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Property profile & analytics
OFF-MARKET
Estimated value
$9,265,000
Medical Office Space
721 Wellness Way Lawrenceville, GA 30046-3304
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1005792
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
WOOD
Total area
22,032 SF
Lot
2.03 ac (88,427 SF)
Zoning code
OI-OFFICE-INSTITUTIONAL
APN
7-009 -065
UPID
US22-1005792
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
-
Abbey Nix Gilbert Physician
-
Dr. Cindy Grines Physician
-
Henry Liberman Physician
-
Wayne L Ambroze M.D. Physician Medical Clinic
-
Mohammed Jaafar Atta Al Fayyadh, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.66M
Blend (final)
Blend
$9.27M
Owner & transaction history
Cpi Ahp 10 Lawrenceville I Mob Owne · 3 yrs held
Cpi Ahp 10 Lawrenceville I Mob Owne
since 2022
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
OI-OFFICE-INSTITUTIONAL · Lawrenceville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.4M
+42.5%
Auto repair, garage
$9.8M
+34.8%
Apartment house (5+ units)
$7.8M
+6.3%
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 Lawrenceville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrenceville 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
$10,300,000
ML approach
$10,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,305,000
Current use
RESTAURANT
$10,410,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,845,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,765,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$5,950,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$9.27M
Range $8.34M – $10.19M · ±10% · vs last sale $8.60M (Sep 22 2022)
Last sale anchor
$8.60M
Sep 22 2022
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
$421 / 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
$63,738
Tax year 2023
Assessed value
$1,985,600
Assessed 2023
Previous assessed
$1,985,600
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$131,560
Assessed improvement
$1,854,040
Land market value
$328,900
Improvement market value
$4,635,100
Total market value
$4,964,000
Applied tax rate
6.0000
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
2004
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Total area
22,032 SF
Lot
2.03 ac (88,427 SF)
Zoning code
OI-OFFICE-INSTITUTIONAL
APN
7-009 -065
UPID
US22-1005792
Jurisdiction
GWINNETT
Zoning & alternative use
OI-OFFICE-INSTITUTIONAL · Lawrenceville, GA
Zoning OI-OFFICE-INSTITUTIONAL · permitted uses
OI-OFFICE-INSTITUTIONAL · Lawrenceville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lawrenceville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$7.3M
RESTAURANT
Est. value
$10.4M
AUTO REPAIR, GARAGE
Est. value
$9.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
RETAIL STORES
Est. value
$6.0M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.03 ac
Current owner
From public records · entity-resolved
Cpi Ahp 10 Lawrenceville I Mob Owne
Individual
Mailing address
1001 PENNSYLVANIA AVE NW, WASHINGTON, DC 20004-2505
Ownership since
2022
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
Sep 22, 2022
$8,600,000
Cpi Ahp 10 Lawrenceville I Mob Owne
Chp Lawrenceville Mob LLC
Warranty Deed
—
Mar 19, 2019
—
Chp Lawrenceville Mob LLC
Sirvi LLC
Quit Claim Deed
related
—
Mar 19, 2019
$5,400,000
Chp Lawrenceville Mob LLC
Sirvi LLC
Grant Deed
$8,100,000 · Synovus Bk
Jul 12, 2016
—
Sirvi LLC
—
Deed
related
$3,200,000 · National Bk/commerce
Mar 26, 2004
$400,000
Sirvi LLC
Machine Holdings LLC
Grant Deed
related
$2,634,000 · Atlanta Business Bank
—
—
Sirvi LLC
—
Deed Of Trust
related
$3,440,000 · Countrywide Com'l R E Fin
—
—
Sirvi LLC
—
Deed Of Trust
related
$3,200,000 · National Bk/commerce
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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