570,000
Current use
AUTO REPAIR, GARAGE
$995,000
Change: +75% · Conversion: Easy
COMMERCIAL (GENERAL)
$865,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$124 / 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
$1,648
Tax year 2023
Assessed value
$292,830
Assessed 2023
Previous assessed
$292,830
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$108,041
Assessed improvement
$184,789
Land market value
$270,102
Improvement market value
$461,972
Total market value
$732,074
Applied tax rate
2.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
3
Total area
5,400 SF
Lot
1.26 ac (54,886 SF)
Zoning code
C-G
APN
12-2-C1 H-009
UPID
US22-0973720
Jurisdiction
CLARKE
Zoning & alternative use
C-G · Athens, GA
Zoning C-G · permitted uses
C-G · Athens, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Athens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$995,000
COMMERCIAL (GENERAL)
Est. value
$865,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Buildings
3
Lot
1.26 ac
Current owner
From public records · entity-resolved
Pavansut Investments LLC
Entity
Free & Clear · 9 yrs held
Mailing address
225 SAINT IVES CT, ATHENS, GA 30606-3881
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2017
$475,000
Pavansut Investments LLC
Jefferson Rd Storage LLC
Warranty Deed
—
Apr 4, 2013
$2,000,000
Jefferson Rd Storage LLC
Smith,henry C & Syble H
Grant Deed
$2,000,000 · Henry C & Syble H Smith
—
—
Jefferson Rd Storage LLC
—
Deed Of Trust
related
$1,400,000 · Commercial Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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