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Property profile & analytics
OFF-MARKET
Estimated value
$2,880,000
Medical Office Space
485 Hwy 29th N, Athens, GA 30601-5583
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-0800955
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Construction
STEEL FRAME
Total area
9,444 SF
Lot
1 ac (43,560 SF)
Zoning code
C-G
APN
15-4- -038-H
UPID
US22-0800955
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
$3.08M
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.88M
Owner & transaction history
Lane Creek Investments LLC · 6 yrs held
Lane Creek Investments LLC
since 2020
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
C-G · Athens, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+65.6%
Commercial (general)
$2.8M
+21.5%
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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
$3,410,000
ML approach
$3,080,000
CAP Approach
CAP Return
Estimation
6%
$2,040,000
6.5%
$1,885,000
7%
$1,750,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,265,000
Current use
RESTAURANT
$3,755,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,755,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$2.88M
Range $2.59M – $3.17M · ±10% · vs last sale $2.94M (Mar 24 2020)
Last sale anchor
$2.94M
Mar 24 2020
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
$305 / 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
$21,988
Tax year 2023
Assessed value
$703,601
Assessed 2023
Previous assessed
$703,601
+0.0% YoY
Effective rate
3.13%
On assessed value
Assessed land
$216,000
Assessed improvement
$487,601
Land market value
$540,000
Improvement market value
$1,219,003
Total market value
$1,759,003
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Total area
9,444 SF
Lot
1 ac (43,560 SF)
Zoning code
C-G
APN
15-4- -038-H
UPID
US22-0800955
Jurisdiction
CLARKE
Zoning & alternative use
C-G · Athens, GA
Zoning C-G · permitted uses
C-G · Athens, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Athens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.3M
RESTAURANT
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$2.8M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1995
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Lot
1 ac
Current owner
From public records · entity-resolved
Lane Creek Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1280 SNOWS ML RD, BOGART, GA 30622-2777
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2020
$2,939,600
Lane Creek Investments LLC
Burgess Family Ents LLC
Grant Deed
—
Jul 16, 2018
—
Burgess Family Ents LLC
—
Deed
related
$1,652,624 · First Madison Bk&tr
Jun 7, 2018
$2,200,000
Burgess Family Ents LLC
C & B Whitehead Prop Lllp
Grant Deed
$1,652,624 · First Madison Bk&tr
Sep 27, 2017
—
C & B Whitehead Prop Lllp
Cook,h A
Quit Claim Deed
related
—
Jan 31, 2006
—
R E Mason Family Lllp
Suntrust Bk
Quit Claim Deed
related
—
—
—
C & B Whitehead Properties Lllp|re Mason Family Ll
—
Deed Of Trust
related
$1,000,000 · First Madison Bk&tr
—
—
Burgess Family Ents LLC
—
Deed Of Trust
related
$1,652,624 · First Madison 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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