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

    301 Washington NW St Gainesville, GA 30501-3520

    • Investment properties
    • 5,060 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $1,020,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0984991
    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

    • Hair By Madeline Grace / Hairdresser
    • Simpson Custom Photography / Photographer
    • Established Design & Furniture / Interior Designer
    • BMCG Logistics, LLC / Logistics Service
    • The Liquid Kitty / Association / Organization

    Property Details for 301 Washington NW St

    Year built
    1915
    Lot size
    0.10 lot acres
    Property size
    5,060 SF
    Zone code
    C-B
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    01-005 -005-001
    APU
    1005005001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $870,000
      6.5%
      $800,000
      7%
      $745,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,006,000
      Market price range: $391k - $1.47M
      AI Estimate
      $1,253,000
      Market price range: $275k - $1.84M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $825,000
      Current use
      RESTAURANT
      $1,495,000
      Change: +81% Conversion: Difficult
      MEDICAL BUILDING
      $1,080,000
      Change: +31% Conversion: Easy
      AUTO REPAIR, GARAGE
      $965,000
      Change: +17% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $785,000
      Change: -5% Conversion: Difficult
      OFFICE BUILDING
      $720,000
      Change: -13% Conversion: Easy
      RETAIL STORES
      $715,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.8281
    Latitude
    34.2989
    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
    $6,003
    $74,160
    $135,440
    $209,600
    -
    $185,400
    $338,600
    $524,000

    Comparable in this City

    • Value Estimation
      $2,400,000
      19,440 SF

      212 Spg SW St

      STORE/OFFICE (MIXED USE) • 19,440 SF
      212 Spg SW St, Gainesville, GA 30501-3746
      View Details
    • Value Estimation
      $1,880,000
      12,852 SF

      115 Bradford NW St

      STORE/OFFICE (MIXED USE) • 12,852 SF
      115 Bradford NW St, Gainesville, GA 30501-3665
      View Details
    • Value Estimation
      $1,055,000
      5,128 SF

      403 Broad SE St

      STORE/OFFICE (MIXED USE) • 5,128 SF
      403 Broad SE St, Gainesville, GA 30501-3725
      View Details
    • Value Estimation
      $2,085,000
      10,082 SF

      322 Oak St

      STORE/OFFICE (MIXED USE) • 10,082 SF
      322 Oak St, Gainesville, GA 30501-3580
      View Details
    • Value Estimation
      $2,130,000
      9,584 SF

      1001 Riverside Dr

      STORE/OFFICE (MIXED USE) • 9,584 SF
      1001 Riverside Dr, Gainesville, GA 30501-1825
      View Details
    • Value Estimation
      $625,000
      2,780 SF

      209 Jesse Jewell SE Pkwy

      STORE/OFFICE (MIXED USE) • 2,780 SF
      209 Jesse Jewell SE Pkwy, Gainesville, GA 30501-3711
      View Details

    Similar Nearby for Sale

    • $265,000
      1,778 SF

      Gainesville Mixed-Use Potential on Acres

      Versatile property on 2.03 acres, ideal for investors/homeowners.
      2626 White Sulphur Rd, Gainesville, GA 30501
      View Details
    • Contact for pricing
      120.00 Acres

      Gainesville Industrial Land - 120 Acres

      Prime 120-acre industrial site in Gainesville, GA.
      2862 White Sulphur Rd, Gainesville, GA 30501
      View Details
    • $299,000
      6.62 Acres

      Gainesville Land with Lake Access

      6.62 acre lot with lake access and city utilities.
      504 Bayberry Crossing Dr, Gainesville, GA 30501
      View Details
    • $205,000
      986 SF

      Move-In Ready Condo Near Downtown

      Bright 2-bedroom condo with updates, near Gainesville amenities.
      1235 Riverside Dr, Gainesville, GA 30501
      View Details
    • $950,000

      Residential Lot Near Downtown Gainesville

      Residential lot near Downtown Gainesville, ideal for homebuilding or development.
      581 Bradford Street Ext, Gainesville, GA 30501
      View Details
    • $425,000
      0.91 Acres

      Lake Lanier Residential Land Parcel

      Residential land with deeded boat slip on Lake Lanier.
      5 Winterberry Ct, Gainesville, GA 30501
      View Details

    Similar Nearby for Lease

    • $13,960 /Mo
      6,443 SF

      Downtown Gainesville Commercial Opportunity

      Two-building property in downtown Gainesville with retail and warehouse space.
      511 Main St SW, Gainesville, GA 30501
      View Details
    • Contact for pricing

      Prime Land Lease Opportunity

      1.6 acre site available for ground lease in Gainesville.
      1948 Jesse Jewell Pkwy, Gainesville, GA 30501
      View Details
    • Contact for pricing
      2,437 SF

      Retail Space in Gainesville Plaza

      Retail space in high-traffic Gainesville location near national retailers.
      656-670 Dawsonville Hwy, Gainesville, GA 30501
      View Details
    • $1,500 /Mo
      6,906 SF

      Gainesville Office Space Available

      Second floor office suite with shared kitchen and ample parking.
      629 Dawsonville Hwy, Gainesville, GA 30501
      View Details
    • $5 SF/Yr
      22,651 SF

      Gainesville Retail Land - 0.52 Acres

      Prime Gainesville retail lot, single tenant.
      943 Jesse Jewell Pkwy, Gainesville, GA 30501
      View Details
    • Contact for pricing
      16,000 SF

      Gainesville Restaurant - Prime Location

      16,000 SF Restaurant, Ample Parking
      104 Main St, Gainesville, GA 30501
      View Details
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    301 Washington NW St
    Gainesville, GA 30501-3520
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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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