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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Grocery and convenience stores
3000 Mcever Rd Gainesville, GA 30504-5539
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US22-1520931
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1984
Total area
6,200 SF
Lot
0.92 ac (40,075 SF)
Zoning code
N-B
APN
08-022 -000-008
UPID
US22-1520931
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
-
GoToHearing Hearing Aid Store Audiologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$785k
Owner & transaction history
Mcever Place 2010 LLC · 15 yrs held
Mcever Place 2010 LLC
since 2011
6 recorded transactions
Zoning & alternative use
N-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
Neighborhood Business
General category
COMMERCIAL
Zone area
140.44 ac
Source
ARTICLE 9-1
Top alternative use upside
Medical building
$1.3M
+33.5%
Commercial (general)
$1.2M
+29.6%
Auto repair, garage
$1.2M
+22.9%
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
NEIGHBORHOOD: SHOPPING CENTER
$960,000
Current use
MEDICAL BUILDING
$1,280,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,245,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,180,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$1,015,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$930,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$127 / 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
$5,552
Tax year 2024
Assessed value
$193,880
Assessed 2024
Previous assessed
$193,880
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$91,680
Assessed improvement
$102,200
Land market value
$229,200
Improvement market value
$255,500
Total market value
$484,700
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
CONVENIENCE STORE
Status
Off-Market
Year built
1984
Heating
YES
Cooling
CENTRAL
Rooms
20
Bathrooms
1
Total area
6,200 SF
Lot
0.92 ac (40,075 SF)
Zoning code
N-B
APN
08-022 -000-008
UPID
US22-1520931
Jurisdiction
HALL
Zoning & alternative use
N-B · Gainesville, GAZoning N-B · permitted uses
N-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
Neighborhood Business
General category
COMMERCIAL
Zone area
140.44 ac
Source
ARTICLE 9-1
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$960,000
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$930,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1984
Heating
YES
Cooling
Yes
Rooms
20
Bathrooms
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Mcever Place 2010 LLC
Entity
Mailing address
PO BOX 3013, GAINESVILLE, GA 30503-3013
Ownership since
2011
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
Nov 7, 2016
—
Mcever Place 2010 LLC
—
Deed
related
$252,177 · Independence Bk/ga
May 12, 2011
$300,000
Mcever Place 2010 LLC
Jack Waldrip
Warranty Deed
$303,686 · Independence Bank Of Geo
May 12, 2011
—
Mcever Place 2010 LLC
Gibson,alvin
Warranty Deed
—
—
—
Mcever Place 2010 LLC
—
Loan Modification
related
$283,137 · Independence Bk/ga
—
—
Mcever Place 2010 LLC
—
Loan Modification
related
$252,177 · Independence Bk/ga
—
—
Jack Waldrip
—
Deed Of Trust
related
$150,000 · Independence Bank Of Georgia
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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