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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Auto shops
Athens Hwy Gainesville, GA 30507
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-3364064
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1975
Construction
STEEL FRAME
Total area
45,960 SF
Lot
7.5 ac (326,700 SF)
Zoning code
L-I
APN
15-022D-000-006
UPID
US22-3364064
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.21M
Owner & transaction history
Mka Properties LLC · 4 yrs held
Mka Properties LLC
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
L-I · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(1) It is located in a Light Industrial (L-I) or Heavy Industrial (H-I) zoning district; or (2) It is located on the same property as a business or organization with a 501(c)(3) designation. (b) Where approved, community donation boxes shall be located flush against a building wall and shall be maintained on a regular basis in compliance with the Unified Lan…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,470.39 ac
Source
ARTICLE 9-1
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
$1,120,000
ML approach
$1,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.11M (Oct 14 2021)
Last sale anchor
$1.11M
Oct 14 2021
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
$26 / 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
$25,452
Tax year 2024
Assessed value
$888,720
Assessed 2024
Previous assessed
$888,720
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$176,400
Assessed improvement
$712,320
Land market value
$441,000
Improvement market value
$1,780,800
Total market value
$2,221,800
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Total area
45,960 SF
Lot
7.5 ac (326,700 SF)
Zoning code
L-I
APN
15-022D-000-006
UPID
US22-3364064
Jurisdiction
HALL
Zoning & alternative use
L-I · Gainesville, GAZoning L-I · permitted uses
L-I · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(1) It is located in a Light Industrial (L-I) or Heavy Industrial (H-I) zoning district; or (2) It is located on the same property as a business or organization with a 501(c)(3) designation. (b) Where approved, community donation boxes shall be located flush against a building wall and shall be maintained on a regular basis in compliance with the Unified Land Development Code and Code of Ordinances of the City of Gainesville.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,470.39 ac
Source
ARTICLE 9-1
Building & site characteristics
From public records
Year built
1975
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Lot
7.5 ac
Current owner
From public records · entity-resolved
Mka Properties LLC
Entity
Mailing address
GAINESVILLE, GA 30503
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
—
Mka Properties LLC
Michael K Allison
Limited Warranty Deed
$3,392,500 · Vfs Us
Oct 14, 2021
$1,107,500
Blaine Allison
Blaine Allison
Warranty Deed
related
—
Apr 7, 2020
—
Michael K Allison
—
Deed
related
$2,000,000 · Peach St Bk
Dec 29, 2017
—
Gainesville Truck Center INC
—
Grant Deed
related
$2,000,000 · Peach St Bk
Sep 16, 2011
—
Michael K Allison
—
Trustees Deed
related
$431,250 · Branch Banking & Trust Co
—
—
Michael K Allison
—
Deed Of Trust
related
$759,271 · Independence Bk/ga
—
—
Gainesville Truck Center INC
—
Deed Of Trust
related
$601,703 · Peach St Bk
—
—
Michael K Allison
—
Loan Modification
related
$2,000,000 · Peach St Bk
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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