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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Retail space
2642 Gillsville Hwy Gainesville, GA 30507-7939
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1820389
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Total area
9,100 SF
Lot
1.74 ac (75,794 SF)
Zoning code
PCD
APN
15-023B-000-099
UPID
US22-1820389
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
-
Western Union Bank Credit Union
-
FedEx OnSite Postal Service Courier Service
-
Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.03M
Owner & transaction history
Starmount Gainesville LLC · 5 yrs held
Starmount Gainesville LLC
since 2021
7 recorded transactions
Zoning & alternative use
PCD · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ARTICLE 9-1
Top alternative use upside
Office building
$1.5M
+9.2%
Neighborhood: shopping center
$1.4M
+3.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,365,000
Current use
OFFICE BUILDING
$1,495,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,410,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10%
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
$113 / 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
$11,116
Tax year 2024
Assessed value
$449,160
Assessed 2024
Previous assessed
$449,720
-0.1% YoY
Effective rate
2.47%
On assessed value
Assessed land
$41,760
Assessed improvement
$407,400
Land market value
$104,400
Improvement market value
$1,018,500
Total market value
$1,122,900
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2014
Heating
NONE
Total area
9,100 SF
Lot
1.74 ac (75,794 SF)
Zoning code
PCD
APN
15-023B-000-099
UPID
US22-1820389
Jurisdiction
HALL
Zoning & alternative use
PCD · Gainesville, GAZoning PCD · permitted uses
PCD · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ARTICLE 9-1
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES Current
OFFICE BUILDING
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
2014
Heating
NONE
Lot
1.74 ac
Current owner
From public records · entity-resolved
Starmount Gainesville LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7821 BLUEBERRY HL CT, HENRICO, VA 23229
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
—
Starmount Gainesville LLC
—
Deed
related
$900,000 · Pinnacle Bank
Mar 18, 2021
—
Starmount Gainesville LLC
Linda K Farrar
Warranty Deed
—
Nov 19, 2014
$1,482,800
Koonts,robert H|farrar,linda K Tr
Sw Tadmore LLC
Grant Deed
$1,080,000 · High Point Bk&tr
Jun 2, 2014
—
Sw Tadmore LLC
Peck,tony
Quit Claim Deed
related
$911,000 · Branch Bk&tr
Jun 2, 2014
$89,000
Sw Tadmore LLC
Peck,tony
Grant Deed
—
May 18, 2011
$201,600
Ah K Chan
Peck,tony
Warranty Deed
$203,365 · United Community Bank
Sep 28, 2004
$199,900
Peck,tony
Madera,pedro & Karina
Warranty 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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