Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    31 Barn Inn Rd Lakemont, GA 30552

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,850,000

    Historic Inn, Event Venue, 7BR, 8.5BA

    Property size:
    5,740 SF

    Property Features for 31 Barn Inn Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,740 SF
    Lot Size
    63,598 SF

    Building Details

    Year Built
    1938

    We can help!

    Listing Contact
    Yetty Arp
    Yetty Arp

    Listing Agency: Atlanta Fine Homes Sotheby's International Listing Agent: Yetty Arp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This enchanting, 5,740 sq ft historic property in Lakemont, GA, presents a unique investment opportunity. Originally built by the Samuel Candler Dobbs family, this meticulously remodeled 100-year-old barn has been transformed into a luxurious 7-bedroom, 8 full and 1 half-bathroom lodge. The property boasts stunning preserved native stone walls and flooring, heart-pine floors, and multiple gathering spaces perfect for intimate gatherings or large-scale events. A spacious double-dining area, kitchen island, and a 1000 sq ft outdoor deck cater to diverse needs. The commercial-grade kitchen is ideal for gourmet meals or catered affairs. The 1.46-acre lot offers a picturesque view of Lake Rabun, a front yard green space, manicured hardwood trees, and a stone firepit. Conveniently located across from Lake Rabun, this property offers easy access to the marina, restaurants, and community events. Nearby amenities include golf, tennis, hiking trails, and various outdoor activities. A large outbuilding provides ample storage and potential for conversion. All furnishings are available for purchase, presenting a turnkey opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Barn at Lake Rabun Hotel & Motel

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Gym & Fitness Center Hotel & Motel Skin Care Clinic Kitchen & Bath Showroom Department Store Food Market Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakemont
    County
    Rabun - GA
    State
    Georgia
    Longitude
    -83.4266
    Latitude
    34.77497

    Nearby Similar for Sale

    • New
      $650,000
      11.36 Acres

      Lakemont Land with Workshop

      11.36 acres with workshop, convenient to outdoor recreation.
      1994 Camp Creek Rd, Lakemont, GA 30552
      View Details
    • $450,000
      3.00 Acres

      Renovated Duplex in Lakemont, GA

      Upgraded duplex near Lake Rabun, ideal for investors/owner-occupiers.
      230 Varnes Ln, Lakemont, GA 30552
      View Details
    • $1,500,000
      10.00 Acres

      Lakemont Multifamily Investment Opportunity

      Multifamily property with 10 units on 10 acres.
      240 Varnes Ln, Lakemont, GA 30552
      View Details
    • $499,000
      0.37 Acres

      Renovated Multifamily Property in Lakemont

      Upgraded triplex in Lakemont, GA, ideal for investors.
      228 Varnes Ln, Lakemont, GA 30552
      View Details
    • $1,500,000
      10.00 Acres

      Lakemont Multifamily Investment Opportunity

      Multifamily property with 10 units on 10 acres.
      240 Varnes Ln, Lakemont, GA 30552
      View Details
    • $450,000
      3.00 Acres

      Renovated Duplex in Lakemont

      Upgraded duplex near Lake Rabun, ideal for investors.
      230 Varnes Ln, Lakemont, GA 30552
      View Details
    • $499,000
      0.37 Acres

      Renovated Multifamily Property in Lakemont

      Upgraded triplex in Lakemont, Georgia, near Lake Rabun.
      228 Varnes Ln, Lakemont, GA 30552
      View Details
    • $1,600,000
      2,079 SF

      Lakemont Equestrian Farm with Barndominium

      17.98 acre farm with barndominium, guest house, equestrian facilities.
      7118 Old 441, Lakemont, GA 30552
      View Details
    • $349,000
      960 SF

      Lakemont Retail Space - Hwy 441S

      Turnkey Retail Space, High Visibility
      7534 Hwy, Lakemont, GA 30552
      View Details
    • $349,000
      960 SF

      Lakemont Hwy 441S Commercial Space

      Turnkey Commercial Space, High Visibility
      7534 Hwy, Lakemont, GA 30552
      View Details
    • $349,000
      960 SF

      Lakemont Commercial Building - Hwy 441

      Turnkey Commercial Space - Hwy 441, Lakemont
      7534 Hwy, Lakemont, GA 30552
      View Details
    • $2,700,000
      10.00 Acres

      Lakemont, GA Multifamily Investment

      Ten-acre, 21-unit multifamily complex. High ROI potential.
      240-0 Varnes Ln Ln, Lakemont, GA 30552
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Historic Inn, Event Venue, 7BR, 8.5BA
    Where is this commercial real estate located?
    The property is located at 31 Barn Inn Rd Lakemont, GA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    (404) 863-2116
    Request Owner's contact information
    31 Barn Inn Rd Lakemont, GA 30552
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31 Barn Inn Rd
    Lakemont, GA 30552
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    31 Barn Inn Rd Lakemont, GA 30552
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Yetty Arp
    Yetty Arp
    Real Estate License ID: 137229
    (404) 863-2116 (404) 237-5000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!