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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Medical Office Space
245 Greencastle Rd Tyrone, GA 30290-2944
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1424715
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,807 SF
Lot
5.4 ac (235,224 SF)
Zoning code
C OI
APN
73613001
UPID
US22-1424715
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
-
Women's Health Center Physician
-
Verna Thornton Physician
-
Thomas Eye Group - Tyrone Surgery Center Surgical Center Eye Care Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
Mmacpix2 Atlanta Eye Spe LLC · 2 yrs held
Mmacpix2 Atlanta Eye Spe LLC
since 2024
Last sale
$750,000
4 recorded transactions
Zoning & alternative use
C OI · Tyrone, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Town of Tyrone, GA
Top alternative use upside
Commercial (general)
$1.2M
+71.9%
Restaurant
$815,000
+14.7%
Retail stores
$755,000
+6.7%
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 Tyrone submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tyrone 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
$930,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$710,000
Current use
COMMERCIAL (GENERAL)
$1,220,000
Change: +72% · Conversion: Easy
RESTAURANT
$815,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$755,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$670,000
Change: -5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$615,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$605,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $750k (Feb 28 2022)
Last sale anchor
$750k
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
$144 / 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
$9,226
Tax year 2023
Assessed value
$300,000
Assessed 2023
Previous assessed
$264,120
+13.6% YoY
Effective rate
3.08%
On assessed value
Assessed land
$36,840
Assessed improvement
$263,160
Land market value
$92,100
Improvement market value
$657,900
Total market value
$750,000
Applied tax rate
3.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
5,807 SF
Lot
5.4 ac (235,224 SF)
Zoning code
C OI
APN
73613001
UPID
US22-1424715
Jurisdiction
FAYETTE
Zoning & alternative use
C OI · Tyrone, GAZoning C OI · permitted uses
C OI · Tyrone, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Town of Tyrone, GA
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$815,000
RETAIL STORES
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$670,000
INDUSTRIAL (GENERAL)
Est. value
$615,000
OFFICE BUILDING
Est. value
$605,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
5.4 ac
Current owner
From public records · entity-resolved
Mmacpix2 Atlanta Eye Spe LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5901 PEACHTREE DUNWOODY RD STE A500, ATLANTA, GA 30328-7162
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
—
Mmacpix2 Atlanta Eye Spe LLC
Aew Partners Real Estate Fund Ix LP
Quitclaim Deed
related
—
Nov 30, 2023
$1,885,666
Mmacpix2 Atlanta Eye Spe LLC
Tyrone Medical Development LLC
Warranty Deed
$942,833 · Aew Partners Real Estate Fund Ix
Feb 28, 2022
$750,000
Tyrone Medical Development LLC
Kip LLC
Warranty Deed
—
Dec 2, 2004
$440,000
Kip LLC
Tcg Holdings LLC
Warranty Deed
$245,000 · Amsouth Bk/pensacola
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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