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    Eatonton Commercial Space with Drive-Through Title is generated by Realmo AI

    627 Old Phoenix Road, Eatonton, GA 31024

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    For Lease
    $4,375/Mo $6 SF/Yr (calc)

    COMMERCIAL - Eatonton, GA

    Type:Office
    Property size:
    8,100 SF
    Lot size:
    2.07 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    69
    Last Refresh:
    May 31 at 7:06 am

    Property Features for 627 Old Phoenix Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Property condition
    Under Construction
    Parking
    25
    Parking features
    Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    103A086
    Size
    8,100 SF
    Lot size
    2.07 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Private

    Building Details

    Year built
    2026
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Stone, Stucco

    We can help!

    Listing Contact
    Ashley Goodroe
    Ashley Goodroe

    Listing agent Ashley Goodroe License #300836

    Listing office eXp Realty 1372 Peachtree St NE, Atlanta, GA

    Listing date Mar 24, 2026

    MLS# 10716743

    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.

    HighLights

    • Prime corner location at a Texaco station directly across from Cuscowilla, offering exceptional visibility and access.
    • Highly desirable drive‑through, ideal for restaurant, coffee concept, or quick‑service user.
    • Located in a high‑traffic area within a thriving lake community, ensuring steady local and visitor customers.
    • Versatile 2,100 SF space suitable for retail or office use in addition to food service.
    • Surrounded by established residential neighborhoods and minutes from Lake Oconee's premier amenities.
    • New construction (Year Built: 2026) with modern features and accessibility (Accessible Approach with Ramp).

    Overview

    This 2,100 square-foot corner cap space is located at a Texaco station in Eatonton, Georgia, directly across from Cuscowilla. The property benefits from exceptional visibility and access. The space, priced at $25 per square foot, features a drive-through, making it suitable for a restaurant, coffee concept, or quick-service user. The corner positioning provides maximum exposure to local and visitor traffic in this lake community. Surrounded by established residential neighborhoods and minutes from Lake Oconee's amenities, the site is also suitable for retail or office use. The property is located on a 2.07-acre lot. The property is suitable for drive-through restaurants, restaurants, coffee shops, retail space, retail properties, office units, office properties, and general commercial real estate. The building has a total size of 8,100 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Eatonton
    County
    Putnam
    State
    Georgia
    Longitude
    -83.26807
    Latitude
    33.416344

    Nearby Similar for Lease

    • $2,440/Mo
      1,464 SF

      Office Suite in Harmony Crossing

      1464 SF office suite in Lake Oconee retail corridor.
      112 Harmony Crossing, Eatonton, GA 31024
      View Details
    • $4,375/Mo

      Eatonton Retail Space For Rent

      Retail space available in Eatonton, Georgia.
      627 Old Phoenix RD SUITE A, Eatonton, GA 31024
      View Details
    • Contact for pricing
      479 SF

      Salon, Retail, Office Suites

      Salon, retail, and office suites available for lease.
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    FAQs

    What type of property is this?
    Drive through restaurant - High-visibility corner space with drive-through, ideal for restaurant/retail/office.
    Where is this drive through restaurant located?
    The property is located at 627 Old Phoenix Road Eatonton, GA.
    What is the lease rate?
    The lease rate is $4,375 /Mo.
    What are key features of this property?
    This property features: Prime corner location at a Texaco station directly across from Cuscowilla, offering exceptional visibility and access.; Highly desirable drive‑through, ideal for restaurant, coffee concept, or quick‑service user.; Located in a high‑traffic area within a thriving lake community, ensuring steady local and visitor customers.
    (706) 816-1112
    We can help!
    Listing Contact
    Ashley Goodroe
    Ashley Goodroe
    Real Estate License ID: 300836
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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.

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