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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Grocery and convenience stores
496 Nn Ave Athens, GA 30601-2255
Entity Owned
5-yr Hold
Free & Clear
Property ID
US22-0843109
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1974
Construction
FRAME
Total area
3,838 SF
Lot
1.25 ac (54,450 SF)
Zoning code
C-G
APN
16-4- -013-B
UPID
US22-0843109
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
-
Hangar 54 Pizza Restaurant
-
Champs Chicken Restaurant
-
Nisha retail Inc Gas Station
-
Amoco Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$650k
Owner & transaction history
Petro Ventures LLC · 5 yrs held
Petro Ventures LLC
since 2021
Last sale
$675,000
5 recorded transactions
Zoning & alternative use
C-G · Athens, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$495,000
+51.3%
Commercial (general)
$485,000
+49.0%
Retail stores
$465,000
+42.5%
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
$470,000
ML approach
$485,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$495,000
Change: +51% · Conversion: Moderate
COMMERCIAL (GENERAL)
$485,000
Change: +49% · Conversion: Easy
RETAIL STORES
$465,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $675k (Jan 21 2021)
Last sale anchor
$675k
Jan 21 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
$169 / 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
$19,844
Tax year 2023
Assessed value
$635,021
Assessed 2023
Previous assessed
$635,020
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$293,560
Assessed improvement
$341,460
Land market value
$733,901
Improvement market value
$853,651
Total market value
$1,587,552
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Total area
3,838 SF
Lot
1.25 ac (54,450 SF)
Zoning code
C-G
APN
16-4- -013-B
UPID
US22-0843109
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
OFFICE BUILDING
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$485,000
RETAIL STORES
Est. value
$465,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1974
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Lot
1.25 ac
Current owner
From public records · entity-resolved
Petro Ventures LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5095 JEFFERSON RD STE #120, ATHENS, GA 30607-1753
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
Jan 21, 2021
$675,000
Petro Ventures LLC
North Athens Outlot LLC
Warranty Deed
—
Dec 14, 2018
—
North Athens Outlot LLC
Sea 124 LLC
Quit Claim Deed
—
Jul 17, 2015
—
Sea 124 LLC
Mb Reo-ga Retail LLC
Quit Claim Deed
related
—
Jul 17, 2015
$1,900,000
Sea 124 LLC
Mb Reo-ga Retail LLC
Grant Deed
—
Jul 11, 2011
$4,840,000
Mb Reo-ga Retail LLC
North Avenue Partners LLC
Trustees Deed
—
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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