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Property profile & analytics
OFF-MARKET
Estimated value
$210,000
Office Spaces
601 Vernon St Lagrange, GA 30240-3057
Entity Owned
2-yr Hold
Property ID
US22-1203082
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1920
Total area
2,294 SF
Lot
0.31 ac (13,504 SF)
Zoning code
16- TN-MX
APN
0614B023001
UPID
US22-1203082
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$220k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$210k
Owner & transaction history
Alexandria LLC · 2 yrs held
Alexandria LLC
since 2023
Last sale
$212,500
4 recorded transactions
Zoning & alternative use
16- TN-MX · Lagrange, 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 Lagrange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lagrange 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
$210,000
ML approach
$220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$210k
Range $189k – $231k · ±10% · vs last sale $213k (Dec 12 2023)
Last sale anchor
$213k
Dec 12 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
$92 / 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
$2,006
Tax year 2023
Assessed value
$73,540
Assessed 2023
Previous assessed
$73,540
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$14,000
Assessed improvement
$59,540
Land market value
$35,000
Improvement market value
$148,850
Total market value
$183,850
Applied tax rate
16.0000
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
1920
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
8
Bathrooms
1
Total area
2,294 SF
Lot
0.31 ac (13,504 SF)
Zoning code
16- TN-MX
APN
0614B023001
UPID
US22-1203082
Jurisdiction
TROUP
Zoning & alternative use
16- TN-MX · Lagrange, GAZoning 16- TN-MX · permitted uses
16- TN-MX · Lagrange, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Alexandria LLC
Entity
Mailing address
601 VERNON ST, LAGRANGE, GA 30240-3057
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2023
$212,500
Alexandria LLC
Bryan Brand LLC
Warranty Deed
$170,000 · Bryan Brand
Dec 29, 2021
—
Bryan Brand LLC
W W Pete Bryan
Administrators Deed
—
—
—
W W Pete Bryan
—
Deed Of Trust
related
$152,500 · Branch Banking & Trust Co
—
—
Ww Pete Bryan
—
Deed Of Trust
related
$156,000 · Charter One Mortgage Corp
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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