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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Medical Office Space
2002 Main St Madison, GA 30650-2054
Entity Owned
15-yr Hold
Free & Clear
Property ID
US22-3582766
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1940
Construction
WOOD
Total area
5,196 SF
Lot
0.95 ac (41,382 SF)
Zoning code
P1
APN
M22 016
UPID
US22-3582766
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. Pamela Hall, MD, FABFM Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Madison Medical Offices LLC · 15 yrs held
Madison Medical Offices LLC
since 2011
1 recorded transaction
Zoning & alternative use
P1 · Madison, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Professional District (P1) shall apply. (c) If residential or commercial uses are proposed in conjunction with the Planned Office Development, then the applicable information required for Planned Residential Districts or Planned Commercial Districts shall be provided.
Zone name
Professional And Office And Institutional District
General category
CIVIC_INSTITUTIONAL
Zone area
66.05 ac
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
RETAIL STORES
$705,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$595,000
Change: 0% · Conversion: Easy
RESTAURANT
$575,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$475,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$140 / 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
$5,256
Tax year 2023
Assessed value
$181,696
Assessed 2023
Previous assessed
$181,696
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$32,000
Assessed improvement
$149,696
Land market value
$80,000
Improvement market value
$374,239
Total market value
$454,239
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Total area
5,196 SF
Lot
0.95 ac (41,382 SF)
Zoning code
P1
APN
M22 016
UPID
US22-3582766
Jurisdiction
MORGAN
Zoning & alternative use
P1 · Madison, GAZoning P1 · permitted uses
P1 · Madison, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Professional District (P1) shall apply. (c) If residential or commercial uses are proposed in conjunction with the Planned Office Development, then the applicable information required for Planned Residential Districts or Planned Commercial Districts shall be provided.
Zone name
Professional And Office And Institutional District
General category
CIVIC_INSTITUTIONAL
Zone area
66.05 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$705,000
OFFICE BUILDING
Est. value
$595,000
RESTAURANT
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$475,000
RETAIL STORES
OFFICE BUILDING
RESTAURANT
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
1940
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Lot
0.95 ac
Current owner
From public records · entity-resolved
Madison Medical Offices LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1820 BETHANY RD, MADISON, GA 30650-4701
Ownership since
2011
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
Jul 19, 2011
$460,000
Madison Medical Offices LLC
Ag South Farm Credit Aca
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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