Renovated Conventional
For Sale
$900,000
122 Main St, Thomson, GA 30824
Includes a fully equipped kitchen and furnished dining room with seating for over 100 customers.
Property Size4,680 SF
Price / SF$192.31
Days on Market49
Property Features for 122 Main St
General Information
Standard status
Active
Size
4,680 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Equipment Included
Yes
Building Details
Year Built
1900
Listing Agency:
D C Lawrence Real Estate, Llc
(706) 825-4376
Listed By:
Donald C Lawrence · License #270289
Source:
Searchgreateraugustahomes
Added: Jul 13
Changed: Aug 30
Last Checked: Aug 23 at 4:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of D C Lawrence Real Estate, Llc
Investment Insights
Based on property information with market context.
This 4,680-square-foot conventional restaurant at 122 Main St in Thomson, GA, combines a renovated interior with an established food-service layout. The kitchen is equipped and furnished, while the dining area accommodates over 100 customers. Tables, chairs, and other dining furnishings are included with the property, along with pots, pans, plates, glasses, and silverware.
Built in 1900, the restaurant offers an existing configuration for an owner-operator seeking a property with core kitchen and dining components already in place. The included equipment, furniture, and tableware provide a substantial base for continued restaurant use.
Built in 1900, the restaurant offers an existing configuration for an owner-operator seeking a property with core kitchen and dining components already in place. The included equipment, furniture, and tableware provide a substantial base for continued restaurant use.
Key Highlights
- 4,680‑square‑foot conventional restaurant at 122 Main St, Thomson, GA 30824
- Renovated restaurant property built in 1900
- Dining room seats over 100 customers
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
$54,987
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
6.11%
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%
$1,099,740
$1.1M
Cap Rate 7%
$785,529
$785.5K
Cap Rate 9%
$610,967
$611.0K
Market Conditions
NOI Build-Up for 4,680 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
$77.5K $16.56/SF
− Vacancy
−$4.2K −$0.89/SF
EGI
$73.3K $15.67/SF
− OpEx
−$18.3K −$3.92/SF
NOI
$55.0K $11.75/SF
Area
McDuffie County, GA
Vacancy
5.40%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
25.00%
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%
$1,099,740
Cap Rate 7%
$785,529
Cap Rate 9%
$610,967
Alternative Uses
Best Use
Specialty Retail
$785.5K
$687.3K – $916.5K
NOI $54,987 @ 7.0% cap · market cap 6.11%
Second Best
Industrial
$420.9K
$368.3K – $491.1K
NOI $29,464 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,404 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30824, GA
16,832
Population
7,548
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
87%
High-School Grad
191.7 sq mi
ZIP Area
88
Density / Sq Mi
$54,214
Median Household Income
$35,804
Median Earnings
$810
Median Rent
$158,500
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 - Includes a fully equipped kitchen and furnished dining room with seating for over 100 customers.
Where is this conventional restaurant located?
The property is located at 122 Main St Thomson, GA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,680‑square‑foot conventional restaurant at 122 Main St, Thomson, GA 30824; Renovated restaurant property built in 1900; Dining room seats over 100 customers
