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Property profile & analytics
FOR LEASE
Strip malls
950 Washington St NW Gainesville, GA 30501
Entity Owned
9-yr Hold
Free & Clear
Property ID
US22-1633434
For Lease
1 / 10
$1,210/Mo
950 Washington St NW, Gainesville, GA 30501
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
STEEL FRAME
Total area
9,832 SF
Lot
1.27 ac (55,321 SF)
Zoning code
N-B
APN
01-045 -001-013
UPID
US22-1633434
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
-
GDC Smiles Dental Office
-
Dr. Lia Gallo-Urrego, DDS Dental Office
-
Nationwide Insurance: Donna Casey Tanksley Insurance Agency
-
Gainesville West Shopping Center Shopping Center & Mall
-
MERLE NORMAN COSMETICS STUDIO Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Washington Corner LLC · 9 yrs held
Washington Corner LLC
since 2017
7 recorded transactions
Zoning & alternative use
N-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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,943
Tax year 2024
Assessed value
$269,280
Assessed 2024
Previous assessed
$248,240
+8.5% YoY
Effective rate
4.81%
On assessed value
Assessed land
$134,440
Assessed improvement
$134,840
Land market value
$336,100
Improvement market value
$337,100
Total market value
$673,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2007
Construction
STEEL FRAME
Heating
YES
Stories
1
Rooms
4
Bathrooms
1
Total area
9,832 SF
Lot
1.27 ac (55,321 SF)
Zoning code
N-B
APN
01-045 -001-013
UPID
US22-1633434
Jurisdiction
HALL
Zoning & alternative use
N-B · Gainesville, GA
Zoning N-B · permitted uses
N-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.
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
YES
Stories
1
Rooms
4
Bathrooms
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Washington Corner LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 2305, GAINESVILLE, GA 30503-2305
Ownership since
2017
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
Apr 1, 2024
—
Washington Corner LLC
—
Deed
related
$1,088,020 · Peach State Bank And Trust
Jan 31, 2017
—
Washington Corner LLC
Washington Plaza II LLC
Quit Claim Deed
related
—
May 4, 2016
—
Washington Corner LLC
Waldrip,jack
Quit Claim Deed
related
—
Mar 16, 2011
—
Washington Corner LLC
—
Deed Of Trust
related
$1,957,558 · United Community Bank
Mar 11, 2011
—
Washington Plaza II LLC
Washington Corner LLC
Quit Claim Deed
related
—
Sep 17, 2010
—
Washington Corner LLC
—
Trustees Deed
related
$4,651,006 · United Community Bank
Jun 3, 1998
$56,000
C Properties
Davenport,alton
Grant Deed
$59,142 · Gainesville Bank & Trust
—
—
Washington Corner LLC
—
Deed Of Trust
related
$1,954,448 · United Community Bank
—
—
Washington Corner LLC
—
Deed Of Trust
related
$1,957,558 · United Community 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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