Renovated Restaurant with Equipped
For Sale
$900,000
122 Main Street, Thomson, GA 30824
Commercial Sale, Thomson, GA
Property Size4,680 SF
Lot Size0.11 Acres
Price / SF$192.31
Days on Market45
Property Features for 122 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Parking features
Off Street
Directions
From Interstate 20 take Exit 172 South toward Thomson. Restaurant is in the city of Thomson, approximately three and a half to four miles from the Interstate
Standard status
Active
APN
0t31a008
Size
4,680 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Fee Simple Interest
Tax Annual Amount
4836
Legal Description
Fee Simple Interest
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1900
Flooring type
Concrete
Building materials
Brick
Listing Agency:
D C Lawrence Real Estate, Llc
(706) 863-3720
Listed By:
Donald C Lawrence · License #270289
(706) 825-4376
Added: Jul 17
Changed: Aug 20
Last Checked: Aug 30 at 9:06AM
MLS# 100589811
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Renovated restaurant property with a fully equipped and furnished kitchen, an established dining room, and included tables, chairs, and other furnishings. The dining area accommodates over 100 customers, while the sale also includes pots, pans, plates, glasses, and silverware. The building contains 4,680 square feet on a 0.11-acre lot and was built in 1900.
Constructed with brick and finished with concrete flooring, the property has electric heat, off-street parking, public water, and public sewer. B2 zoning supports its existing restaurant configuration. Located at 122 Main Street in Thomson, Georgia, the property offers an assembled restaurant setup with major dining, kitchen, and service components already in place.
Constructed with brick and finished with concrete flooring, the property has electric heat, off-street parking, public water, and public sewer. B2 zoning supports its existing restaurant configuration. Located at 122 Main Street in Thomson, Georgia, the property offers an assembled restaurant setup with major dining, kitchen, and service components already in place.
Key Highlights
- 4,680‑square‑foot restaurant building on a 0.11‑acre lot
- Dining room seats over 100 customers
- Fully equipped and furnished kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,987
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,099,740
$1.1M
Cap Rate 7%
$785,529
$785.5K
Cap Rate 9%
$610,967
$611.0K
Market Conditions
NOI Build-Up for 4,680 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$77.5K $16.56/SF
− Vacancy
−$4.2K −$0.89/SF
EGI
$73.3K $15.67/SF
− OpEx
−$18.3K −$3.92/SF
NOI
$55.0K $11.75/SF
Area
McDuffie County, GA
Vacancy
5.40%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,099,740
Cap Rate 7%
$785,529
Cap Rate 9%
$610,967
Alternative Uses
Best Use
Specialty Retail
$785.5K
$687.3K – $916.5K
NOI $54,987 @ 7.0% cap · market cap 6.11%
Second Best
Industrial
$420.9K
$368.3K – $491.1K
NOI $29,464 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,404 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,416 visits/mo
0.2 miles
Demographics for 30824, GA
16,832
Population
7,548
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
87%
High-School Grad
191.7 sq mi
ZIP Area
88
Density / Sq Mi
$54,214
Median Household Income
$35,804
Median Earnings
$810
Median Rent
$158,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated restaurant with furnished dining space, commercial kitchen equipment, and public utilities in place.
Where is this conventional restaurant located?
The property is located at 122 Main Street Thomson, GA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,680‑square‑foot restaurant building on a 0.11‑acre lot; Dining room seats over 100 customers; Fully equipped and furnished kitchen
