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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office Spaces
527 Newnan St Carrollton, GA 30117-3335
Entity Owned
~
Est. High Equity
Property ID
US22-0391906
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1992
Construction
STEEL FRAME
Total area
3,645 SF
Lot
0.25 ac (10,890 SF)
Zoning code
OI
APN
C05-006-0023
UPID
US22-0391906
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
-
John Dufour, Van Pelt & Dufour Law Firm Law Firm
-
Van Pelt & Dufour Law Firm Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$530k
Owner & transaction history
Gthomas Real Estate LLC
Gthomas Real Estate LLC
since 2025
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
OI · Carrollton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$615,000
+0.9%
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 Carrollton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carrollton 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
$525,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$680,000
7%
$635,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$610,000
Current use
RETAIL STORES
$615,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$565,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $400k (Nov 17 2023)
Last sale anchor
$400k
Nov 17 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
$145 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,568
Tax year 2023
Assessed value
$162,287
Assessed 2023
Previous assessed
$162,287
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$28,420
Assessed improvement
$133,867
Land market value
$71,050
Improvement market value
$334,668
Total market value
$405,718
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Total area
3,645 SF
Lot
0.25 ac (10,890 SF)
Zoning code
OI
APN
C05-006-0023
UPID
US22-0391906
Jurisdiction
CARROLL
Zoning & alternative use
OI · Carrollton, GA
Zoning OI · permitted uses
OI · Carrollton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carrollton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$610,000
RETAIL STORES
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$565,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1992
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Buildings
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Gthomas Real Estate LLC
Entity
Mailing address
527 NEWNAN ST, CARROLLTON, GA 30117-3335
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2025
$625,000
Gthomas Real Estate LLC
William Cruse Smith
Deed
$301,250 · Southern States Bank
Nov 17, 2023
—
Michael D Mcrae
Robert S Dufour
Quit Claim Deed
related
—
Aug 8, 2023
—
William C Smith
William C Smith
Warranty Deed
related
—
Aug 5, 2020
—
William C Smth
—
Deed
related
$296,300 · Harold E & Beverly D Fulford
Jun 26, 2019
—
William C Smith
—
Deed
related
$246,500 · Southern Sts Bk
Apr 13, 2018
$50,000
William C Smith
Boshart,john D
Grant Deed
$106,960 · South St Bk
Nov 17, 2016
—
John D Boshart
Shelnutt,darrell
Quitclaim Deed
related
—
Nov 10, 2014
—
John T Dufour
Dufour,john T & Robert S
Quit Claim Deed
related
—
Mar 1, 2010
$400,000
John T Dufour
R & M Van Pelt & Associates LP
Grant Deed
$300,000 · R&m Van Pelt & Associates LP
Feb 23, 2010
$400,000
John T Dufour
R & M Van Pelt & Associate
Grant Deed
$300,000 · R & M Van Pelt & Associates LP
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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