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Property profile & analytics
OFF-MARKET
Office Spaces
604 Washington St Clarkesville, GA 30523-6039
Entity Owned
7-yr Hold
Property ID
US22-0483330
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1951
Construction
FRAME
Total area
3,427 SF
Lot
0.49 ac (21,344 SF)
Zoning code
PRO
APN
104 275A
UPID
US22-0483330
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
-
Homestar Financial Corporation Loan Service Bank
-
Smith Hulsey Law: Clarkesville Personal Injury, Wrongful Death, Workers’ Comp Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wellspring Holding Co LLC · 7 yrs held
Wellspring Holding Co LLC
since 2019
3 recorded transactions
Zoning & alternative use
PRO · Clarkesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Professional District is intended to establish and provide suitable areas for the development of offices and professional enterprises. This district is primarily intended to apply to properties along Washington Street where commercial development may be incompatible with adjacent or nearby residences but where existing residential dwellings may no longer…
Zone name
Professional District
General category
COMMERCIAL
Zone area
8.80 ac
Source
Realmo
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 Clarkesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clarkesville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,916
Tax year 2024
Assessed value
$73,804
Assessed 2024
Previous assessed
$64,476
+14.5% YoY
Effective rate
2.60%
On assessed value
Assessed land
$30,888
Assessed improvement
$42,916
Land market value
$77,220
Improvement market value
$107,290
Total market value
$184,510
Applied tax rate
2.0000
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
1951
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
3,427 SF
Lot
0.49 ac (21,344 SF)
Zoning code
PRO
APN
104 275A
UPID
US22-0483330
Jurisdiction
HABERSHAM
Zoning & alternative use
PRO · Clarkesville, GAZoning PRO · permitted uses
PRO · Clarkesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Professional District is intended to establish and provide suitable areas for the development of offices and professional enterprises. This district is primarily intended to apply to properties along Washington Street where commercial development may be incompatible with adjacent or nearby residences but where existing residential dwellings may no longer be viable for residential use
Zone name
Professional District
General category
COMMERCIAL
Zone area
8.80 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1951
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Wellspring Holding Co LLC
Entity
Mailing address
PO BOX 877, CLARKESVILLE, GA 30523-0015
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2019
—
Wellspring Holding Co LLC
Augustus Grant Hames
Warranty Deed
—
Apr 22, 2014
$130,000
Augustus Grant Hames
Herbert Clark Ruark
Warranty Deed
$129,908 · Hames Jefferson Davis
May 11, 2011
—
Herbert Clark Ruark
Herbert Clark Ruark
Deed
related
—
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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