Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    935 Grn NE St Gainesville, GA 30501

    • Drug stores
    • 4,080 SF
    • 0.66 lot acres
    OFF-MARKET
    Last Sale
    Sep 15, 2020
    $750,000
    Value Estimations
    $695,000
    Show details
    Cap Rate Potential
    6.8%
    Drug stores
    Location Intelligence
    Property ID
    US22-1434336
    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

    • Riverside Pharmacy & Gift Nook / Pharmacy
    • Scottie Barton / Pharmacy
    • Riverside Health Mart Pharmacy / Pharmacy

    Property Details for 935 Grn NE St

    Year built
    1967
    Construction
    STEEL FRAME
    Lot size
    0.66 lot acres
    Property size
    4,080 SF
    Zone code
    N-B
    Property type
    Drug stores
    APN
    01-068 -001-007
    APU
    1068001007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $695,000
      ML approach
      $775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $785,000
      6.5%
      $725,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $892,000
      Market price range: $271k - $965k
      AI Estimate
      $491,000
      Market price range: $148k - $509k

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.8282
    Latitude
    34.313
    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
    $8,724
    $141,440
    $163,200
    $304,640
    -
    $353,600
    $408,000
    $761,600

    Comparable in this City

    • Value Estimation
      $2,070,000
      14,466 SF

      472 Nes Enota Dr

      DRUG STORE, PHARMACY • 14,466 SF
      472 Nes Enota Dr, Gainesville, GA 30501
      View Details
    • Value Estimation
      $375,000
      10,182 SF

      103 Jesse Jewell SW Pkwy

      DRUG STORE, PHARMACY • 10,182 SF
      103 Jesse Jewell SW Pkwy, Gainesville, GA 30501-4321
      View Details
    • Value Estimation
      $2,550,000
      10,831 SF

      1400 Park Hl Dr

      DRUG STORE, PHARMACY • 10,831 SF
      1400 Park Hl Dr, Gainesville, GA 30501-1948
      View Details
    • Value Estimation
      $250,000
      4,774 SF

      631 Broad SE St

      DRUG STORE, PHARMACY • 4,774 SF
      631 Broad SE St, Gainesville, GA 30501-3729
      View Details
    • Value Estimation
      $385,000
      7,884 SF

      1318 Browns Brg Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,884 SF
      1318 Browns Brg Rd, Gainesville, GA 30501-6171
      View Details
    • Value Estimation
      $260,000
      1,744 SF

      1156 Davis St

      RETAIL STORES (PERSONAL SERVICES) • 1,744 SF
      1156 Davis St, Gainesville, GA 30501-6715
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      29,070 SF

      Gainesville Retail Storefront

      Prime Retail Space - 29,070 SF
      1963 Jesse Jewell Pkwy, Gainesville, GA 30501
      View Details
    • $1,875,000
      6,443 SF

      Gainesville Commercial Opportunity

      Two-building property in downtown Gainesville with flexible space.
      511 Main St SW, Gainesville, GA 30501
      View Details
    • New
      $285,000
      0.35 Acres

      Gainesville Commercial Property For Sale

      Renovated commercial property in high-traffic area, suitable for small business.
      8 Jones St, Gainesville, GA 30501
      View Details
    • New
      $210,000
      704 SF

      Gainesville Commercial Property For Sale

      Commercial property in Gainesville, GA, with highway business zoning.
      11 Jones St, Gainesville, GA 30501
      View Details
    • $890,000
      1,680 SF

      Gainesville Commercial Lot and Shop

      Renovated shop on a large lot in downtown Gainesville.
      844 Bradford St SW, Gainesville, GA 30501
      View Details
    • $499,900
      2,190 SF

      Gainesville Auto Shop Opportunity

      Established auto/body shop in high-traffic Gainesville location.
      1410 Westside Dr, Gainesville, GA 30501
      View Details

    Similar Nearby for Lease

    • $13,960 /Mo
      6,443 SF

      Downtown Gainesville Commercial Opportunity

      Two-building property in downtown Gainesville with retail and warehouse space.
      511 Main St SW, Gainesville, GA 30501
      View Details
    • Contact for pricing
      2,437 SF

      Retail Space in Gainesville Plaza

      Retail space in high-traffic Gainesville location near national retailers.
      656-670 Dawsonville Hwy, Gainesville, GA 30501
      View Details
    • $5 SF/Yr
      22,651 SF

      Gainesville Retail Land - 0.52 Acres

      Prime Gainesville retail lot, single tenant.
      943 Jesse Jewell Pkwy, Gainesville, GA 30501
      View Details
    • Contact for pricing
      16,000 SF

      Gainesville Restaurant - Prime Location

      16,000 SF Restaurant, Ample Parking
      104 Main St, Gainesville, GA 30501
      View Details
    • $16 SF/Yr
      10,700 SF

      Gainesville Retail Space: Dawsonville Hwy

      High-traffic retail space, flexible lease options.
      250 Dawsonville Hwy, Gainesville, GA 30501
      View Details
    • Contact for pricing
      35,350 SF

      Gainesville Retail Center Opportunity

      High-traffic retail space available in Gainesville, GA
      975 Dawsonville Hwy, Gainesville, GA 30501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    935 Grn NE St
    Gainesville, GA 30501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.