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Property profile & analytics
OFF-MARKET
Office Spaces
405 Madison St Clarkesville, GA 30523-5635
Entity Owned
10-yr Hold
Free & Clear
Property ID
US22-1613716
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Construction
FRAME
Total area
3,011 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CB
APN
069A074
UPID
US22-1613716
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
-
Clarkesville Police Department Police Department
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Of Clarkesville Georgia · 10 yrs held
City Of Clarkesville Georgia
since 2016
3 recorded transactions
Zoning & alternative use
CB · Clarkesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Community Business District is intended to establish and preserve central area in the city containing a broad range of retail businesses, service establishments, and other institutional/public uses. The Community Business District is not intended to accommodate automotive sales/service establishments and other businesses that normally cater to patrons in…
Zone name
Community Business District
General category
CIVIC_INSTITUTIONAL
Zone area
31.86 ac
Source
Realmo
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 Clarkesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clarkesville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,358
Tax year 2024
Assessed value
$90,848
Assessed 2024
Previous assessed
$86,820
+4.6% YoY
Effective rate
2.60%
On assessed value
Assessed land
$10,444
Assessed improvement
$80,404
Land market value
$26,110
Improvement market value
$201,010
Total market value
$227,120
Applied tax rate
2.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
8
Total area
3,011 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CB
APN
069A074
UPID
US22-1613716
Jurisdiction
HABERSHAM
Zoning & alternative use
CB · Clarkesville, GAZoning CB · permitted uses
CB · Clarkesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Community Business District is intended to establish and preserve central area in the city containing a broad range of retail businesses, service establishments, and other institutional/public uses. The Community Business District is not intended to accommodate automotive sales/service establishments and other businesses that normally cater to patrons in automobiles who are traveling to other destinations.
Zone name
Community Business District
General category
CIVIC_INSTITUTIONAL
Zone area
31.86 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
8
Lot
0.26 ac
Current owner
From public records · entity-resolved
City Of Clarkesville Georgia
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 21, CLARKESVILLE, GA 30523-0001
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2016
$206,000
City Of Clarkesville Georgia
Madison Street LLC
Warranty Deed
—
May 1, 2008
—
Madison Street
Not Provided
Deed
—
Jul 29, 2005
$200,000
Murray D Provine
Joely E Mixon
Deed
—
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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