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Property profile & analytics
OFF-MARKET
Estimated value
$2,260,000
Commercial land
405 Clark Lk Ests Dr Grayson, GA 30017
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1849115
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1985
Total area
4,613 SF
Lot
0.99 ac (43,124 SF)
Zoning code
C2-GENERAL BUSINESS
APN
5-136 -098
UPID
US22-1849115
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
Jpmorgan Chase Bank NA · 3 yrs held
Jpmorgan Chase Bank NA
since 2023
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
C2-GENERAL BUSINESS · Grayson, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+40.0%
Medical building
$1.5M
+0.4%
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 Grayson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grayson 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
$2,425,000
ML approach
$2,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,470,000
Current use
AUTO REPAIR, GARAGE
$2,060,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$1,480,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±10% · vs last sale $2.15M (May 15 2023)
Last sale anchor
$2.15M
May 15 2023
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
$490 / 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
$4,900
Tax year 2023
Assessed value
$132,480
Assessed 2023
Previous assessed
$132,480
+0.0% YoY
Effective rate
3.70%
On assessed value
Assessed land
$132,480
Land market value
$331,200
Total market value
$331,200
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
9
Bathrooms
5
Total area
4,613 SF
Lot
0.99 ac (43,124 SF)
Zoning code
C2-GENERAL BUSINESS
APN
5-136 -098
UPID
US22-1849115
Jurisdiction
GWINNETT
Zoning & alternative use
C2-GENERAL BUSINESS · Grayson, GA
Zoning C2-GENERAL BUSINESS · permitted uses
C2-GENERAL BUSINESS · Grayson, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grayson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
5
Lot
0.99 ac
Current owner
From public records · entity-resolved
Jpmorgan Chase Bank NA
Entity
Mailing address
1111 POLARIS PKWY, COLUMBUS, OH 43240-2031
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
$2,150,000
Jpmorgan Chase Bank NA
Wdg Grayson LLC
Limited Warranty Deed
—
Apr 22, 2022
$835,000
Wdg Grayson LLC
Alexandre Laury
Warranty Deed
$1,763,740 · Morris Bank
Sep 1, 2015
$291,000
Laury Alexandre
Bryant,cheryl E
Grant Deed
$285,729 · Caliber Hm Loans
May 16, 2014
—
Cheryl E Bryant
Bryant,james D
Quit Claim Deed
related
—
—
—
Laury Alexandre
—
Deed Of Trust
related
$285,747 · Caliber Hm Loans
—
—
Cheryl E Bryant
—
Deed Of Trust
related
$30,000 · Suntrust Bank NA
—
—
James D Bryant
—
Deed Of Trust
related
$189,000 · Cbc National Bank
—
—
James D Bryant
—
Deed Of Trust
related
$189,000 · Cbc National 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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