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    The Largest CRE Database in the US with Over 1 Million Listings

    697 W Cherry St Jesup, GA 31545

    Sponsored
    For Sale
    $400,000

    SINGLE_FAMILY - Jesup, GA

    Type:Retail
    Property size:
    2,000 SF
    Lot size:
    0.58 Acres
    Days on Market:
    227
    Last Refresh:
    Feb 21 at 5:06 am

    Property Features for 697 W Cherry St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    APN
    J18-6
    Parking
    46
    Appliances
    Electric Water Heater, Some Commercial Grade
    Size
    2,000 SF
    Lot size
    0.58 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1978
    Floors in Building
    1
    Building materials
    Aluminum Siding

    We can help!

    Listing Contact
    Trisha M. Cook

    Compass Georgia, LLC (912) 737-2935

    Listing agent Trisha M. Cook (912) 737-2935 License #328637

    Listing date Jul 10, 2025

    MLS# SA331394

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Restaurant in Downtown Jesup

    Located in the heart of Downtown Jesup, this turnkey restaurant has been a local fixture for over 30 years. Situated on a 0.579-acre corner lot, the property features 67 feet of frontage on West Cherry Street and high visibility along GA-27 and 5th Street, with approximately 4,860 cars passing by daily. The property is zoned C-3 and benefits from its proximity to city offices, shops, schools, and the Amtrak station, ensuring high foot and vehicle traffic. The building has a full-efficiency commercial kitchen equipped with well-maintained appliances, 2 HVAC units, upgraded electrical and plumbing, and spray foam insulation throughout. A large, newly poured parking lot offers 46 dedicated spaces. The property, with a size of 2000 square feet, is located on a 0.578-acre lot. This location offers convenience and accessibility from multiple directions, making it suitable for expanding a culinary business or investing in a recognizable commercial corner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nang's Thai Restaurant Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office 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
    Jesup
    County
    Wayne
    State
    Georgia
    Longitude
    -81.890144
    Latitude
    31.610141

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    FAQs

    What type of property is this?
    Turn key restaurant - Iconic restaurant for sale in a prime location.
    Where is this turn key restaurant located?
    The property is located at 697 W Cherry St Jesup, GA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Iconic, turnkey restaurant with a 30+ year history as a local staple; - Prime corner lot location with high visibility on GA-27 and 5th Street, seeing approximately 4,860 cars per day; - Zoned C-3 and surrounded by city offices, shops, schools, and the Amtrak station
    (912) 844-8662
    Request Owner's contact information
    697 W Cherry St Jesup, GA 31545
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    Jesup, GA 31545
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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
    697 W Cherry St Jesup, GA 31545
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    We can help!
    Listing Contact
    Trisha M. Cook
    Real Estate License ID: 328637
    (912) 844-8662 (912) 356-5001 (912) 737-2935
    Learn more
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