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

    2821 Browns Brg Rd Gainesville, GA 30504-5635

    • Automotive properties
    • 8,662 SF
    • 2.21 lot acres
    OFF-MARKET
    Last Sale
    Mar 27, 2024
    $580,000
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1396223
    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

    • Auto Gallery at Gainesville / Used Car Dealer

    Property Details for 2821 Browns Brg Rd

    Year built
    2007
    Lot size
    2.21 lot acres
    Property size
    8,662 SF
    Property type
    Automotive properties
    APN
    08-015 -005-039
    APU
    8015005039

    Description

    This exceptional retail property at 2821 Browns Bridge Rd, Gainesville, GA 30504, offers a compelling investment opportunity. The 8,662 square foot auto shop, built in 2007, sits on a 2.21-acre lot (APN: 08015 005039) and is currently 100% occupied under a NNN lease with seven years remaining. The asking price is $2,950,000, translating to $340.57 per square foot. The property boasts excellent visibility and accessibility due to its corner location with ample road frontage and convenient access from two roads. A substantial parking area caters to high customer traffic. The current tenant, a well-established used car business with over 20 years of experience, generates annual revenue exceeding $3,480,000. This sale includes an additional lot at 2815 Florence Drive, offering potential for future development or sale. The property is zoned GB. This turnkey operation presents a rare chance to acquire a high-performing retail asset in a prime Gainesville location with significant income potential. The sale is structured as a sale for leaseback.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $580,000
      ML approach
      $580,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.8734
    Latitude
    34.2777
    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
    $23,889
    $429,120
    $405,040
    $834,160
    -
    $1,072,800
    $1,012,600
    $2,085,400

    Comparable in this City

    • Value Estimation
      $685,000
      23,012 SF

      2350 Browns Brg Rd

      VEHICLE SALES, RENTALS • 23,012 SF
      2350 Browns Brg Rd, Gainesville, GA 30504-6041
      View Details
    • Value Estimation
      $480,000
      18,949 SF

      2420 Browns Brg Rd

      VEHICLE SALES, RENTALS • 18,949 SF
      2420 Browns Brg Rd, Gainesville, GA 30504-6052
      View Details
    • Value Estimation
      $395,000
      7,993 SF

      2365 Browns Brg Rd

      VEHICLE SALES, RENTALS • 7,993 SF
      2365 Browns Brg Rd, Gainesville, GA 30504-6054
      View Details
    • Value Estimation
      $3,305,000
      18,168 SF

      2400 Browns Brg Rd

      VEHICLE SALES, RENTALS • 18,168 SF
      2400 Browns Brg Rd, Gainesville, GA 30504-6027
      View Details
    • Value Estimation
      $4,880,000
      21,961 SF

      2815 Browns Brg Rd

      VEHICLE SALES, RENTALS • 21,961 SF
      2815 Browns Brg Rd, Gainesville, GA 30504-5635
      View Details
    • Value Estimation
      $1,710,000
      988 SF

      2602 Browns Brg Rd

      VEHICLE SALES, RENTALS • 988 SF
      2602 Browns Brg Rd, Gainesville, GA 30504-5600
      View Details

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    Similar Nearby for Lease

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      High-traffic location, 2,230 sqft available.
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      View Details
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    • Contact for pricing
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      200,000 SF

      Gainesville Warehouse - 200,000 SF

      Large warehouse, ideal for distribution. High power, ample parking.
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    • $1,400 /Mo
      6,970 SF

      Gainesville Office Suite For Lease

      Professional office suite in high-traffic location with recent upgrades.
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      View Details
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    Gainesville, GA 30504-5635
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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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