Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Medical Office Space
217 Scenic Hwy Lawrenceville, GA 30046-5621
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-1423549
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD
Total area
2,641 SF
Lot
0.27 ac (11,761 SF)
Zoning code
BG-GENERAL BUSINESS
APN
5-142 -054
UPID
US22-1423549
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. Hoyt Gazaway Physician
-
Jeanette Altieri, DC Alternative Medicine Practice
-
Louis Cavallo, DC Alternative Medicine Practice
-
AICA Orthopedics Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$552k
Blend (final)
Blend
$715k
Owner & transaction history
217 Scenic Highway Holdings LLC · 1 yrs held
217 Scenic Highway Holdings LLC
since 2025
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
BG-GENERAL BUSINESS · Lawrenceville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+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 Lawrenceville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrenceville 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
$710,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$545,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$875,000
Current use
AUTO REPAIR, GARAGE
$1,180,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$715,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $700k (Jul 28 2023)
Last sale anchor
$700k
Jul 28 2023
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
$271 / 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
$10,542
Tax year 2023
Assessed value
$328,400
Assessed 2023
Previous assessed
$328,400
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$68,640
Assessed improvement
$259,760
Land market value
$171,600
Improvement market value
$649,400
Total market value
$821,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Total area
2,641 SF
Lot
0.27 ac (11,761 SF)
Zoning code
BG-GENERAL BUSINESS
APN
5-142 -054
UPID
US22-1423549
Jurisdiction
GWINNETT
Zoning & alternative use
BG-GENERAL BUSINESS · Lawrenceville, GA
Zoning BG-GENERAL BUSINESS · permitted uses
BG-GENERAL BUSINESS · Lawrenceville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lawrenceville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$715,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
2003
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
217 Scenic Highway Holdings LLC
Entity
Mailing address
217 SCENIC HWY, LAWRENCEVILLE, GA 30046-5621
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Feb 7, 2025
—
217 Scenic Highway Holdings LLC
Kenneth Basille
Deed
—
Jul 28, 2023
$700,000
Kenneth Basille
Louis A Cavallo
Warranty Deed
—
—
—
Louie A Cavallo
—
Deed Of Trust
related
$100,000 · Brand Banking
—
—
Louie A Cavallo
—
Loan Modification
related
$100,000 · Brand Bkng
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 217 Scenic Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
