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Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Medical Office Space
190 Handley Rd Tyrone, GA 30290-2178
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1281839
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
17,330 SF
Lot
4.16 ac (181,210 SF)
Zoning code
C OI
APN
0727 067
UPID
US22-1281839
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
-
Dr. Kirstie D. Cunningham, MD Physician
-
MARCELLA MARZETT Physician
-
Dawn M. Coffman, PA Physician
-
Margery Carr Midwife
-
Jill Harris Midwife
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$2.22M
Owner & transaction history
Grove,park Commons Office Cent · 18 yrs held
Grove,park Commons Office Cent
since 2008
7 recorded transactions
Zoning & alternative use
C OI · Tyrone, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Town of Tyrone, GA
Top alternative use upside
Commercial (general)
$3.6M
+71.9%
Restaurant
$2.4M
+14.7%
Retail stores
$2.3M
+6.7%
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 Tyrone submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tyrone 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,115,000
Current use
COMMERCIAL (GENERAL)
$3,640,000
Change: +72% · Conversion: Easy
RESTAURANT
$2,430,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$2,260,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,005,000
Change: -5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,840,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$1,810,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±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
$128 / 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
$32,607
Tax year 2023
Assessed value
$1,430,064
Assessed 2023
Previous assessed
$1,177,064
+21.5% YoY
Effective rate
2.28%
On assessed value
Assessed land
$123,584
Assessed improvement
$1,306,480
Land market value
$308,960
Improvement market value
$3,266,200
Total market value
$3,575,160
Applied tax rate
3.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Total area
17,330 SF
Lot
4.16 ac (181,210 SF)
Zoning code
C OI
APN
0727 067
UPID
US22-1281839
Jurisdiction
FAYETTE
Zoning & alternative use
C OI · Tyrone, GAZoning C OI · permitted uses
C OI · Tyrone, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Town of Tyrone, GA
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RESTAURANT
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
2008
Heating
NONE
Lot
4.16 ac
Current owner
From public records · entity-resolved
Grove,park Commons Office Cent
Individual
Free & Clear · 18 yrs held
Mailing address
101 SWANSON RDG, PEACHTREE CITY, GA 30269-1241
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2019
—
Handley Medical LLC
—
Loan Modification
related
$1,467,824 · United Cmnty Bk
Apr 15, 2008
—
Grove,park Commons Office Cent
Grove Park Commons LLC
Quit Claim Deed
related
—
Feb 25, 2008
$210,000
Richard Greenan
Grove Park Commons LLC
Grant Deed
—
Sep 26, 2007
$412,000
Handley Medical LLC
Hobgood,family LP
Grant Deed
—
—
—
Handley Medical LLC
—
Loan Modification
related
$1,610,467 · United Cmnty Bk
—
—
Handley Medical LLC
—
Deed Of Trust
related
$2,000,000 · United Community Bank
—
—
Handley Medical LLC
—
Deed Of Trust
related
$1,615,327 · United 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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