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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Grocery and convenience stores
2159 Browns Brg Rd Gainesville, GA 30501-4731
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1518283
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2002
Total area
6,600 SF
Lot
1.16 ac (50,530 SF)
Zoning code
R-B
APN
01-127 -003-080
UPID
US22-1518283
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
-
Tacos Silao Restaurant
-
Undisputed Fade Masters 🇩🇴 BarberShop Barber Shop
-
Southern Gun & Pawn/Legacy Pawn Discount Store (Bike/Boat/Book/etc) Store
-
Appliance 4 Less Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$1.06M
Owner & transaction history
Mithani Properties LLC · 19 yrs held
Mithani Properties LLC
since 2007
4 recorded transactions
Zoning & alternative use
R-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+37.9%
Auto repair, garage
$1.3M
+22.9%
Commercial (general)
$1.1M
+5.3%
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%
$1,605,000
6.5%
$1,480,000
7%
$1,375,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,020,000
Current use
MEDICAL BUILDING
$1,410,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,255,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,075,000
Change: +5% · Conversion: Easy
OFFICE BUILDING
$940,000
Change: -8% · Conversion: Moderate
RETAIL STORES
$930,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$161 / 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
$9,236
Tax year 2024
Assessed value
$499,920
Assessed 2024
Previous assessed
$499,920
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$205,440
Assessed improvement
$294,480
Land market value
$513,600
Improvement market value
$736,200
Total market value
$1,249,800
Applied tax rate
18.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2002
Heating
YES
Cooling
CENTRAL
Total area
6,600 SF
Lot
1.16 ac (50,530 SF)
Zoning code
R-B
APN
01-127 -003-080
UPID
US22-1518283
Jurisdiction
HALL
Zoning & alternative use
R-B · Gainesville, GA
Zoning R-B · permitted uses
R-B · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$940,000
RETAIL STORES
Est. value
$930,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2002
Heating
YES
Cooling
Yes
Lot
1.16 ac
Current owner
From public records · entity-resolved
Mithani Properties LLC
Entity
Free & Clear · 19 yrs held
Mailing address
1591 BAYHILL DR, DULUTH, GA 30097-5979
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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 24, 2007
$1,300,000
Mithani Properties LLC
Chateau Enterprises INC
Grant Deed
—
May 24, 2007
—
Mithani Properties LLC
Chateau Enterprises INC
Grant Deed
related
—
Sep 16, 2005
$35,047
Chateau Enterprises INC
Shona INC
Trustees Deed
—
Mar 10, 2004
$780,000
Shona INC
Chateau Enterprises 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.
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