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Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Office buildings
7980 Macon Hwy Watkinsville, GA 30677-2044
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-4652693
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
STEEL FRAME
Total area
24,080 SF
Lot
2.55 ac (111,078 SF)
Zoning code
B-2
APN
C-03-017-E
UPID
US22-4652693
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
-
Athens Micro IT Consulting Firm (Bike/Boat/Book/etc) Store
-
ATHENS COMMERCIAL PRINTERS INC Marketing & Advertising Printing Service
-
Burman Printing (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$2.87M
Owner & transaction history
Oconee Mercantile LLC · 1 yrs held
Oconee Mercantile LLC
since 2025
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
B-2 · Watkinsville, 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 Watkinsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watkinsville 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
OFFICE BUILDING
$4,090,000
Current use
Blend value · Realmo final
$2.87M
Range $2.58M – $3.16M · ±10% · vs last sale $3.00M (Oct 21 2024)
Last sale anchor
$3.00M
Oct 21 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
$119 / 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
$16,148
Tax year 2023
Assessed value
$752,678
Assessed 2023
Previous assessed
$752,678
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$168,300
Assessed improvement
$584,378
Land market value
$420,750
Improvement market value
$1,460,946
Total market value
$1,881,696
Applied tax rate
1.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
24,080 SF
Lot
2.55 ac (111,078 SF)
Zoning code
B-2
APN
C-03-017-E
UPID
US22-4652693
Jurisdiction
OCONEE
Zoning & alternative use
B-2 · Watkinsville, GA
Zoning B-2 · permitted uses
B-2 · Watkinsville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Watkinsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.1M
OFFICE BUILDING Current
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
1977
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
2.55 ac
Current owner
From public records · entity-resolved
Oconee Mercantile LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2986 FLT ROCK RD, WATKINSVILLE, GA 30677-2958
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 21, 2025
—
Oconee Mercantile LLC
N & C LLC
Quitclaim Deed
related
—
Jan 21, 2025
$3,000,000
Oconee Mercantile LLC
N & C LLC
Warranty Deed
$3,000,000 · N&c
Jul 16, 2007
$430,000
N & C LLC
Georgia Medical Busn Svcs INC
Warranty Deed
—
Jul 16, 2007
$300,000
Georgia Medical Busn Svcs INC
Webb,ronda S
Warranty Deed
—
Jul 16, 2007
$1,616,700
N & C LLC
Webb,ronda S
Warranty Deed
$758,486 · Afb&t
Jun 27, 2007
—
Ronda S Webb
Ixthus LLC
Warranty Deed
related
—
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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