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Property profile & analytics
OFF-MARKET
Office buildings
644 Banks St Gainesville, GA 30501-4359
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0865143
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Construction
STEEL FRAME
Total area
884 SF
Lot
0.17 ac (7,405 SF)
Zoning code
PUD
APN
01-029 -001-023
UPID
US22-0865143
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
-
First Financial Services Loan Service
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
Georgia Financial Services INC · 3 yrs held
Georgia Financial Services INC
since 2023
Last sale
$291,000
7 recorded transactions
Zoning & alternative use
PUD · Gainesville, 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 Gainesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gainesville 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
$3,242
Tax year 2024
Assessed value
$113,220
Assessed 2024
Previous assessed
$82,840
+36.7% YoY
Effective rate
2.86%
On assessed value
Assessed land
$42,160
Assessed improvement
$71,060
Land market value
$105,400
Improvement market value
$177,650
Total market value
$283,050
Applied tax rate
18.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1910
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
1
Total area
884 SF
Lot
0.17 ac (7,405 SF)
Zoning code
PUD
APN
01-029 -001-023
UPID
US22-0865143
Jurisdiction
HALL
Zoning & alternative use
PUD · Gainesville, GA
Zoning PUD · permitted uses
PUD · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Georgia Financial Services INC
Entity
Free & Clear · 3 yrs held
Mailing address
505 JESSE JEWELL PKWY SW, GAINESVILLE, GA 30501-4223
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2023
—
Georgia Financial Services INC
—
Deed
related
$200,000 · Peach State Bank And Trust
Apr 21, 2023
$291,000
Georgia Financial Services INC
Sunshine Commercial Properties LLC
Warranty Deed
—
Dec 1, 2021
$161,000
Sunshine Commercial Properties LLC
Lctl Properties LLC
Warranty Deed
—
Aug 15, 2019
$100,000
Lctl Properties LLC
R & M Rental Properties LLC
Grant Deed
$80,000 · R & M Rental Properties LLC
Aug 30, 2016
$100,000
R & M Rental Properties LLC
David Pierce Family LP
Warranty Deed
—
Mar 21, 2012
$70,800
David Pierce Family LP
Millwood,oma & Larry J
Warranty Deed
$65,723 · Oma & Larry J Millwood
—
—
Millwood,oma & Larry J
—
Deed Of Trust
related
$100,000 · Bank Of America California NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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