Property profile

402 Washington SE St Gainesville, GA 30501

OFF-MARKET
Banks
Property ID
US22-1477587
17,300 SF 1.28 ac lot Built 1963
Entity Owned 25-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This office property is located within the Downtown Gainesville Historic District, approximately within walking distance of the downtown square. It is positioned less than one mile from Northeast Georgia Medical Center and has convenient access to Spring Street and Washington Street. The building contains approximately 8,900 square feet of office space.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1963
Total area 17,300 SF
Lot 1.28 ac (55,757 SF)
Zoning code O-I
APN 01-003 -002-006
UPID US22-1477587

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Hotel & Motel Resort
  • Bank Loan Service
  • Atm
  • Law Firm

Location

402 Washington SE St Gainesville, GA 30501-3619
Gainesville metro Census 800 GAINESVILLE, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
$775k
Blend (final) Blend
$465k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

Zoning & alternative use

O-I · Gainesville, GA
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…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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