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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Banks
854 Washington NW St Gainesville, GA 30501-3540
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1136680
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1990
Construction
STEEL FRAME
Total area
13,476 SF
Lot
0.98 ac (42,689 SF)
Zoning code
POD
APN
01-026 -001-028
UPID
US22-1136680
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
-
Ameris Bank Bank Loan Service
-
USA Telecom Insurance Services Insurance Agency
-
Hamilton State Bank Bank Loan Service
-
Nancy Day - Ameris Bank Mortgage Loan Service Bank
-
James Maddox - Ameris Bank Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$604k
Blend (final)
Blend
$620k
Owner & transaction history
Lebow 1031 Gainesville LLC · 1 yrs held
Lebow 1031 Gainesville LLC
since 2024
Last sale
$621,100
7 recorded transactions
Zoning & alternative use
POD · 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
$620,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$955,000
Current use
MEDICAL BUILDING
$915,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$895,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $621k (Dec 30 2024)
Last sale anchor
$621k
Dec 30 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
$46 / 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
$20,645
Tax year 2024
Assessed value
$720,880
Assessed 2024
Previous assessed
$1,012,600
-28.8% YoY
Effective rate
2.86%
On assessed value
Assessed land
$100,327
Assessed improvement
$620,553
Land market value
$250,818
Improvement market value
$1,551,382
Total market value
$1,802,200
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Rooms
89
Bathrooms
2
Total area
13,476 SF
Lot
0.98 ac (42,689 SF)
Zoning code
POD
APN
01-026 -001-028
UPID
US22-1136680
Jurisdiction
HALL
Zoning & alternative use
POD · Gainesville, GA
Zoning POD · permitted uses
POD · 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
FINANCIAL BUILDING Current
Est. value
$955,000
MEDICAL BUILDING
Est. value
$915,000
WAREHOUSE, STORAGE
Est. value
$895,000
FINANCIAL BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1990
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Rooms
89
Bathrooms
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Lebow 1031 Gainesville LLC
Entity
Free & Clear · 1 yrs held
Mailing address
65 ORIENTAL BLVD APT 9C, BROOKLYN, NY 11235-4918
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
—
Lebow 1031 Gainesville LLC
Lebow 1031 Milton LLC
Quitclaim Deed
related
—
Oct 1, 2024
$621,100
Cecs Holdings LLC
Dinov 2020 Family Trust
Warranty Deed
—
Oct 1, 2024
—
Cecs Holdings LLC
Dinov 2020 Family Trust
Quitclaim Deed
related
—
Oct 1, 2024
$1,793,800
Lebow 1031 Milton LLC
Dinov 2020 Family Trust
Warranty Deed
—
Aug 20, 2020
—
Dinov 2020 Family Trust
Ralph Dinov
Quit Claim Deed
related
$1,350,000 · Ameris Bk
Jan 9, 2018
—
Ralph Dinov
—
Deed
related
$1,300,000 · Peach State Bank & Trust
Dec 27, 2017
$1,221,600
John Ritenour
Wsi LLC
Grant Deed
—
Jul 13, 2005
$1,700,000
Wsi LLC
Branch Banking & Trust Company
Grant Deed
—
—
—
Wsi LLC
—
Deed Of Trust
related
$1,329,867 · Hamilton State Bank
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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