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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Medical Office Space
698 Milledge Ave Athens, GA 30605-1251
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4712398
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1961
Total area
4,522 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C-O
APN
12-2-D4 F-026
UPID
US22-4712398
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
-
Five Points Eye Care Physician
-
Jon L. Forche, OD Physician
-
Meg Brya, O.D., F.C.O.V.D. Physician
-
Nadine G. Forché, O.D., M.S., F.A.A.O. Physician
-
Nadine Greer Forche' Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$900k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Jnf Properties LLC · 19 yrs held
Jnf Properties LLC
since 2007
3 recorded transactions
Zoning & alternative use
C-O · Athens, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to stabilize, improve and protect the characteristics of those areas providing commercial commodities and services
Zone name
Commercial Office
General category
COMMERCIAL
Zone area
507.91 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 Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$975,000
6.5%
$900,000
7%
$835,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,085,000
Current use
COMMERCIAL (GENERAL)
$885,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
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
$146 / 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
$11,943
Tax year 2023
Assessed value
$382,183
Assessed 2023
Previous assessed
$382,183
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$147,200
Assessed improvement
$234,983
Land market value
$368,000
Improvement market value
$587,458
Total market value
$955,458
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1961
Heating
CENTRAL
Cooling
CENTRAL
Total area
4,522 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C-O
APN
12-2-D4 F-026
UPID
US22-4712398
Jurisdiction
CLARKE
Zoning & alternative use
C-O · Athens, GAZoning C-O · permitted uses
C-O · Athens, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to stabilize, improve and protect the characteristics of those areas providing commercial commodities and services
Zone name
Commercial Office
General category
COMMERCIAL
Zone area
507.91 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$885,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
1961
Heating
CENTRAL
Cooling
Yes
Lot
0.46 ac
Current owner
From public records · entity-resolved
Jnf Properties LLC
Entity
Mailing address
340 CEDAR CRK DR, ATHENS, GA 30605-3312
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Aug 14, 2017
—
Jnf Properties LLC
—
Trustees Deed
related
$105,000 · State Bk&tr
Jan 8, 2007
$825,000
Jnf Properties LLC
Pease,robert B III
Warranty Deed
related
$825,000 · Robert B III Pease
—
—
Jnf Properties LLC
—
Deed Of Trust
related
$55,499 · State Bk&tr
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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