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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2312 Centennial Cir Gainesville, GA 30504-5756

    • Manufacturing properties
    • 24,180 SF
    • 2.44 lot acres
    OFF-MARKET
    Last Sale
    May 03, 2023
    $2,850,000
    Value Estimations
    $2,715,000
    Show details
    Cap Rate Potential
    5.5%
    Manufacturing properties
    Location Intelligence
    Property ID
    US22-0971157
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Aju food / Wholesaler

    Property Details for 2312 Centennial Cir

    Year built
    1993
    Construction
    STEEL FRAME
    Lot size
    2.44 lot acres
    Property size
    24,180 SF
    Zone code
    I-I
    Property type
    Manufacturing properties
    APN
    08-013 -002-050
    APU
    8013002050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,625,000
      ML approach
      $2,705,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,415,000
      6.5%
      $2,230,000
      7%
      $2,070,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,712,000
      Market price range: $1.11M - $3.71M
      AI Estimate
      $1,786,000
      Market price range: $475k - $1.79M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,240,000
      Current use
      OFFICE BUILDING
      $3,965,000
      Change: +77% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,745,000
      Change: +67% Conversion: Difficult
      RETAIL STORES
      $3,635,000
      Change: +62% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.8637
    Latitude
    34.2602
    CBSA code
    23580
    CBSA name
    GAINESVILLE, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $27,859
    $146,400
    $1,046,440
    $1,192,840
    -
    $366,000
    $2,616,100
    $2,982,100

    Comparable in this City

    • Value Estimation
      $905,000
      102,996 SF

      2480 Atlanta Hwy

      MANUFACTURING (LIGHT) • 102,996 SF
      2480 Atlanta Hwy, Gainesville, GA 30504-7154
      View Details
    • Value Estimation by Request
      67,718 SF

      Mcever Rd

      MANUFACTURING (LIGHT) • 67,718 SF
      Mcever Rd, Gainesville, GA 30504
      View Details
    • Value Estimation
      $295,000
      3,060 SF

      2350 Murphy Blvd

      MANUFACTURING (LIGHT) • 3,060 SF
      2350 Murphy Blvd, Gainesville, GA 30504-6002
      View Details
    • Value Estimation
      $260,000
      6,400 SF

      1820 Gaines Dr

      MANUFACTURING (LIGHT) • 6,400 SF
      1820 Gaines Dr, Gainesville, GA 30504-4712
      View Details
    • Value Estimation
      $375,000
      19,200 SF

      3943 Hidden Hl Dr

      MANUFACTURING (LIGHT) • 19,200 SF
      3943 Hidden Hl Dr, Gainesville, GA 30504
      View Details
    • Value Estimation
      $335,000
      7,500 SF

      2145 Centennial Dr

      MANUFACTURING (LIGHT) • 7,500 SF
      2145 Centennial Dr, Gainesville, GA 30504-5758
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      276,375 SF

      Industrial Space Ready For Occupancy

      276,375 SF industrial space available, ready for occupancy.
      2560 West Park Dr SW, Gainesville, GA 30504
      View Details
    • Contact for pricing
      12.80 Acres

      Gainesville Development Land - 12.8 Acres

      Prime Commercial Land, High Traffic Area, Gainesville, GA
      3100 Mcever Rd, Gainesville, GA 30504
      View Details
    • $1,300,000
      0.47 Acres

      Gainesville Retail Building - $1.3M

      High-traffic retail building, great income potential.
      1636 Atlanta Hwy, Gainesville, GA 30504
      View Details
    • $650,000
      0.78 Acres

      Lakefront Lot with Deep Water

      Lakefront building lot with dock, party deck, and boatlift.
      4451 Flat Creek Dr, Gainesville, GA 30504
      View Details
    • $1,800,000

      Established Auto Center on McEver

      Well-located auto center with FF&E included for owner/user.
      950 Mcever Rd, Gainesville, GA 30504
      View Details
    • $550,000
      0.28 Acres

      Gainesville Point Lot with Dock

      Beautiful lot with sunset views and deep water dock.
      5471 Dogwood Ln, Gainesville, GA 30504
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      130,688 SF

      Gainesville Industrial Build-to-Suit

      130,688 SF Warehouse, Flexible Design
      2419 Atlanta Hwy, Gainesville, GA 30504
      View Details
    • $6 SF/Yr
      129,000 SF

      Gainesville Warehouse - Murphy Blvd

      Large Industrial Warehouse, Flexible Space
      2375 Murphy Blvd, Gainesville, GA 30504
      View Details
    • Contact for pricing
      80,000 SF

      Gainesville Warehouse - 80,000 SF

      Large Warehouse, 3.4 Acres, 79 Trailer Spaces
      3521 Mabry Rd, Gainesville, GA 30504
      View Details
    • $6 SF/Yr
      200,000 SF

      Gainesville Warehouse - 200,000 SF

      Large warehouse, ideal for distribution. High power, ample parking.
      2420 Park Dr, Gainesville, GA 30504
      View Details
    • $15 SF/Yr
      6,331 SF

      Gainesville Retail Space Lease

      High-traffic location, 2,230 sqft available.
      1528 Browns Bridge Rd, Gainesville, GA 30504
      View Details
    • $800 /Mo
      30,928 SF

      Gainesville Office Space For Lease

      Commercial office space for lease in prime Gainesville location.
      3306 Donna Way, Gainesville, GA 30504
      View Details
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    2312 Centennial Cir
    Gainesville, GA 30504-5756
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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