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Property profile & analytics
OFF-MARKET
Estimated value
$2,540,000
Drug stores
472 Nes Enota Dr, Gainesville, GA 30501
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-0983814
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2005
Construction
STEEL FRAME
Total area
14,466 SF
Lot
2.27 ac (98,881 SF)
Zoning code
O-I
APN
01-064 -002-033
UPID
US22-0983814
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
$2.15M
CAP Approach
CAP
$2.57M
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$2.54M
Owner & transaction history
Groce Properties LLC · 4 yrs held
Groce Properties LLC
since 2021
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
O-I · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.1M
+51.1%
Auto repair, garage
$2.8M
+34.8%
Commercial (general)
$2.4M
+15.5%
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
$2,050,000
ML approach
$2,145,000
CAP Approach
CAP Return
Estimation
6%
$2,780,000
6.5%
$2,565,000
7%
$2,385,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,045,000
Current use
MEDICAL BUILDING
$3,090,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,755,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,360,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,240,000
Change: +10% · Conversion: Moderate
OFFICE BUILDING
$2,060,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$2.54M
Range $2.29M – $2.79M · ±10% · vs last sale $2.50M (Jul 19 2021)
Last sale anchor
$2.50M
Jul 19 2021
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
$176 / 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
$25,488
Tax year 2024
Assessed value
$890,000
Assessed 2024
Previous assessed
$987,164
-9.8% YoY
Effective rate
2.86%
On assessed value
Assessed land
$274,745
Assessed improvement
$615,255
Land market value
$686,863
Improvement market value
$1,538,137
Total market value
$2,225,000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Rooms
44
Bathrooms
2
Total area
14,466 SF
Lot
2.27 ac (98,881 SF)
Zoning code
O-I
APN
01-064 -002-033
UPID
US22-0983814
Jurisdiction
HALL
Zoning & alternative use
O-I · Gainesville, GA
Zoning O-I · permitted uses
O-I · 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
RETAIL STORES Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Rooms
44
Bathrooms
2
Lot
2.27 ac
Current owner
From public records · entity-resolved
Groce Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
$1,215,400
Groce Properties LLC
M & G Development Partnership
Warranty Deed
—
Jul 19, 2021
$2,497,600
Citizens Business Enterprises INC
M & G Development Partnership
Warranty Deed
—
Mar 17, 2005
$416,700
M & G Development Partnership
Walters,james A
Warranty Deed
$4,700,000 · Pnc Bk/oh
Mar 17, 2005
—
Walters,james A
Walhamir Associates
Warranty 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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