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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Grocery and convenience stores
1878 Thompson Brg Rd Gainesville, GA 30501-1119
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4697327
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1983
Construction
STEEL FRAME
Total area
1,980 SF
Lot
0.45 ac (19,602 SF)
Zoning code
G-B
APN
00-097 -001-025
UPID
US22-4697327
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
-
Marathon Gas Grocery & Convenience Store
-
Marathon Food Mart Gas Station
-
Texaco Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$605k
Owner & transaction history
Sultan Realty LLC · 5 yrs held
Sultan Realty LLC
since 2020
Last sale
$615,000
6 recorded transactions
Zoning & alternative use
G-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Standard O-I N-B C-B R-B G-B L-I H-I Table Notes: A “-“ in a cell = Not Permitted *Additional density may be allowed by the Governing Body with approval of a Special Use. **Required zoning buffers may be reduced in width with installation of a structural buffer as provided in Chapter 13-1. CITY OF GAINESVILLE, GA | Unified Land Development Code
Zone name
General Business
General category
COMMERCIAL
Zone area
917.66 ac
Source
ARTICLE 9-1
Top alternative use upside
Medical building
$425,000
+37.9%
Auto repair, garage
$375,000
+22.9%
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
$570,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$480,000
6.5%
$445,000
7%
$410,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$425,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$375,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $615k (Nov 14 2020)
Last sale anchor
$615k
Nov 14 2020
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
$306 / 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
$6,386
Tax year 2024
Assessed value
$223,000
Assessed 2024
Previous assessed
$223,000
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$60,200
Assessed improvement
$162,800
Land market value
$150,500
Improvement market value
$407,000
Total market value
$557,500
Applied tax rate
4.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Rooms
98
Bathrooms
1
Total area
1,980 SF
Lot
0.45 ac (19,602 SF)
Zoning code
G-B
APN
00-097 -001-025
UPID
US22-4697327
Jurisdiction
HALL
Zoning & alternative use
G-B · Gainesville, GAZoning 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
Zoning description
Standard O-I N-B C-B R-B G-B L-I H-I Table Notes: A “-“ in a cell = Not Permitted *Additional density may be allowed by the Governing Body with approval of a Special Use. **Required zoning buffers may be reduced in width with installation of a structural buffer as provided in Chapter 13-1. CITY OF GAINESVILLE, GA | Unified Land Development Code
Zone name
General Business
General category
COMMERCIAL
Zone area
917.66 ac
Source
ARTICLE 9-1
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$425,000
AUTO REPAIR, GARAGE
Est. value
$375,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1983
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Rooms
98
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Sultan Realty LLC
Entity
Mailing address
6375 MIMOSA CIR, TUCKER, GA 30084-1952
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Nov 14, 2020
$615,000
Sultan Realty LLC
Frenil R Adajania
Grant Deed
$1,800,000 · Loyal Trust Bank
Aug 21, 2017
—
Frenil Adajania
—
Deed
related
$335,000 · Foothills Community Bank
—
—
Frenil Adajania
—
Deed Of Trust
related
$10,000 · Buckhead Community Bank
—
—
Frenil Adajania
—
Deed Of Trust
related
$300,430 · Verity Bank
—
—
Frenil Adajania
—
Deed Of Trust
related
$382,977 · Verity Bank
—
—
Frenil Adajania
—
Deed Of Trust
related
$30,692 · Buckhead Community Bank
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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