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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Strip malls
3510 Thompson Brg Rd Gainesville, GA 30506-1562
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0302361
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
STEEL FRAME
Total area
7,900 SF
Lot
1.66 ac (72,310 SF)
Zoning code
PCD
APN
10-114 -000-001
UPID
US22-0302361
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
-
Mai's Massage Alternative Medicine Practice Spa & Massage Center
-
Jazzercise Gainesville Gym & Fitness Center
-
Grindle and Cole Real Estate Agency
-
Rustic Roots Hair Company Hair Salon
-
Duncan Exterminating Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Flosh Investments LP · 13 yrs held
Flosh Investments LP
since 2013
4 recorded transactions
Zoning & alternative use
PCD · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+33.5%
Commercial (general)
$1.6M
+29.6%
Auto repair, garage
$1.5M
+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
$1,225,000
Current use
MEDICAL BUILDING
$1,635,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,585,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,505,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$1,295,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$1,185,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$129 / 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
$10,694
Tax year 2024
Assessed value
$513,472
Assessed 2024
Previous assessed
$514,296
-0.2% YoY
Effective rate
2.08%
On assessed value
Assessed land
$190,880
Assessed improvement
$322,592
Land market value
$477,200
Improvement market value
$806,480
Total market value
$1,283,680
Applied tax rate
1.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Total area
7,900 SF
Lot
1.66 ac (72,310 SF)
Zoning code
PCD
APN
10-114 -000-001
UPID
US22-0302361
Jurisdiction
HALL
Zoning & alternative use
PCD · Gainesville, GA
Zoning PCD · permitted uses
PCD · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
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
2007
Construction
STEEL FRAME
Heating
NONE
Lot
1.66 ac
Current owner
From public records · entity-resolved
Flosh Investments LP
Entity
Free & Clear · 13 yrs held
Mailing address
256 BEARTOOTH PKWY STE #100, DAWSONVILLE, GA 30534-9406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Feb 18, 2013
—
Flosh Investments LP
Crm Central Properties LLC
Grant Deed
related
—
Apr 17, 2012
$801,364
Crm Central Properties LLC
Vjk Properties LLC
Trustees Deed
—
Mar 15, 2008
$1,700
Steven M Mcneilly
Dunlap,david
Grant Deed
related
—
—
—
Rose Hawk Transitions LLC
—
Deed Of Trust
related
$572,241 · Gainesville Bank & Trust
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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