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Property profile & analytics
OFF-MARKET
Estimated value
$2,670,000
Office Spaces
600 Old Hull Rd Athens, GA 30601-1572
Individually Owned
2-yr Hold
Free & Clear
Property ID
US22-0979229
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1966
Total area
68,728 SF
Lot
5.41 ac (235,660 SF)
Zoning code
E-I
APN
16-2- -029
UPID
US22-0979229
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
-
Peterson Spring Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.22M
Blend (final)
Blend
$2.67M
Owner & transaction history
Fip Master Funding Xv · 2 yrs held
Fip Master Funding Xv
since 2023
Last sale
$2.6M
5 recorded transactions
Zoning & alternative use
E-I · Athens, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
$2,235,000
ML approach
$2,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±10% · vs last sale $2.62M (Nov 15 2023)
Last sale anchor
$2.62M
Nov 15 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
$39 / 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
$35,106
Tax year 2023
Assessed value
$1,123,400
Assessed 2023
Previous assessed
$1,123,400
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$162,300
Assessed improvement
$961,100
Land market value
$405,750
Improvement market value
$2,402,751
Total market value
$2,808,501
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
1966
Heating
CENTRAL
Cooling
CENTRAL
Total area
68,728 SF
Lot
5.41 ac (235,660 SF)
Zoning code
E-I
APN
16-2- -029
UPID
US22-0979229
Jurisdiction
CLARKE
Zoning & alternative use
E-I · Athens, GA
Zoning E-I · permitted uses
E-I · Athens, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Athens. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
CENTRAL
Cooling
Yes
Lot
5.41 ac
Current owner
From public records · entity-resolved
Fip Master Funding Xv
Individual
Free & Clear · 2 yrs held
Mailing address
600 OLD HULL RD, ATHENS, GA 30601-1572
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
$2,619,896
Fip Master Funding Xv
Fip Master Funding Viii LLC
Limited Warranty Deed
—
Mar 23, 2023
$2,648,725
Fip Master Funding Viii LLC
Fip Master Funding IV LLC
Warranty Deed
—
Oct 21, 2021
$2,832,745
Fip Master Funding IV LLC
Peterson American Corp
Warranty Deed
$400,000,000 · Citibank
May 1, 2019
—
Peterson American Corp
—
Deed
related
$40,000 · Jp Morgan Chase Bk
—
—
Peterson American Corp
—
Deed Of Trust
related
$40,000 · Jp Morgan Chase Bk
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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