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Property profile & analytics
OFF-MARKET
Estimated value
$4,250,000
Hotels
500 College Ave Athens, GA 30601-2634
Entity Owned
21-yr Hold
Free & Clear
Property ID
US22-0819944
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Total area
83,755 SF
Lot
1.7 ac (74,052 SF)
Zoning code
C-D
APN
16-3-D3 R-001
UPID
US22-0819944
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
-
Rialto Club Hotel Indigo Wedding Service
-
Tesla Destination Charger Electric Vehicle Charging Station
-
ATM Atm
-
Hotel Indigo Athens Downtown - Univ Area, an IHG Hotel Hotel & Motel
-
The Madison Bar and Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.25M
Owner & transaction history
Athens Downtown Ventures LLC · 21 yrs held
Athens Downtown Ventures LLC
since 2004
3 recorded transactions
Zoning & alternative use
C-D · Athens, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
uilding footprints, driveways, walkways and other paved or otherwise impervious areas are included in this calculation. Different zones have varying maximum lot coverage requirements, from 100% allowable coverage in the C-D (commercial-downtown) zone to 10% in the AR (Agricultural Residential) zone. MADISON ATHENS-CLARKE OCONEE REGIONAL TRANSPORTATION STUDY…
Zone name
Commercial Downtown
General category
COMMERCIAL
Zone area
182.51 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$51 / 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
$280,929
Tax year 2023
Assessed value
$8,600,132
Assessed 2023
Previous assessed
$8,600,132
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$1,703,196
Assessed improvement
$6,896,936
Land market value
$4,257,990
Improvement market value
$17,242,340
Total market value
$21,500,330
Applied tax rate
3.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2008
Heating
NONE
Cooling
CENTRAL
Buildings
3
Total area
83,755 SF
Lot
1.7 ac (74,052 SF)
Zoning code
C-D
APN
16-3-D3 R-001
UPID
US22-0819944
Jurisdiction
CLARKE
Zoning & alternative use
C-D · Athens, GAZoning C-D · permitted uses
C-D · Athens, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
uilding footprints, driveways, walkways and other paved or otherwise impervious areas are included in this calculation. Different zones have varying maximum lot coverage requirements, from 100% allowable coverage in the C-D (commercial-downtown) zone to 10% in the AR (Agricultural Residential) zone. MADISON ATHENS-CLARKE OCONEE REGIONAL TRANSPORTATION STUDY (MACORTS) MACORTS was formed in 1969 and includes all of Athens-Clarke County and t
Zone name
Commercial Downtown
General category
COMMERCIAL
Zone area
182.51 ac
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Cooling
Yes
Buildings
3
Lot
1.7 ac
Current owner
From public records · entity-resolved
Athens Downtown Ventures LLC
Entity
Free & Clear · 21 yrs held
Mailing address
500 COLLEGE AVE, ATHENS, GA 30601-2634
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2019
—
Athens Downtown Ventures LLC
—
Deed
related
$9,500,000 · Synovus Bk
Dec 15, 2004
$1,950,000
Athens Downtown Ventures LLC
Abs-first Step INC
Grant Deed
—
—
—
Athens Downtown Ventures LLC
—
Deed Of Trust
related
$9,500,000 · Synovus Bk
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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