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    Property profile & analytics

    7316 Tribble Gap Rd Alto, GA 30510-2108

    • Grocery and convenience stores
    • 2,300 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4239679
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hasty Mart Chevron / Gas Station
    • Hunt Brothers Pizza / Restaurant
    • LibertyX Bitcoin ATM / Atm
    • Chevron / Gas Station

    Property Details for 7316 Tribble Gap Rd

    Year built
    1988
    Lot size
    2.00 lot acres
    Property size
    2,300 SF
    Zone code
    PCD
    Property type
    Grocery and convenience stores
    APN
    09-030 -000-032
    APU
    9030000032

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $560,000
      6.5%
      $515,000
      7%
      $480,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $355,000
      Current use
      COMMERCIAL (GENERAL)
      $645,000
      Change: +81% Conversion: Easy
      AUTO REPAIR, GARAGE
      $480,000
      Change: +35% Conversion: Difficult
      MEDICAL BUILDING
      $460,000
      Change: +28% Conversion: Difficult
      OFFICE BUILDING
      $370,000
      Change: +3% Conversion: Moderate
      RETAIL STORES
      $355,000
      Change: -1% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alto
    County
    Hall
    State
    Georgia
    Longitude
    -83.6455
    Latitude
    34.4285
    CBSA code
    23580
    CBSA name
    GAINESVILLE, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,052
    $119,760
    $125,560
    $245,320
    -
    $299,400
    $313,900
    $613,300

    Comparable in this City

    • Value Estimation
      $1,510,000
      6,880 SF

      3834 State Hwy 365

      CONVENIENCE STORE • 6,880 SF
      3834 State Hwy 365, Alto, GA 30510-2910
      View Details
    • Value Estimation by Request
      5,000 SF

      3705 Gainesville Hwy

      CONVENIENCE STORE • 5,000 SF
      3705 Gainesville Hwy, Alto, GA 30510-4104
      View Details
    • Value Estimation
      $3,485,000
      2,800 SF

      5804 Cornelia Hwy

      CONVENIENCE STORE • 2,800 SF
      5804 Cornelia Hwy, Alto, GA 30510-2214
      View Details
    • Value Estimation by Request
      2,560 SF

      3951 State Hwy 365

      CONVENIENCE STORE • 2,560 SF
      3951 State Hwy 365, Alto, GA 30510-2914
      View Details
    • Value Estimation by Request
      2,232 SF

      7584 Bill Wilson Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,232 SF
      7584 Bill Wilson Rd, Alto, GA 30510-2000
      View Details
    • Value Estimation by Request
      4,314 SF

      4964 Old Hwy 441st N

      RETAIL STORES (PERSONAL SERVICES) • 4,314 SF
      4964 Old Hwy 441st N, Alto, GA 30510-5308
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,480 SF

      Alto, GA Dollar General Market

      NNN leased Dollar General Market store in Alto, Georgia.
      3241 Gainesville Hwy, Alto, GA 30510
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    • $799,000
      Pending

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      Versatile 10,829 SF commercial building on 1.19 acres.
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      Alto, GA Commercial Opportunity

      Adaptable commercial building on a high-traffic corner lot.
      155 S Grant St, Alto, GA 30510
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    • $175,000
      6.80 Acres

      Alto GA Wooded Land

      Almost 7 acre wooded land in North Georgia countryside.
      Pebble Creek Ln, Alto, GA 30510
      View Details
    • $129,900
      7.66 Acres

      Serene Wooded Land Parcel

      7.6 acre wooded parcel with creek, utilities, and graded drive.
      230 Harmony Valley Dr, Alto, GA 30510
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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      New Retail Space Available

      New retail space for lease, completion estimated March 2025.
      416 Wilbanks Rd, Alto, GA 30510
      View Details
    • Contact for pricing
      111,042 SF

      Highway 365 Retail/Warehouse Space

      Retail and warehouse spaces available along Highway 365.
      126-318 Anderson Cir, Alto, GA 30510
      View Details
    • Contact for pricing
      183,542 SF

      Renovated Industrial Facility with Docks

      Recently renovated industrial facility featuring multiple docks and heavy power.
      2850 Gainesville Hwy, Alto, GA 30510
      View Details
    • Contact for pricing
      466,857 SF

      Gainesville Hwy Warehouse Space

      Large industrial warehouse, Alto, GA
      2850 Gainesville Hwy, Alto, GA 30510
      View Details
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    7316 Tribble Gap Rd
    Alto, GA 30510-2108
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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