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Property profile & analytics
OFF-MARKET
Estimated value
$10,130,000
Office buildings
4851 Bill Gardner Pkwy 4899 Locust Grove, GA 30248-3644
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1415988
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
STEEL FRAME
Total area
27,900 SF
Lot
2.04 ac (88,645 SF)
Zoning code
C2
APN
128-01001000
UPID
US22-1415988
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
-
Locust Grove Medical Complex Hospital
-
Coleman Smith Physician
-
Vein Specialists of the South Physician Hospital
-
Ralph Delius Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.21M
CAP Approach
CAP
$6.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.13M
Owner & transaction history
Locust 4865 Apl Rkc LLC · 5 yrs held
Locust 4865 Apl Rkc LLC
since 2021
Last sale
$10.1M
7 recorded transactions
Zoning & alternative use
C2 · Locust Grove, 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 Locust Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Locust Grove 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
$10,100,000
ML approach
$10,210,000
CAP Approach
CAP Return
Estimation
6%
$6,640,000
6.5%
$6,130,000
7%
$5,695,000
Blend value · Realmo final
$10.13M
Range $9.12M – $11.14M · ±10% · vs last sale $10.10M (Jan 6 2021)
Last sale anchor
$10.10M
Jan 6 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
$363 / 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
$47,197
Tax year 2024
Assessed value
$1,341,160
Assessed 2024
Previous assessed
$1,341,160
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$354,560
Assessed improvement
$986,600
Land market value
$886,400
Improvement market value
$2,466,500
Total market value
$3,352,900
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
4
Total area
27,900 SF
Lot
2.04 ac (88,645 SF)
Zoning code
C2
APN
128-01001000
UPID
US22-1415988
Jurisdiction
HENRY
Zoning & alternative use
C2 · Locust Grove, GA
Zoning C2 · permitted uses
C2 · Locust Grove, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Locust Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
4
Lot
2.04 ac
Current owner
From public records · entity-resolved
Locust 4865 Apl Rkc LLC
Entity
Mailing address
1 TOWN CTR RD STE #300, BOCA RATON, FL 33486-1014
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2021
$10,100,000
Locust 4865 Apl Rkc LLC
Hpiii Atlanta LLC
Grant Deed
$36,900,000 · Cit Bk NA
Jun 17, 2019
$8,200,000
Hpiii Atlanta LLC
Grove Medical Complex LLC
Trustees Deed
$5,810,000 · Cit Bk NA
—
—
Locust Grove Medical Complex L
—
Loan Modification
related
$4,909,347 · Heritage Bk
—
—
Locust Grove Medical Complex L
—
Loan Modification
related
$565,000 · Heritage Bk
—
—
Locust Grove Medical Complex L
—
Loan Modification
related
$4,371,500 · Heritage Bank
—
—
Locust Grove Medical Complex L
—
Deed Of Trust
related
$300,000 · Heritage Bank
—
—
Locust Grove Medical Complex LLC
—
Deed Of Trust
related
$4,000,000 · Park Avenue Bk
—
—
Locust Grove Medical Complex L
—
Deed Of Trust
related
$565,000 · Heritage Bk-madison St Clarksv
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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