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Property profile & analytics
OFF-MARKET Estimated value $1,775,000
Retail space

526 Pearl Nix Pkwy Gainesville, GA 30501-6167

18,491 SF 0.98 ac lot Built 1986
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US22-0977018
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1986
Construction STEEL FRAME
Total area 18,491 SF
Lot 0.98 ac (42,689 SF)
Zoning code N-B
APN 01-126 -011-013
UPID US22-0977018
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.19M
Blend (final) Blend
$1.78M
Owner & transaction history
Exxenium Investments INC
Exxenium Investments INC
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
N-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Standard O-I N-B C-B R-B G-B L-I H-I Table Notes: A “-“ in a cell = Not Permitted *Additional density may be allowed by the Governing Body with approval of a Special Use. **Required zoning buffers may be reduced in width with installation of a structural buffer as provided in Chapter 13-1. CITY OF GAINESVILLE, GA | Unified Land Development Code

Zone name Neighborhood Business
General category COMMERCIAL
Zone area 140.44 ac
Source ARTICLE 9-1
Top alternative use upside
Neighborhood: shopping center $2.9M +9.6%
Office building $2.6M +0.9%
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