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Property profile & analytics
OFF-MARKET
Estimated value
$2,735,000
Medical Office Space
425 Broad SE St Gainesville, GA 30501-3751
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1427260
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1948
Construction
STEEL FRAME
Total area
8,382 SF
Lot
0.51 ac (22,216 SF)
Zoning code
G-B
APN
01-008 -001-013
UPID
US22-1427260
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
-
Xrays Hospital
-
Lyles Craig R MD Physician
-
MRI Imaging of Georgia Medical Clinic
-
Northside Gainesville Imaging Physician Medical Clinic
-
Haun Cosmo MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.74M
Owner & transaction history
H&g Hofer LLC · 2 yrs held
H&g Hofer LLC
since 2023
Last sale
$2.7M
5 recorded transactions
Zoning & alternative use
G-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+38.2%
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
$2,755,000
ML approach
$2,725,000
CAP Approach
CAP Return
Estimation
6%
$1,890,000
6.5%
$1,745,000
7%
$1,620,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,790,000
Current use
RESTAURANT
$2,475,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$2.74M
Range $2.46M – $3.01M · ±10% · vs last sale $2.73M (Oct 20 2023)
Last sale anchor
$2.73M
Oct 20 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
$326 / 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
$28,710
Tax year 2024
Assessed value
$1,002,480
Assessed 2024
Previous assessed
$717,480
+39.7% YoY
Effective rate
2.86%
On assessed value
Assessed land
$176,000
Assessed improvement
$826,480
Land market value
$440,000
Improvement market value
$2,066,200
Total market value
$2,506,200
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
1948
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Rooms
32
Bathrooms
2
Total area
8,382 SF
Lot
0.51 ac (22,216 SF)
Zoning code
G-B
APN
01-008 -001-013
UPID
US22-1427260
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
$1.8M
RESTAURANT
Est. value
$2.5M
MEDICAL BUILDING Current
RESTAURANT
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
1948
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Rooms
32
Bathrooms
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
H&g Hofer LLC
Entity
Free & Clear · 2 yrs held
Mailing address
425 PO BOX 901ST ST SE, ROSWELL, GA 30077-0901
Mailing matches property
Yes
Owner-occupied
Yes
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
Oct 20, 2023
$2,730,000
H&g Hofer LLC
Broad Street Development Group LLC
Warranty Deed
—
Jul 2, 2019
—
Broad Street Dev Group LLC
—
Deed
related
$998,941 · Ameris Bk
Jan 14, 2019
—
Broad Street Dev Group LLC
—
Trustees Deed
related
$100,000 · Ameris Bk
Jan 3, 2011
—
Street Dev Broad
—
Trustees Deed
related
$50,000 · Branch Banking & Trust Co
—
—
Broad Street Dev Group LLC
—
Loan Modification
related
$998,941 · Ameris Bk
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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