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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Office Spaces
662 61st Hwy, Villa Rica, GA 30180-5038
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-1947341
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2004
Construction
STEEL FRAME
Total area
10,408 SF
Lot
2.15 ac (93,654 SF)
Zoning code
GC
APN
V07-010-0164
UPID
US22-1947341
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
$3.00M
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$3.00M
Owner & transaction history
Douglas Hospital INC · 2 yrs held
Douglas Hospital INC
since 2024
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
GC · Villa Rica, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.5M
+91.1%
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 Villa Rica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Villa Rica 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
$3,000,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
$2,110,000
6.5%
$1,945,000
7%
$1,805,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,340,000
Current use
MEDICAL BUILDING
$4,470,000
Change: +91% · Conversion: Easy
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $3.00M (Apr 23 2024)
Last sale anchor
$3.00M
Apr 23 2024
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
$288 / 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
$18,293
Tax year 2023
Assessed value
$583,891
Assessed 2023
Previous assessed
$583,891
+0.0% YoY
Effective rate
3.13%
On assessed value
Assessed land
$257,500
Assessed improvement
$326,391
Land market value
$643,750
Improvement market value
$815,978
Total market value
$1,459,728
Applied tax rate
3.0000
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
2004
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Total area
10,408 SF
Lot
2.15 ac (93,654 SF)
Zoning code
GC
APN
V07-010-0164
UPID
US22-1947341
Jurisdiction
CARROLL
Zoning & alternative use
GC · Villa Rica, GA
Zoning GC · permitted uses
GC · Villa Rica, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Villa Rica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$4.5M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
2004
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Lot
2.15 ac
Current owner
From public records · entity-resolved
Douglas Hospital INC
Entity
Free & Clear · 2 yrs held
Mailing address
662 HIGHWAY, 61, GA
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2024
$3,000,000
Douglas Hospital INC
Richard S Cangemi
Warranty Deed
—
Apr 23, 2024
—
Douglas Hospital INC
Richard S Cangemi
Quit Claim Deed
related
—
Feb 4, 2011
—
Richard Cangemi
Community Bk/w Ga
Grant Deed
related
—
Jan 31, 2011
—
Richard S Cangemi
Federal,deposit Insurance
Grant Deed
related
—
Aug 8, 2005
$3,056,000
Community Bk & W Ga
Community Land Dev LLC
Warranty Deed
related
—
—
—
Community Land Dev LLC
—
Deed Of Trust
related
$3,060,000 · Nexity Bank
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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