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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Medical Office Space
2510 Limestone Pkwy, Gainesville, GA 30501-2089
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0300326
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
4,970 SF
Lot
1.34 ac (58,370 SF)
Zoning code
R-B
APN
09-125 -000-082
UPID
US22-0300326
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
-
Northeast Georgia Physicians Group Medical Clinic
-
FedEx Drop Box Postal Service Courier Service
-
Kimberley Shanks, MD Physician Medical Clinic
-
William Nish, MD Physician Medical Clinic
-
Northeast Georgia Physicians Group Allergy and Asthma Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.32M
Owner & transaction history
Wilbanks Family Holdings LLC · 4 yrs held
Wilbanks Family Holdings LLC
since 2021
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
R-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,230,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,060,000
Current use
AUTO REPAIR, GARAGE
$945,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10% · vs last sale $1.50M (Dec 1 2021)
Last sale anchor
$1.50M
Dec 1 2021
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
$266 / 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
$16,375
Tax year 2024
Assessed value
$571,800
Assessed 2024
Previous assessed
$571,800
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$160,800
Assessed improvement
$411,000
Land market value
$402,000
Improvement market value
$1,027,500
Total market value
$1,429,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
4,970 SF
Lot
1.34 ac (58,370 SF)
Zoning code
R-B
APN
09-125 -000-082
UPID
US22-0300326
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
MEDICAL BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$945,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
Heating
HEAT PUMP
Cooling
Yes
Lot
1.34 ac
Current owner
From public records · entity-resolved
Wilbanks Family Holdings LLC
Entity
Mailing address
1514 BLUE RDG DR NE, GAINESVILLE, GA 30501-1204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2021
$1,500,000
Wilbanks Family Holdings LLC
Limestone Office Center LLC
Warranty Deed
$1,000,000 · Gd Jones Investments
Jun 30, 2009
$1,250,000
Limestone Office Center LLC
Nish Properties LLC
Grant Deed
—
—
—
Jones Dobbs Trust
—
Deed Of Trust
related
$502,696 · Stariet Jones
—
—
Limestone Office Center LLC
—
Loan Modification
related
$2,093,016 · Peach State Bank & Trust
—
—
Nish,william A
—
Deed Of Trust
related
$27,198 · Southern Heritage Bk
—
—
Limestone Office Center LLC
—
Deed Of Trust
related
$254,082 · Bank Of Ga
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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