New search
Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Auto shops
2438 Limestone Pkwy Gainesville, GA 30501-2088
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1827702
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2004
Construction
STEEL FRAME
Total area
4,480 SF
Lot
0.68 ac (29,621 SF)
Zoning code
R-B
APN
09-125 -000-086
UPID
US22-1827702
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Meineke Car Care Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$930k
Owner & transaction history
Mk Holdings Ga LLC · 4 yrs held
Mk Holdings Ga LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
R-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$955,000
+12.1%
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
$770,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$855,000
Current use
MEDICAL BUILDING
$955,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$730,000
Change: -14% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $1.07M (Feb 28 2022)
Last sale anchor
$1.07M
Feb 28 2022
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
$208 / 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
$10,163
Tax year 2024
Assessed value
$354,880
Assessed 2024
Previous assessed
$355,360
-0.1% YoY
Effective rate
2.86%
On assessed value
Assessed land
$81,600
Assessed improvement
$273,280
Land market value
$204,000
Improvement market value
$683,200
Total market value
$887,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
YES
Total area
4,480 SF
Lot
0.68 ac (29,621 SF)
Zoning code
R-B
APN
09-125 -000-086
UPID
US22-1827702
Jurisdiction
HALL
Zoning & alternative use
R-B · Gainesville, GA
Zoning R-B · permitted uses
R-B · 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
AUTO REPAIR, GARAGE Current
Est. value
$855,000
MEDICAL BUILDING
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
STEEL FRAME
Heating
YES
Lot
0.68 ac
Current owner
From public records · entity-resolved
Mk Holdings Ga LLC
Entity
Mailing address
2438 LIMESTONE PKWY, GAINESVILLE, GA 30501-2088
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$1,067,500
Mk Holdings Ga LLC
Daks Investments LLC
Warranty Deed
$978,200 · Celtic Bank
Jan 30, 2020
—
Daks Investments LLC
2438 Limestone LLC
Quit Claim Deed
related
—
Jan 14, 2020
$937,500
Daks Investments LLC
2438 Limestone LLC
Warranty Deed
$660,000 · South State Bank
Nov 7, 2016
$1,000,000
2438 Limestone LLC
K & H Weiss LLC
Grant Deed
—
Nov 7, 2016
—
2438 Limestone LLC
K & H Weiss LLC
Quit Claim Deed
related
—
Aug 10, 2004
$710,000
K & H Weiss LLC
Friendship Group LLC
Grant Deed
$557,222 · Bank Of North Ga
Mar 22, 2004
$200,000
Friendship Group LLC
Mt View Enterprises INC
Warranty Deed
$685,500 · Lanier Community Bank
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 2438 Limestone Pkwy?
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.
