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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Office buildings
505 Grn NW St Gainesville, GA 30501-3313
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1610233
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
STEEL FRAME
Total area
4,222 SF
Lot
0.54 ac (23,522 SF)
Zoning code
R-O
APN
01-040 -004-030
UPID
US22-1610233
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
-
The Law Offices of Blake A. Poole, LLC Law Firm
-
Green Street Counseling Physician Medical Clinic
-
DCP Trucking Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$735k
Blend (final)
Blend
$780k
Owner & transaction history
Dpe Poole House LLC · 2 yrs held
Dpe Poole House LLC
since 2023
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
R-O · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$900,000
+49.8%
Auto repair, garage
$805,000
+33.6%
Commercial (general)
$690,000
+14.4%
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
$805,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$930,000
7%
$860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$600,000
Current use
MEDICAL BUILDING
$900,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$805,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$690,000
Change: +14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$595,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $800k (Nov 2 2023)
Last sale anchor
$800k
Nov 2 2023
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
$185 / 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
$9,060
Tax year 2024
Assessed value
$316,360
Assessed 2024
Previous assessed
$281,720
+12.3% YoY
Effective rate
2.86%
On assessed value
Assessed land
$154,240
Assessed improvement
$162,120
Land market value
$385,600
Improvement market value
$405,300
Total market value
$790,900
Applied tax rate
4.0000
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
1920
Construction
STEEL FRAME
Heating
YES
Rooms
87
Bathrooms
4
Total area
4,222 SF
Lot
0.54 ac (23,522 SF)
Zoning code
R-O
APN
01-040 -004-030
UPID
US22-1610233
Jurisdiction
HALL
Zoning & alternative use
R-O · Gainesville, GA
Zoning R-O · permitted uses
R-O · 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
OFFICE BUILDING Current
Est. value
$600,000
MEDICAL BUILDING
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$690,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
RETAIL STORES
Est. value
$595,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1920
Construction
STEEL FRAME
Heating
YES
Rooms
87
Bathrooms
4
Lot
0.54 ac
Current owner
From public records · entity-resolved
Dpe Poole House LLC
Entity
Mailing address
8650 FORRESTER RD NW, LULA, GA 30554-2302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
—
Dpe Poole House LLC
—
Deed
related
$336,000 · Small Business Access Partners
Nov 2, 2023
$800,000
Dpe Poole House LLC
Grace Grace Holdings LLC
Warranty Deed
$411,000 · Peach State Bank And Trust
Jun 29, 2021
$550,000
Grace Grace Holdings LLC
Walters Income Properties LP
Warranty Deed
$440,000 · United Community Bank
Jun 29, 2021
—
Walters Income Properties LP
K Walters Holdings LLC
Warranty Deed
—
Jan 5, 2017
$525,000
Walters Income Properties LP
Emh Property Management LLC
Warranty Deed
—
—
—
H Wayne Clark
—
Deed Of Trust
related
$760,833 · Hamilton State Bank
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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