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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Investment properties
2987 Main St, Duluth, GA 30096-2745
Entity Owned
2-yr Hold
Property ID
US22-0687926
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1865
Construction
WOOD
Total area
5,990 SF
Lot
3.2 ac (139,392 SF)
Zoning code
CPD-C-CORE PRESERV DIST-C
APN
7-202 -021
UPID
US22-0687926
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
-
Payne-Corley House Hotel & Motel Resort
-
Magnolia Cottage (The Cottage on Main) Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.40M
Owner & transaction history
Wuww INC · 2 yrs held
Wuww INC
since 2024
Last sale
$3.4M
4 recorded transactions
Zoning & alternative use
CPD-C-CORE PRESERV DIST-C · Duluth, 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 Duluth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duluth 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
$3,400,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,840,000
Current use
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.40M (Mar 4 2024)
Last sale anchor
$3.40M
Mar 4 2024
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
$568 / 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
$16,589
Tax year 2023
Assessed value
$516,800
Assessed 2023
Previous assessed
$516,800
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$127,200
Assessed improvement
$389,600
Land market value
$318,000
Improvement market value
$974,000
Total market value
$1,292,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1865
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Rooms
8
Bathrooms
2
Total area
5,990 SF
Lot
3.2 ac (139,392 SF)
Zoning code
CPD-C-CORE PRESERV DIST-C
APN
7-202 -021
UPID
US22-0687926
Jurisdiction
GWINNETT
Zoning & alternative use
CPD-C-CORE PRESERV DIST-C · Duluth, GA
Zoning CPD-C-CORE PRESERV DIST-C · permitted uses
CPD-C-CORE PRESERV DIST-C · Duluth, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Duluth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.8M
COMMERCIAL (GENERAL) Current
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
1865
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Rooms
8
Bathrooms
2
Lot
3.2 ac
Current owner
From public records · entity-resolved
Wuww INC
Entity
Mailing address
2987 MAIN ST, DULUTH, GA 30096-2745
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
Mar 4, 2024
$3,400,000
Wuww INC
Ganley Holdings LLC
Warranty Deed
—
Mar 4, 2024
—
Wuww INC
Ganley Holdings LLC
Quit Claim Deed
related
—
Aug 1, 2008
$1,520,000
Ganley Holdings LLC
Dream Keepers INC
Deed
$1,638,973 · Gwinnett Cmnty Bk
Jul 31, 2008
$1,520,000
Ganley Holdings LLC
Dream Keepers INC
Grant Deed
related
$1,638,970 · Gwinnett Community Bank
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.
Try Rey
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