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

    2420 Old Flowery Br Rd Gainesville, GA 30504-5638

    • Strip malls
    • 9,600 SF
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Apr 23, 2024
    $890,000
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1780290
    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

    • E Q Recordings / Recording Studio
    • Gloria E Camp - Aflac Insurance Agent / Life Insurance Agency / Insurance Agency
    • Iglesia de Dios Principe de Paz / Church
    • Beauty by Drea Renae / Beauty Salon
    • Clower Orthodontics PC / Dentist

    Property Details for 2420 Old Flowery Br Rd

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    0.81 lot acres
    Property size
    9,600 SF
    Zone code
    H-B
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    08-007 -002-005
    APU
    8007002005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $890,000
      ML approach
      $890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $829,000
      Market price range: $830k - $2.21M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,445,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.8616
    Latitude
    34.2733
    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
    $12,159
    $84,640
    $179,080
    $263,720
    -
    $211,600
    $447,700
    $659,300

    Comparable in this City

    • Value Estimation
      $980,000
      8,626 SF

      565 Shallowford NW Rd

      SHOPPING CENTER, STRIP CENTER • 8,626 SF
      565 Shallowford NW Rd, Gainesville, GA 30504-4173
      View Details
    • Value Estimation by Request
      3,000 SF

      2021 Spg Rd

      SHOPPING CENTER, STRIP CENTER • 3,000 SF
      2021 Spg Rd, Gainesville, GA 30504-4005
      View Details
    • Value Estimation by Request
      3,542 SF

      1503 Atlanta Hwy

      SHOPPING CENTER, STRIP CENTER • 3,542 SF
      1503 Atlanta Hwy, Gainesville, GA 30504-5962
      View Details
    • Value Estimation
      $525,000
      4,004 SF

      1870 Atlanta Hwy

      SHOPPING CENTER, STRIP CENTER • 4,004 SF
      1870 Atlanta Hwy, Gainesville, GA 30504-5948
      View Details
    • Value Estimation
      $685,000
      6,551 SF

      1864 Atlanta Hwy

      SHOPPING CENTER, STRIP CENTER • 6,551 SF
      1864 Atlanta Hwy, Gainesville, GA 30504-5935
      View Details
    • Value Estimation
      $1,340,000
      11,662 SF

      104 Carrington Park Dr

      SHOPPING CENTER, STRIP CENTER • 11,662 SF
      104 Carrington Park Dr, Gainesville, GA 30504-6603
      View Details

    Similar Nearby for Sale

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      Gainesville Commercial Building For Sale

      Renovated 4,100 SF building on 0.52 acres in Gainesville.
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    • $825,000
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      Gainesville Commercial Building on Shallowford

      Freestanding 2,836 SF retail building on a 0.31-acre lot.
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    • $1,300,000
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      Gainesville Retail Building - $1.3M

      High-traffic retail building, great income potential.
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    • $1,800,000

      Established Auto Center on McEver

      Well-located auto center with FF&E included for owner/user.
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    • $975,000
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      Gainesville Commercial Property For Sale

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    • $970,000
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      Retail Property in Gainesville, GA

      Retail property for sale with 1,325 square feet in Gainesville.
      132 Shallowford Rd, Gainesville, GA 30504
      View Details

    Similar Nearby for Lease

    • $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
    • $6 SF/Yr
      130,688 SF

      Gainesville Industrial Build-to-Suit

      130,688 SF Warehouse, Flexible Design
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      View Details
    • $6 SF/Yr
      129,000 SF

      Gainesville Warehouse - Murphy Blvd

      Large Industrial Warehouse, Flexible Space
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    • $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
    • 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
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    Gainesville, GA 30504-5638
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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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