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Property profile & analytics
OFF-MARKET
Estimated value
$16,335,000
Medical Office Space
725 Jesse Jewell SE Pkwy, Gainesville, GA 30501-3834
Entity Owned
17-yr Hold
Free & Clear
Property ID
US22-1498071
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Total area
140,805 SF
Lot
3.74 ac (162,914 SF)
Zoning code
G-B
APN
01-022 -001-004
UPID
US22-1498071
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
-
Adam Smith Physician
-
Long Street Clinic Surgery Department Gym & Fitness Center
-
Margaret Alisa Davis M.D., Ph.D., FACS Physician
-
Wilson Haley B Physician
-
Medical center Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.34M
Owner & transaction history
City Of Gainesville Georgia · 17 yrs held
City Of Gainesville Georgia
since 2009
7 recorded transactions
Zoning & alternative use
G-B · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$26,810,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$16.34M
Range $14.70M – $17.97M · ±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
$116 / 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
$274,988
Tax year 2024
Assessed value
$9,602,040
Assessed 2024
Previous assessed
$9,598,656
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$507,920
Assessed improvement
$9,094,120
Land market value
$1,269,800
Improvement market value
$22,735,300
Total market value
$24,005,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Heating
YES
Cooling
CENTRAL
Bathrooms
4
Total area
140,805 SF
Lot
3.74 ac (162,914 SF)
Zoning code
G-B
APN
01-022 -001-004
UPID
US22-1498071
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
AUTO REPAIR, GARAGE
Est. value
$26.8M
AUTO REPAIR, GARAGE
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
1986
Heating
YES
Cooling
Yes
Bathrooms
4
Lot
3.74 ac
Current owner
From public records · entity-resolved
City Of Gainesville Georgia
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 422, GAINESVILLE, GA 30503-0422
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2020
—
Medical Arts Properties 2o LP
—
Deed
related
—
Feb 22, 2019
—
Medical Arts Properties 2o LP
—
Deed
related
—
Sep 17, 2018
—
Medical Arts Properties LP
—
Deed
related
$2,136,835 · Branch Bk&tr
Sep 10, 2018
—
Medical Arts Properties LP
—
Grant Deed
related
$1,500,000 · Branch Bk&tr
Jun 2, 2017
—
Medical Arts Properties LP
—
Deed
related
$4,700,000 · Branch Bk&tr
Mar 5, 2012
—
Medical Arts Properties L P
—
Grant Deed
related
$2,146,000 · Branch Bk&tr
Jun 25, 2009
—
City Of Gainesville Georgia
Medical Arts Properties LP
Grant Deed
related
—
—
—
Medical Arts Properties 2o LP
—
Loan Modification
related
—
—
—
Medical Arts Properties L P
—
Deed Of Trust
related
$227,300 · Branch Banking & Trust Co
—
—
Medical Arts Properties 2o LP
—
Loan Modification
related
—
—
—
Medical Arts Properties LP
—
Deed Of Trust
related
$4,700,000 · Branch Bk&tr
—
—
Medical Arts Properties LP
—
Loan Modification
related
$2,136,835 · Branch Bk&tr
—
—
Medical Arts Properties 2 0 LP
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
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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