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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Medical Office Space
420 Broad SE St, Gainesville, GA 30501-3726
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1221514
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1949
Construction
STEEL FRAME
Total area
2,142 SF
Lot
0.31 ac (13,504 SF)
Zoning code
G-B
APN
01-008 -002-002
UPID
US22-1221514
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
-
Dr. Rodolfo B. Carrillo Sr, MD Physician
-
Carillo Rofolfo B MD Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
$467k
Blend (final)
Blend
$540k
Owner & transaction history
Greek Tavern Properties LLC · 3 yrs held
Greek Tavern Properties LLC
since 2023
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
G-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$605,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$455,000
Current use
AUTO REPAIR, GARAGE
$410,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $600k (Mar 17 2023)
Last sale anchor
$600k
Mar 17 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
$252 / 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
$4,969
Tax year 2023
Assessed value
$169,360
Assessed 2023
Previous assessed
$169,360
+0.0% YoY
Effective rate
2.93%
On assessed value
Assessed land
$82,240
Assessed improvement
$87,120
Land market value
$205,600
Improvement market value
$217,800
Total market value
$423,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1949
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Rooms
14
Bathrooms
2
Total area
2,142 SF
Lot
0.31 ac (13,504 SF)
Zoning code
G-B
APN
01-008 -002-002
UPID
US22-1221514
Jurisdiction
HALL
Zoning & alternative use
G-B · Gainesville, GA
Zoning G-B · permitted uses
G-B · 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
MEDICAL BUILDING Current
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$410,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1949
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Rooms
14
Bathrooms
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Greek Tavern Properties LLC
Entity
Mailing address
4782 HILLSBOROUGH RD, GAINESVILLE, GA 30506-3140
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2023
—
Greek Tavern Properties LLC
Greek Tavern LLC
Quit Claim Deed
related
—
Nov 18, 2022
$600,000
Greek Tavern LLC
Rodolfo B Carrillo
Warranty Deed
—
—
—
Rodolfo B Carrillo
—
Deed Of Trust
related
$73,000 · Branch Banking & Trust Co
—
—
Carrillo,rodolfo B
—
Deed Of Trust
related
$94,200 · Branch Bk&tr
—
—
Rodolfo B Carrillo
—
Deed Of Trust
related
$50,500 · Branch Bk&tr
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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