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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Retail space
51 Grv N St Dahlonega, GA 30533-0423
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2185875
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
CONCRETE
Total area
7,734 SF
Lot
0.36 ac (15,682 SF)
Zoning code
CBD
APN
D11 043
UPID
US22-2185875
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
-
GrapeVine's Casual Italian Dining Restaurant
-
H&R Block Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Lanier Restaurant Management Group · 3 yrs held
Lanier Restaurant Management Group
since 2023
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
CBD · Dahlonega, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this Article is to establish and preserve a compact central business district convenient and attractive for a wide range of retail uses, business transactions, government and professional offices, places of amusement, employment activities, and services to the public designed primarily to meet the day-to-day shopping and service needs of reside…
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
33.75 ac
Source
Realmo
Top alternative use upside
Office building
$1.2M
+52.1%
Restaurant
$915,000
+16.4%
Commercial (general)
$890,000
+13.3%
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 Dahlonega submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dahlonega 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
$1,100,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$785,000
Current use
OFFICE BUILDING
$1,195,000
Change: +52% · Conversion: Easy
RESTAURANT
$915,000
Change: +16% · Conversion: Easy
COMMERCIAL (GENERAL)
$890,000
Change: +13% · Conversion: Easy
MEDICAL BUILDING
$770,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$690,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $1.10M (Feb 13 2023)
Last sale anchor
$1.10M
Feb 13 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
$144 / 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
$7,263
Tax year 2024
Assessed value
$251,955
Assessed 2024
Previous assessed
$251,955
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$82,497
Assessed improvement
$169,458
Land market value
$206,242
Improvement market value
$423,645
Total market value
$629,887
Applied tax rate
2.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
CONCRETE
Heating
SPACE
Stories
1
Total area
7,734 SF
Lot
0.36 ac (15,682 SF)
Zoning code
CBD
APN
D11 043
UPID
US22-2185875
Jurisdiction
LUMPKIN
Zoning & alternative use
CBD · Dahlonega, GAZoning CBD · permitted uses
CBD · Dahlonega, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this Article is to establish and preserve a compact central business district convenient and attractive for a wide range of retail uses, business transactions, government and professional offices, places of amusement, employment activities, and services to the public designed primarily to meet the day-to-day shopping and service needs of residents of the City of Dahlonega.
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
33.75 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$785,000
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$890,000
MEDICAL BUILDING
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$690,000
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1965
Construction
CONCRETE
Heating
SPACE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Lanier Restaurant Management Group
Entity
Mailing address
1000 OLD DAWSON VLG RD E BLDG #1, DAWSONVILLE, GA 30534-3809
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2023
$1,100,000
Lanier Restaurant Management Group
Jerry Murl Butler
Warranty Deed
$1,019,810 · Access To Campital For Enterpreneur
Mar 9, 2012
—
Jerry Murl Butler
Butler,grady Herbert
Quit Claim Deed
related
—
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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