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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
418 Blvd Boulevard Gainesville, GA 30501-3303
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-3706766
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Total area
3,804 SF
Lot
0.42 ac (18,295 SF)
Zoning code
R-O
APN
01-038 -003-012
UPID
US22-3706766
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$565k
Owner & transaction history
Norton Capital INC · 7 yrs held
Norton Capital INC
since 2019
5 recorded transactions
Zoning & alternative use
R-O · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$810,000
+49.8%
Auto repair, garage
$725,000
+33.6%
Commercial (general)
$620,000
+14.4%
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 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
OFFICE BUILDING
$540,000
Current use
MEDICAL BUILDING
$810,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$725,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$620,000
Change: +14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$590,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$535,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$149 / 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
$8,809
Tax year 2024
Assessed value
$307,600
Assessed 2024
Previous assessed
$302,080
+1.8% YoY
Effective rate
2.86%
On assessed value
Assessed land
$117,120
Assessed improvement
$190,480
Land market value
$292,800
Improvement market value
$476,200
Total market value
$769,000
Applied tax rate
4.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1915
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
12
Bathrooms
3
Total area
3,804 SF
Lot
0.42 ac (18,295 SF)
Zoning code
R-O
APN
01-038 -003-012
UPID
US22-3706766
Jurisdiction
HALL
Zoning & alternative use
R-O · Gainesville, GA
Zoning R-O · permitted uses
R-O · 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
OFFICE BUILDING Current
Est. value
$540,000
MEDICAL BUILDING
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$590,000
RETAIL STORES
Est. value
$535,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1915
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
12
Bathrooms
3
Lot
0.42 ac
Current owner
From public records · entity-resolved
Norton Capital INC
Entity
Free & Clear · 7 yrs held
Mailing address
434 GRN ST NE, GAINESVILLE, GA 30501-3312
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2019
—
Norton Capital INC
Norton Legacy INC
Quit Claim Deed
related
—
Jan 3, 2019
$358,920
Norton Legacy INC
W L Norton Agency INC
Grant Deed
related
—
—
—
Brenda C Powell
—
Deed Of Trust
related
$65,600 · Regions Bank
—
—
W L Norton Agency INC
—
Loan Modification
related
$600,000 · Peach St Bk
—
—
Brenda Powell
—
Deed Of Trust
related
$241,900 · Regions 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.
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