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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Individual retail properties
1947 Waterside Cir Bethlehem, GA 30620-3157
Trust Owned
2-yr Hold
Free & Clear
Property ID
US22-1735015
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2007
Construction
WOOD
Total area
6,072 SF
Lot
3.3 ac (143,748 SF)
Zoning code
R-2
APN
XX053L 081
UPID
US22-1735015
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
-
1947 Waterside | Weddings & Event Venue Hotel & Motel Resort
-
Waterside Tennis Court Center Sports Field & Court Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
House Of Prayer Trust · 2 yrs held
House Of Prayer Trust
since 2024
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
R-2 · Bethlehem, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bethlehem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethlehem 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
$1,025,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$875,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$740,000
Change: 0% · Conversion: Difficult
RESTAURANT
$705,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.03M (May 17 2024)
Last sale anchor
$1.03M
May 17 2024
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
$169 / 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
$10,532
Tax year 2024
Assessed value
$403,409
Assessed 2024
Previous assessed
$403,409
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$45,780
Assessed improvement
$357,629
Land market value
$114,450
Improvement market value
$894,072
Total market value
$1,008,522
Applied tax rate
6.0000
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
GYM, HEALTH SPA
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Bathrooms
30
Total area
6,072 SF
Lot
3.3 ac (143,748 SF)
Zoning code
R-2
APN
XX053L 081
UPID
US22-1735015
Jurisdiction
BARROW
Zoning & alternative use
R-2 · Bethlehem, GA
Zoning R-2 · permitted uses
R-2 · Bethlehem, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethlehem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$875,000
MEDICAL BUILDING
Est. value
$740,000
RESTAURANT
Est. value
$705,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
30
Lot
3.3 ac
Current owner
From public records · entity-resolved
House Of Prayer Trust
Trust
Free & Clear · 2 yrs held
Mailing address
1947 WATERSIDE CIR, BETHLEHEM, GA 30620-3157
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
$1,027,000
House Of Prayer Trust
Fth Investments LP
Warranty Deed
—
May 17, 2024
—
House Of Prayer Trust
Fth Investments LP
Quit Claim Deed
related
—
Mar 1, 2012
$245,700
Fth Investments LP
Peoples Bk
Grant Deed
—
Mar 17, 2011
—
Community Sthrn Bk
Peoples Bk
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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