Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,615,000
Outlet malls
656 Dawsonville Hwy Gainesville, GA 30501-2612
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1767995
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Total area
30,199 SF
Lot
6.24 ac (271,814 SF)
Zoning code
G-B
APN
01-116 -001-004
UPID
US22-1767995
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
-
Paris Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.72M
CAP Approach
CAP
$5.36M
Comparable Approach
Comparable
$7.07M
Blend (final)
Blend
$7.62M
Owner & transaction history
Cc Westrook LLC · 4 yrs held
Cc Westrook LLC
since 2021
Last sale
$8.7M
7 recorded transactions
Zoning & alternative use
G-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+108.9%
Medical building
$6.5M
+51.1%
Auto repair, garage
$5.8M
+34.8%
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
Method
Estimation
Statistic approach
$7,145,000
ML approach
$8,715,000
CAP Approach
CAP Return
Estimation
6%
$5,805,000
6.5%
$5,355,000
7%
$4,975,000
Alternative Use
Use
Estimation
RESTAURANT
$8,915,000
Change: +109% · Conversion: Easy
MEDICAL BUILDING
$6,450,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,750,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,925,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,680,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$7.62M
Range $6.85M – $8.38M · ±10% · vs last sale $8.70M (Nov 12 2021)
Last sale anchor
$8.70M
Nov 12 2021
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
$252 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$94,468
Tax year 2024
Assessed value
$2,413,440
Assessed 2024
Previous assessed
$2,413,440
+0.0% YoY
Effective rate
3.91%
On assessed value
Assessed land
$833,600
Assessed improvement
$1,579,840
Land market value
$2,084,000
Improvement market value
$3,949,600
Total market value
$6,033,600
Applied tax rate
4.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2006
Heating
RADIANT
Total area
30,199 SF
Lot
6.24 ac (271,814 SF)
Zoning code
G-B
APN
01-116 -001-004
UPID
US22-1767995
Jurisdiction
HALL
Zoning & alternative use
G-B · Gainesville, GA
Zoning G-B · permitted uses
G-B · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
RADIANT
Lot
6.24 ac
Current owner
From public records · entity-resolved
Cc Westrook LLC
Entity
Mailing address
1111 METROPOLITAN AVE STE #700, CHARLOTTE, NC 28204-3424
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2021
$8,700,000
Cc Westrook LLC
B33 Westbrook Plaza LLC
Limited Warranty Deed
$6,300,000 · Life Insurance Of The Southwest
Sep 4, 2018
—
B33 Westbrook Plaza LLC
—
Deed
related
$4,500,000 · Iberiabank
Jun 7, 2018
—
B33 Westbrook Plaza LLC
—
Deed
related
$4,500,000 · Iberiabank
Jan 11, 2018
$6,500,000
B33 Westbrook Plaza LLC
Swm Westbrook LLC
Trustees Deed
—
Jan 12, 2007
$12,775,000
Swm Westbrook LLC
Mag II Gainesville LLC A G
Grant Deed
—
Sep 7, 2005
$3,800,000
Mag II Gainesville LLC
Evangel Assembly Of God Of Gaine
Grant Deed
$8,995,000 · Lasalle Bk
—
—
B33 Westbrook Plaza LLC
—
Deed Of Trust
related
$4,500,000 · Iberiabank
—
—
B33 Westbrook Plaza LLC
—
Deed Of Trust
related
$4,500,000 · Iberiabank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 656 Dawsonville Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
