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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Grocery and convenience stores
5011 Mt Vernon Rd Gainesville, GA 30506-2769
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US22-4617779
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2007
Total area
5,000 SF
Lot
2.25 ac (98,010 SF)
Zoning code
S-S
APN
11-016 -000-002
UPID
US22-4617779
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
-
Texaco Auto Repair Shop
-
Western Union Bank Credit Union
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Hunt Brothers Pizza Restaurant
-
ATM (ATM Link, Inc.) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Janu 2016 LLC · 9 yrs held
Janu 2016 LLC
since 2016
7 recorded transactions
Zoning & alternative use
S-S · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+99.2%
Medical building
$1.0M
+33.5%
Commercial (general)
$1.0M
+29.6%
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 Gainesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gainesville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,215,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Current use
RESTAURANT
$1,545,000
Change: +99% · Conversion: Difficult
MEDICAL BUILDING
$1,035,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,005,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$950,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$820,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$750,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10%
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
$204 / 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
$10,872
Tax year 2024
Assessed value
$439,280
Assessed 2024
Previous assessed
$441,280
-0.5% YoY
Effective rate
2.47%
On assessed value
Assessed land
$108,000
Assessed improvement
$331,280
Land market value
$270,000
Improvement market value
$828,200
Total market value
$1,098,200
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2007
Heating
NONE
Total area
5,000 SF
Lot
2.25 ac (98,010 SF)
Zoning code
S-S
APN
11-016 -000-002
UPID
US22-4617779
Jurisdiction
HALL
Zoning & alternative use
S-S · Gainesville, GA
Zoning S-S · permitted uses
S-S · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$775,000
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$950,000
OFFICE BUILDING
Est. value
$820,000
RETAIL STORES
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2007
Heating
NONE
Lot
2.25 ac
Current owner
From public records · entity-resolved
Janu 2016 LLC
Entity
Mailing address
5011 MT VERNON RD, GAINESVILLE, GA 30506-2769
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Sep 29, 2016
$450,000
Janu 2016 LLC
Foothills Cmnty Bk
Grant Deed
$114,077 · Private Individual
Dec 6, 2011
$990,100
First Citizens Bk Of Ga
Premier Dev Ents INC
Trustees Deed
related
—
Jul 16, 2007
$420,000
Nadiya Alibhai
Kinlaw,jackie
Grant Deed
—
Jul 16, 2007
—
Nadiya Alibhai
Clark,larry
Grant Deed
related
—
Jul 6, 2007
—
Nadiya Alibhai
Berry,homer Lee
Grant Deed
related
—
Apr 22, 2005
$245,000
Alibhai,nadiya
Nivens,james T
Warranty Deed
$220,000 · James T Nivens
—
—
Premier Dev Ents INC
—
Deed Of Trust
related
$1,071,129 · First Citizens Bank
—
—
Premier Development Enterprise
—
Deed Of Trust
related
$1,110,000 · First Citizens Bank Georgia
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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