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Property profile & analytics
FOR SALE
Medical Office Space
219 Boggs St Lexington, GA 30648
Entity Owned
7-yr Hold
Free & Clear
Property ID
US22-3230700
For Sale
1 / 23
Contact for pricing
219 Boggs St, Lexington, GA 30648
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Total area
4,920 SF
Lot
1.24 ac (54,014 SF)
Zoning code
UNZONED RURAL
APN
L2 013
UPID
US22-3230700
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
-
Oglethorpe Ear, Nose & Throat Physician
-
Robert Pitts Physician
-
Kristin Pitts 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
$295k
Owner & transaction history
Boclala LLC · 7 yrs held
Boclala LLC
since 2019
2 recorded transactions
Zoning & alternative use
UNZONED RURAL · Lexington, 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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
WAREHOUSE, STORAGE
$775,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: 0% · Conversion: Easy
RETAIL STORES
$390,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$295k
Range $266k – $325k · ±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
$60 / 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
$10,426
Tax year 2023
Assessed value
$368,600
Assessed 2023
Previous assessed
$3,000
+12,186.7% YoY
Effective rate
2.83%
On assessed value
Assessed land
$3,720
Assessed improvement
$364,880
Land market value
$9,300
Improvement market value
$912,200
Total market value
$921,500
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
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
For Sale
Year built
2019
Heating
STEAM
Total area
4,920 SF
Lot
1.24 ac (54,014 SF)
Zoning code
UNZONED RURAL
APN
L2 013
UPID
US22-3230700
Jurisdiction
OGLETHORPE
Zoning & alternative use
UNZONED RURAL · Lexington, GAZoning UNZONED RURAL · permitted uses
UNZONED RURAL · Lexington, 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
WAREHOUSE, STORAGE
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$710,000
RETAIL STORES
Est. value
$390,000
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2019
Heating
STEAM
Lot
1.24 ac
Current owner
From public records · entity-resolved
Boclala LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2019 W BOGGS ST, LEXINGTON, GA 30648
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2019
$47,000
Boclala LLC
Joanne L Maki
Warranty Deed
—
Apr 11, 2014
$11,000
Joanne L Maki
William Lamar Hughes
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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