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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    526 Pearl Nix Pkwy Gainesville, GA 30501-6167

    • Retail space
    • 18,491 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimations
    $1,775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0977018
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Barnes and Howell Insurance / Insurance Agency
    • Carroll & Associates Michael E / Law Firm
    • Quick Jobs Staffing LLC / Employment Agency
    • Fn'J Insurance / Insurance Agency
    • DolEx Dollar Express / Bank / Credit Union

    Property Details for 526 Pearl Nix Pkwy

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    0.98 lot acres
    Property size
    18,491 SF
    Zone code
    N-B
    Property type
    Retail space
    APN
    01-126 -011-013
    APU
    1126011013

    Description

    This exceptional 7,800 square foot office building, located at 526 Pearl Nix Parkway in Gainesville, Georgia, presents a unique investment opportunity. The property is zoned for Neighborhood Business use and features a single-tenant occupancy. The building offers a mix of first-floor medical office space and second-floor general office space. Each suite boasts its own private restroom, and a complete renovation is underway, including fresh paint and new flooring throughout. The building enjoys high visibility and accessibility along the heavily trafficked Pearl Nix Parkway, with three convenient points of ingress and egress. Ample parking is provided with 65 spaces available for tenants and visitors. The location is highly desirable, situated just 2.8 miles from I-985 Exit 20, 1.5 miles from Downtown Gainesville, 1.9 miles from Brenau University, and 2.2 miles from the Northeast Georgia Medical Center. Gainesville-Hall County's strong economic performance is further underscored by its recent recognition as the top small metro area in Georgia and a top 10 performer nationally (2023 Milken Institute Report). This property offers a blend of convenience, visibility, and access to a thriving community, making it an ideal location for a variety of businesses. The building's modern amenities and strategic location combine to create a compelling opportunity for a discerning tenant seeking a high-quality office space in a rapidly growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,188,000
      Market price range: $1.23M - $4.37M
      AI Estimate
      $1,205,000
      Market price range: $670k - $2.30M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,610,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,865,000
      Change: +10% Conversion: Moderate
      OFFICE BUILDING
      $2,635,000
      Change: +1% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.8415
    Latitude
    34.2851
    CBSA code
    23580
    CBSA name
    GAINESVILLE, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $21,388
    $85,360
    $661,480
    $746,840
    -
    $213,400
    $1,653,700
    $1,867,100

    Comparable in this City

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    • Value Estimation by Request
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      1156 Davis St

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      979 Dawsonville Hwy

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    • Value Estimation
      $840,000
      5,500 SF

      1200 Jesse Jewell SW Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 5,500 SF
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      1528 Park Hl Dr

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    • Value Estimation
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      6,368 SF

      124 Sww Academy SW St

      RETAIL STORES (PERSONAL SERVICES) • 6,368 SF
      124 Sww Academy SW St, Gainesville, GA 30501-3559
      View Details

    Similar Nearby for Sale

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      Gainesville Retail/Warehouse Building For Sale

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    Similar Nearby for Lease

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      Downtown Gainesville Commercial Opportunity

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    • $5 SF/Yr
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      Gainesville Retail Land - 0.52 Acres

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    • $38 SF/Yr
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      Gainesville Restaurant - Turnkey Opportunity

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      400 Pearl Nix Pkwy, Gainesville, GA 30501
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      High-traffic retail space, flexible lease options.
      250 Dawsonville Hwy, Gainesville, GA 30501
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    526 Pearl Nix Pkwy
    Gainesville, GA 30501-6167
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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