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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Manufacturing properties
2348 Monroe Dr Gainesville, GA 30507-7343
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1411974
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Construction
STEEL FRAME
Total area
19,038 SF
Lot
2.12 ac (92,347 SF)
Zoning code
H-I
APN
15-032 -000-010C
UPID
US22-1411974
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
-
The Rock Yard, Inc Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.03M
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$2.00M
Owner & transaction history
2348 Monroe Dr LLC · 3 yrs held
2348 Monroe Dr LLC
since 2023
Last sale
$2.0M
2 recorded transactions
Zoning & alternative use
H-I · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+89.0%
Neighborhood: shopping center
$3.0M
+78.4%
Retail stores
$2.9M
+73.1%
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
$1,845,000
ML approach
$2,025,000
CAP Approach
CAP Return
Estimation
6%
$1,900,000
6.5%
$1,755,000
7%
$1,630,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,655,000
Current use
OFFICE BUILDING
$3,125,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,950,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$2,860,000
Change: +73% · Conversion: Moderate
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±10% · vs last sale $2.00M (Jul 3 2023)
Last sale anchor
$2.00M
Jul 3 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
$105 / 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
$22,911
Tax year 2024
Assessed value
$808,280
Assessed 2024
Previous assessed
$415,520
+94.5% YoY
Effective rate
2.83%
On assessed value
Assessed land
$110,240
Assessed improvement
$698,040
Land market value
$275,600
Improvement market value
$1,745,100
Total market value
$2,020,700
Applied tax rate
4.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
2
Rooms
10
Bathrooms
2
Total area
19,038 SF
Lot
2.12 ac (92,347 SF)
Zoning code
H-I
APN
15-032 -000-010C
UPID
US22-1411974
Jurisdiction
HALL
Zoning & alternative use
H-I · Gainesville, GA
Zoning H-I · permitted uses
H-I · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
RETAIL STORES
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Buildings
2
Rooms
10
Bathrooms
2
Lot
2.12 ac
Current owner
From public records · entity-resolved
2348 Monroe Dr LLC
Entity
Mailing address
1325 SW LANIER PL, CUMMING, GA 30041-8619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jul 3, 2023
$2,000,000
2348 Monroe Dr LLC
Ry Holding Company LLC
Warranty Deed
$4,800 · Southstate Bank
Apr 30, 2007
$550,000
Ry Holding Co LLC
Aguilera,david
Grant 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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