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    Restaurant with Ocean Views Title is generated by Realmo AI

    101 Lovell Avenue, Tybee Island, GA 31328

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    Claim this Listing
    New
    For Sale
    $1,590,000

    SINGLE_FAMILY - Other - Tybee Island, GA

    Type:Retail
    Property size:
    2,731 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $582/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 101 Lovell Avenue

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    C2A
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking
    8
    Appliances
    Some Electric Appliances, Cooktop, Double Oven, Electric Water Heater, Freezer, Ice Maker, Oven, Range, Refrigerator, Some Commercial Grade
    Standard status
    Active
    APN
    4000401015
    Size
    2,731 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOTS 37A & 38A WARD 1 TYBEE PRB 40P 59
    Tax Annual Amount
    19118

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump, Electric
    Water source
    Public

    Building Details

    Year built
    1928
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Keith L. Gay

    Listing agent Keith L. Gay License #254738

    Listing office Century 21 Solomon Properties 802 First Street, Tybee Island, GA

    Listing date Jun 3, 2026

    MLS# SA357381

    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.

    HighLights

    • Salt Island Restaurant business and building for sale
    • Located 1 block to the beach with ocean views
    • Built in 1928; frame construction
    • Tile flooring throughout
    • Electric and heat pump HVAC, including heat pump heating and electric cooling
    • Public water and public sewer; electric water heater

    Overview

    Salt Island Restaurant is offered for sale as a business and a building. The listing includes details on the property, and an equipment list will be provided to interested and qualified buyers. The offering is suited to operators or buyers looking to take over an existing restaurant operation.

    The property is located at 101 Lovell Avenue on Tybee Island, Georgia, approximately one block from the beach and described as having ocean views. The site is identified under zoning C2A.

    For tenants, buyers, or investors evaluating a foodservice concept, this package provides a turnkey pathway via the included restaurant business and the ability to review available equipment through the qualification process. As presented, the opportunity is focused on acquiring both the restaurant operation and the real estate together, with zoning C2A and a beach-proximate setting that supports a hospitality-oriented tenant mix.
    Property Profile Location Intelligence

    Current Use by Public Records

    Salt Island Fish ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Tybee Island
    County
    Chatham
    State
    Georgia
    Longitude
    -80.842185
    Latitude
    32.012397

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    FAQs

    What type of property is this?
    Conventional restaurant - Business and building for sale, about one block from the beach, with ocean views and equipment available to qualified buyers.
    Where is this conventional restaurant located?
    The property is located at 101 Lovell Avenue Tybee Island, GA.
    What is the asking price?
    The asking price for this property is $1,590,000.
    What are key features of this property?
    This property features: Salt Island Restaurant business and building for sale; Located 1 block to the beach with ocean views; Built in 1928; frame construction
    (912) 665-2480
    We can help!
    Listing Contact
    Keith L. Gay
    Real Estate License ID: 254738
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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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