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Property profile & analytics
OFF-MARKET
Estimated value
$3,460,000
Medical Office Space
500 Walnut Way Palmetto, GA 30268-2092
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1974428
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
WOOD
Total area
6,974 SF
Lot
2 ac (87,120 SF)
Zoning code
M1
APN
07 310000921013
UPID
US22-1974428
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
-
Rai Care Center Walnut Way - Palmetto Medical Clinic
-
ASHISH DHUNGEL Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$3.46M
Owner & transaction history
George Loriente · 4 yrs held
George Loriente
since 2022
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
M1 · Palmetto, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Amendments
Top alternative use upside
Apartment house (5+ units)
$4.8M
+123.3%
Restaurant
$3.7M
+72.9%
Neighborhood: shopping center
$2.3M
+5.8%
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 Palmetto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmetto 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
$3,395,000
ML approach
$3,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,165,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,840,000
Change: +123% · Conversion: Moderate
RESTAURANT
$3,745,000
Change: +73% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,290,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$3.46M
Range $3.11M – $3.81M · ±10% · vs last sale $3.48M (Jan 13 2022)
Last sale anchor
$3.48M
Jan 13 2022
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
$496 / 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
$37,786
Tax year 2023
Assessed value
$1,338,680
Assessed 2023
Previous assessed
$324,720
+312.3% YoY
Effective rate
2.82%
On assessed value
Assessed land
$59,400
Assessed improvement
$1,279,280
Land market value
$148,500
Improvement market value
$3,198,200
Total market value
$3,346,700
Applied tax rate
40.0000
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
2008
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
6,974 SF
Lot
2 ac (87,120 SF)
Zoning code
M1
APN
07 310000921013
UPID
US22-1974428
Jurisdiction
FULTON
Zoning & alternative use
M1 · Palmetto, GAZoning M1 · permitted uses
M1 · Palmetto, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Amendments
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
RESTAURANT
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
George Loriente
Individual
Mailing address
7306 E QUAIL TRAK RD, SCOTTSDALE, AZ 85266-7605
Ownership since
2022
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
Jan 13, 2022
$3,484,908
George Loriente
500 Walnut Way LLC
Warranty Deed
$1,650,000 · Standard Insurance
Oct 2, 2015
$2,658,200
500 Walnut Way LLC
Bama LLC
Warranty Deed
$1,375,000 · Lakeland Bk
Jul 30, 2008
$2,060,000
Bama LLC
Banban Palmetto LLC
Warranty Deed
related
$1,520,857 · Us Bank NA
Oct 24, 2007
$1,588,600
Banban Palmetto LLC
National Renal Alliance LLC
Warranty Deed
$1,191,402 · First Sec Bk/fayetteville Br
Apr 3, 2007
$299,000
National Renal Alliance LLC
Creel,william J
Grant Deed
$5,000,000 · Fifth Third Bk/nthrn
Mar 27, 2007
$299,000
National Renal Alliance LLC
Creel,william J
Grant Deed
—
—
—
Bama LLC
—
Loan Modification
related
$1,339,449 · Us Bank NA
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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