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    293 W Benjamin H Hill Dr Fitzgerald, GA 31750

    View on Map
    Sponsored
    For Sale
    $499,900

    COMMERCIAL - Fitzgerald, GA

    Property size:
    3,514 SF
    Lot size:
    1.50 Acres
    Days on Market:
    224
    Last Refresh:
    Mar 22 at 5:06 am

    Property Features for 293 W Benjamin H Hill Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    6 9 7
    Parking
    30
    Parking features
    Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Size
    3,514 SF
    Lot size
    1.50 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1989
    Flooring type
    Laminate, Hardwood
    Building materials
    Frame, Wood Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Lindy Bengston
    Lindy Bengston

    Keller Williams Realty Georgia Communities

    Listing agent Lindy Bengston

    Listing date Aug 11, 2025

    MLS# 10572978

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Cafe with Growth Potential

    Cafe Budapest, a well-established cafe in Fitzgerald, GA, is available for purchase, presenting a chance to own a successful restaurant business and the property it occupies. Operating for nearly 10 years, Cafe Budapest is known for its Hungarian-inspired lunch and dessert menu, featuring gourmet sandwiches, soups, pastries, cakes, pies, and ice cream. The business is situated on a 1.5-acre lot, offering space for future expansion or outdoor amenities. The building, fully renovated and equipped for restaurant use in 2016, combines charm with functionality. A front porch enhances the guest experience, and the interior dining area includes custom-made tables. The commercial kitchen is equipped with industrial refrigerators and freezers, chilled display cases, a salad bar, mixers, sandwich work stations, a bread oven, an ice machine, and an industrial hood system. This setup supports continued operation or expansion into new culinary offerings. Cafe Budapest is a turnkey business with community support and growth potential, suitable for restaurateurs or entrepreneurs looking to continue its current model or introduce their own culinary vision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cafe Budapest Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fitzgerald
    County
    Ben Hill
    State
    Georgia
    Longitude
    -83.263653
    Latitude
    31.692707

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    FAQs

    What type of property is this?
    Restaurant - Thriving cafe business and property for sale in Fitzgerald, GA.
    Where is this restaurant located?
    The property is located at 293 W Benjamin H Hill Dr Fitzgerald, GA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Turnkey, well-established restaurant business (Cafe Budapest) with a 10-year history of successful operation and strong community support.; - Includes both the thriving business and the 1.5-acre property it occupies, offering significant growth potential and expansion possibilities.; - Fully equipped commercial kitchen with industrial refrigerators/freezers, chilled display cases, salad bar, mixers, bread oven, ice machine, and industrial hood system.
    (229) 206-2713
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    293 W Benjamin H Hill Dr Fitzgerald, GA 31750
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    Fitzgerald, GA 31750
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    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
    293 W Benjamin H Hill Dr Fitzgerald, GA 31750
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    We can help!
    Listing Contact
    Lindy Bengston
    Lindy Bengston
    Real Estate License ID: 350373
    Learn More
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