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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Medical Office Space
466 Grn NE St, Gainesville, GA 30501-3312
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0936594
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1950
Construction
STEEL FRAME
Total area
4,738 SF
Lot
0.55 ac (23,958 SF)
Zoning code
R-O
APN
01-024 -001-003
UPID
US22-0936594
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
-
Foot And Ankle Centers Of Ne Ga Medical Clinic
-
Summit Spine & Joint Centers - Gainesville Medical Clinic
-
Steven T. Arminio, DPM Physician
-
James B. Livingston, DPM Physician
-
Georgia Pain & Wellness Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$985k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Wilbanks Family Holdings LLC · 5 yrs held
Wilbanks Family Holdings LLC
since 2021
5 recorded transactions
Zoning & alternative use
R-O · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,010,000
Current use
AUTO REPAIR, GARAGE
$900,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$158 / 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
$13,899
Tax year 2024
Assessed value
$485,320
Assessed 2024
Previous assessed
$485,320
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$158,560
Assessed improvement
$326,760
Land market value
$396,400
Improvement market value
$816,900
Total market value
$1,213,300
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
1950
Construction
STEEL FRAME
Heating
YES
Rooms
39
Bathrooms
1
Total area
4,738 SF
Lot
0.55 ac (23,958 SF)
Zoning code
R-O
APN
01-024 -001-003
UPID
US22-0936594
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
MEDICAL BUILDING Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$900,000
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
1950
Construction
STEEL FRAME
Heating
YES
Rooms
39
Bathrooms
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Wilbanks Family Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1514 BLUE RDG DR NE, GAINESVILLE, GA 30501-1204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Nov 17, 2023
—
Wilbanks Family Holdings LLC A
—
Deed
related
$682,884 · Starlet Jones Family
Mar 18, 2021
—
Wilbanks Family Holdings LLC
Alex Wilbanks
Warranty Deed
—
Dec 30, 2020
$940,000
Alex Wilbanks
Starlett Jones Family LP
Grant Deed
$752,000 · Starlet Jones Family LP
Jun 24, 2019
$640,000
Starlet Jones Family LP
Stars Holding Co LLC
Grant Deed
—
May 17, 2018
—
Stars Holdings Co LLC
Arminio,steven T
Quit Claim Deed
related
—
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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