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Property profile & analytics
OFF-MARKET
Estimated value
$2,390,000
Retail space
4604 Old Cool Spgs Rd Gainesville, GA 30506-2561
Individually Owned
1-yr Hold
Free & Clear
Property ID
US22-0842421
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Total area
9,240 SF
Lot
1.9 ac (82,764 SF)
Zoning code
H-B
APN
10-054 -000-022
UPID
US22-0842421
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
$2.39M
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$2.39M
Owner & transaction history
Dewey C White · 1 yrs held
Dewey C White
since 2024
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
H-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ARTICLE 9-1
Top alternative use upside
Restaurant
$2.9M
+105.4%
Medical building
$1.9M
+37.6%
Commercial (general)
$1.9M
+33.6%
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
$2,390,000
ML approach
$2,390,000
CAP Approach
CAP Return
Estimation
6%
$1,775,000
6.5%
$1,640,000
7%
$1,520,000
Alternative Use
Use
Estimation
RESTAURANT
$2,850,000
Change: +105% · Conversion: Easy
MEDICAL BUILDING
$1,910,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,855,000
Change: +34% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,760,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$1,515,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±10% · vs last sale $2.39M (Aug 26 2024)
Last sale anchor
$2.39M
Aug 26 2024
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
$259 / 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
$14,227
Tax year 2024
Assessed value
$575,280
Assessed 2024
Previous assessed
$576,080
-0.1% YoY
Effective rate
2.47%
On assessed value
Assessed land
$76,000
Assessed improvement
$499,280
Land market value
$190,000
Improvement market value
$1,248,200
Total market value
$1,438,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2020
Heating
RADIANT
Total area
9,240 SF
Lot
1.9 ac (82,764 SF)
Zoning code
H-B
APN
10-054 -000-022
UPID
US22-0842421
Jurisdiction
HALL
Zoning & alternative use
H-B · Gainesville, GAZoning H-B · permitted uses
H-B · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ARTICLE 9-1
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.5M
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE 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
2020
Heating
RADIANT
Lot
1.9 ac
Current owner
From public records · entity-resolved
Dewey C White
Individual
Free & Clear · 1 yrs held
Mailing address
4604 OLD COOL SPGS RD NE, GAINESVILLE, GA 30506-2561
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Aug 26, 2024
$40,026
Dewey C White
Karen M White
Warranty Deed
related
—
Feb 16, 2022
$2,387,520
White Repair & Contracting Co
Sw Gainesville Hwy 136 LLC
Limited Warranty Deed
—
Oct 17, 2005
—
Johnson,rheta L & Randy
Johnson,rheta L
Quit Claim Deed
related
—
Oct 17, 2005
$145,000
Johnson,rheta L
Hamby,jimmy
Warranty Deed
—
Mar 29, 2004
$70,000
Hamby,jimmy
Chestatee State Bank
Grant Deed
$70,784 · Chestatee St 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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