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Property profile & analytics
OFF-MARKET
Estimated value
$9,435,000
Grocery and convenience stores
2892 Browns Brg Rd Gainesville, GA 30504
Entity Owned
5-yr Hold
Free & Clear
Property ID
US22-1289436
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2014
Total area
42,288 SF
Lot
5.57 ac (242,629 SF)
Zoning code
R-B
APN
08-015 -006-021
UPID
US22-1289436
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
-
Walmart Bakery Bakery Specialty Food Shop
-
Coinstar Bank Credit Union
-
Ria Money Transfer - Walmart Bank Credit Union
-
Walmart Home Services Social Service Agency
-
Walmart Home Theater Installation Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.73M
CAP Approach
CAP
$7.50M
Comparable Approach
Comparable
$8.27M
Blend (final)
Blend
$9.44M
Owner & transaction history
Carney Gainesville LLC · 5 yrs held
Carney Gainesville LLC
since 2020
Last sale
$11.9M
7 recorded transactions
Zoning & alternative use
R-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Standard O-I N-B C-B R-B G-B L-I H-I Table Notes: A “-“ in a cell = Not Permitted *Additional density may be allowed by the Governing Body with approval of a Special Use. **Required zoning buffers may be reduced in width with installation of a structural buffer as provided in Chapter 13-1. CITY OF GAINESVILLE, GA | Unified Land Development Code
Zone name
Regional Business
General category
COMMERCIAL
Zone area
252.06 ac
Source
ARTICLE 9-1
Top alternative use upside
Restaurant
$13.1M
+105.4%
Medical building
$8.7M
+37.6%
Commercial (general)
$8.5M
+33.6%
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
$13,075,000
ML approach
$8,725,000
CAP Approach
CAP Return
Estimation
6%
$8,125,000
6.5%
$7,500,000
7%
$6,965,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,355,000
Current use
RESTAURANT
$13,050,000
Change: +105% · Conversion: Easy
MEDICAL BUILDING
$8,740,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,485,000
Change: +34% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,050,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$6,940,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,550,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$9.44M
Range $8.49M – $10.38M · ±10% · vs last sale $11.89M (Nov 20 2020)
Last sale anchor
$11.89M
Nov 20 2020
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
$223 / 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
$102,888
Tax year 2024
Assessed value
$3,512,600
Assessed 2024
Previous assessed
$2,560,000
+37.2% YoY
Effective rate
2.93%
On assessed value
Assessed land
$755,960
Assessed improvement
$2,756,640
Land market value
$1,889,900
Improvement market value
$6,891,600
Total market value
$8,781,500
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2014
Heating
YES
Cooling
CENTRAL
Rooms
20
Bathrooms
1
Total area
42,288 SF
Lot
5.57 ac (242,629 SF)
Zoning code
R-B
APN
08-015 -006-021
UPID
US22-1289436
Jurisdiction
HALL
Zoning & alternative use
R-B · Gainesville, GAZoning 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
Zoning description
Standard O-I N-B C-B R-B G-B L-I H-I Table Notes: A “-“ in a cell = Not Permitted *Additional density may be allowed by the Governing Body with approval of a Special Use. **Required zoning buffers may be reduced in width with installation of a structural buffer as provided in Chapter 13-1. CITY OF GAINESVILLE, GA | Unified Land Development Code
Zone name
Regional Business
General category
COMMERCIAL
Zone area
252.06 ac
Source
ARTICLE 9-1
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.4M
RESTAURANT
Est. value
$13.1M
MEDICAL BUILDING
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$8.1M
OFFICE BUILDING
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
YES
Cooling
Yes
Rooms
20
Bathrooms
1
Lot
5.57 ac
Current owner
From public records · entity-resolved
Carney Gainesville LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Nov 20, 2020
—
Carney Gainesville LLC
Pnc Bk National Assn
Quit Claim Deed
related
—
Nov 17, 2020
$11,886,473
2892 Browns Bridge Road LLC
Carney Gainesville LLC
Grant Deed
$8,320,000 · Keybank USA
Mar 19, 2015
$13,075,200
Carney Gainesville LLC
Polestar Ga Gainesville Brown
Grant Deed
$17,418,304 · Pnc Bk
Jun 24, 2014
—
Ga Gainesville Brown Polestar
Cd II Properties LLC
Quit Claim Deed
related
—
Jun 24, 2014
$3,000,000
Polestar Ga Gainesville Brown
Cd II Properties LLC
Grant Deed
$8,695,000 · Pnc Bk
Nov 16, 2012
$1,850,000
Cd II Properties LLC
2888 Browns Brg Road Holdings
Grant Deed
—
Jul 13, 2011
$2,169,331
2888 Browns Brg Road Holdings
Lanier Commons Associates LP
Trustees Deed
related
—
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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