Historic Three-Story Restaurant
For Sale
$1,325,000
37 E Main Street, Buford, GA 30518
Commercial Sale, Buford, GA
Property Size9,170 SF
Lot Size0.08 Acres
Price / SF$144.49
Days on Market472
Property Features for 37 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, On Street, Covered
Lot features
City Lot, Interior Lot, Level, Rail
Directions
Located in the heart of Downtown Buford, directly adjacent to the city's new parking deck and green space, and just a couple of miles from I-985.
Standard status
Active
APN
R7295 018
Size
9,170 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6874
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1880
Building materials
Brick
Listing Agency:
Norton Commercial Acreage Group
(770) 297-4800
Listed By:
Patrick M Cisco · License #376088
(404) 772-8608
Added: May 16, 2025
Changed: Aug 19
Last Checked: Aug 30 at 11:06PM
MLS# 10539881
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.
Investment Insights
Based on property information with market context.
Built in 1880, this brick restaurant property occupies approximately 9,170 square feet across three floors on a 0.08-acre parcel. The building currently houses 37 Main Rock Cafe and two additional second-floor tenants, with the property reported as 100% leased. Central heating and central air support the existing improvements, while public water and public sewer serve the site.
The property is located at 37 E Main Street in Buford’s historic district, among restaurants, breweries, and retailers. Parking includes a dedicated lot, covered parking, and on-street options. The building’s prior uses include a Lodge Hall and the Allen Department Store, providing a documented historic background for the current restaurant configuration.
The property is located at 37 E Main Street in Buford’s historic district, among restaurants, breweries, and retailers. Parking includes a dedicated lot, covered parking, and on-street options. The building’s prior uses include a Lodge Hall and the Allen Department Store, providing a documented historic background for the current restaurant configuration.
Key Highlights
- Approximately 9,170 square feet across three floors
- Built in 1880 with brick construction
- 100% leased with 37 Main Rock Cafe and two second‑floor tenants
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
$106,530
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
8.04%
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%
$2,130,600
$2.1M
Cap Rate 7%
$1,521,857
$1.5M
Cap Rate 9%
$1,183,667
$1.2M
Market Conditions
NOI Build-Up for 9,170 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
$165.1K $18.00/SF
− Vacancy
−$12.9K −$1.40/SF
EGI
$152.2K $16.60/SF
− OpEx
−$45.7K −$4.98/SF
NOI
$106.5K $11.62/SF
Area
Gwinnett County, GA
Vacancy
7.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,130,600
Cap Rate 7%
$1,521,857
Cap Rate 9%
$1,183,667
Alternative Uses
Best Use
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,366 @ 7.0% cap · market cap 11.12%
Second Best
Retail
$1.52M
$1.33M – $1.78M
NOI $106,530 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,436 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
843
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
0.1 miles
Demographics for 30518, GA
56,149
Population
19,435
Households
2.9
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
40.0 sq mi
ZIP Area
1,404
Density / Sq Mi
$97,339
Median Household Income
$46,683
Median Earnings
$1,611
Median Rent
$367,000
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 - Brick restaurant property with multiple tenants, central systems, and public water and sewer service.
Where is this conventional restaurant located?
The property is located at 37 E Main Street Buford, GA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Approximately 9,170 square feet across three floors; Built in 1880 with brick construction; 100% leased with 37 Main Rock Cafe and two second‑floor tenants
