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Property profile & analytics
FOR SALE
Investment properties
2037 Grayson Hwy Grayson, GA 30017
Individually Owned
4-yr Hold
Free & Clear
Property ID
US22-0978277
For Sale
1 / 35
$1,150,000
2037 Grayson Hwy, Grayson, GA 30017
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1897
Construction
WOOD
Total area
3,248 SF
Lot
1.05 ac (45,738 SF)
Zoning code
OI-OFFICE-INSTITUTIONAL
APN
5-136 -028
UPID
US22-0978277
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
-
Precious Image Creations Inc Textile Manufacturer
-
Whispering Firs Events Hotel & Motel Resort
-
Osteopathic Institute Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$475k
Owner & transaction history
Brian Perdue · 4 yrs held
Brian Perdue
since 2021
Last sale
$550,000
1 recorded transaction
Zoning & alternative use
OI-OFFICE-INSTITUTIONAL · Grayson, 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 Grayson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grayson 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
$475,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$605,000
7%
$565,000
Alternative Use
Use
Estimation
RETAIL STORES
$875,000
Change: -15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$475k
Range $428k – $523k · ±10% · vs last sale $550k (Dec 10 2021)
Last sale anchor
$550k
Dec 10 2021
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
$146 / 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
$8,018
Tax year 2023
Assessed value
$216,800
Assessed 2023
Previous assessed
$216,800
+0.0% YoY
Effective rate
3.70%
On assessed value
Assessed land
$29,800
Assessed improvement
$187,000
Land market value
$74,500
Improvement market value
$467,500
Total market value
$542,000
Applied tax rate
5.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1897
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
2
Rooms
9
Bathrooms
1
Total area
3,248 SF
Lot
1.05 ac (45,738 SF)
Zoning code
OI-OFFICE-INSTITUTIONAL
APN
5-136 -028
UPID
US22-0978277
Jurisdiction
GWINNETT
Zoning & alternative use
OI-OFFICE-INSTITUTIONAL · Grayson, GAZoning OI-OFFICE-INSTITUTIONAL · permitted uses
OI-OFFICE-INSTITUTIONAL · Grayson, 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
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1897
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
9
Bathrooms
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Brian Perdue
Individual
Free & Clear · 4 yrs held
Mailing address
2037 GRAYSON HWY, GRAYSON, GA 30017-1242
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Dec 10, 2021
$550,000
Brian Perdue
Georgia Osteopathic Institute INC
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.
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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