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Property profile & analytics
OFF-MARKET
Estimated value
$4,045,000
Retail space
1963 Jesse Jewell NE Pkwy Gainesville, GA 30501
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0011962
Property summary
AI-generated overview
This exceptional 29,070-square-foot Class A retail building, constructed in 2019, is available for sale or lease in Gainesville, Georgia's thriving New Holland Market Shopping Center. Situated on a 3.41-acre lot (APN: 09123 000033) and zoned PUD, the property boasts 102 parking spaces and a 100% sprinkler system. The building includes a 5,675-square-foot mezzanine level and a 3,220-square-foot enclosed garden center. Currently occupied, the tenant will vacate upon sale or lease. This prime location offers easy access to I-985 at Exit 24 and is anchored by Kroger, surrounded by a variety of successful businesses including Verizon, several restaurants, and national chains. Gainesville/Hall County is experiencing significant growth, recently recognized as a top-performing small metro area nationally. This presents a unique opportunity to acquire a high-quality retail property in a rapidly expanding market. The property's size, amenities, and location make it ideal for a variety of retail uses.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Total area
22,543 SF
Lot
3.41 ac (148,540 SF)
Zoning code
PUD
APN
09-123 -000-033
UPID
US22-0011962
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
-
Beverly's Ace Hardware Building Supply Hardware & Home Improvement
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
-
McAlister’s Deli Food Market Restaurant
-
Taco Mac Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.00M
Comparable Approach
Comparable
$5.33M
Blend (final)
Blend
$4.05M
Owner & transaction history
New Holland 1963 LLC · 4 yrs held
New Holland 1963 LLC
since 2022
1 recorded transaction
Zoning & alternative use
PUD · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+108.9%
Medical building
$4.8M
+51.1%
Auto repair, garage
$4.3M
+34.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,330,000
6.5%
$4,000,000
7%
$3,715,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,185,000
Current use
RESTAURANT
$6,655,000
Change: +109% · Conversion: Easy
MEDICAL BUILDING
$4,815,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,295,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,675,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,490,000
Change: +10% · Conversion: Moderate
OFFICE BUILDING
$3,215,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$4.05M
Range $3.64M – $4.45M · ±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
$179 / 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
$63,964
Tax year 2024
Assessed value
$2,233,480
Assessed 2024
Previous assessed
$2,235,800
-0.1% YoY
Effective rate
2.86%
On assessed value
Assessed land
$557,280
Assessed improvement
$1,676,200
Land market value
$1,393,200
Improvement market value
$4,190,500
Total market value
$5,583,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2019
Heating
NONE
Total area
22,543 SF
Lot
3.41 ac (148,540 SF)
Zoning code
PUD
APN
09-123 -000-033
UPID
US22-0011962
Jurisdiction
HALL
Zoning & alternative use
PUD · Gainesville, GAZoning PUD · permitted uses
PUD · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.2M
RESTAURANT
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2019
Heating
NONE
Lot
3.41 ac
Current owner
From public records · entity-resolved
New Holland 1963 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
200 MAIN ST SW STE #600, GAINESVILLE, GA 30501-3721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
—
New Holland 1963 LLC
Mark Beverly Real Estate Holdings L
Warranty 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.
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