Listing Agency: COLDWELL BANKER PREMIER REAL E Show Phone

Listed By: John Courson · License #342868 Show Phone

Added: Apr 28, 2025 Changed: Oct 17 Last Checked: Nov 6 at 5:06AM

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MLS# 144707

Copyright © 2026 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The 4,388-square-foot restaurant property occupies a 0.39-acre site and is zoned C-C. Existing improvements include a dining area, kitchen, bar, four bathrooms, and substantial back-of-house space, with a drive-through window already installed. The open interior also includes an area configured as a one-bedroom, one-bath efficiency apartment.

The property is located on Baytree Road in Remerton along a corridor reporting 18,500 AADT just west of the site, according to 2024 GDOT data. Baytree Road connects Valdosta State University and Interstate-75, while the property sits between Valdosta Mall and the university. Valdosta State University's fall 2025 enrollment is identified as 10,400.

Key Highlights

• 4,388‑square‑foot restaurant building on a 0.39‑acre site
• Drive‑through window already in place
• Restaurant layout includes dining area, kitchen, bar, and back‑of‑house space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,487

Cap Rate

5.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$809,740 $809.7K

Cap Rate 7%

$578,386 $578.4K

Cap Rate 9%

$449,856 $449.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,388 SF

Gross rent

$57.9K $13.20/SF

− Vacancy

−$3.9K −$0.90/SF

EGI

$54.0K $12.30/SF

− OpEx

−$13.5K −$3.08/SF

NOI

$40.5K $9.23/SF

Area

Lowndes County, GA

Vacancy

6.80%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$809,740

Cap Rate 7%

$578,386

Cap Rate 9%

$449,856

Alternative Uses

Best Use

Specialty Retail

$578.4K

$506.1K – $674.8K (±1% cap)

NOI $40,487 @ 7.0% cap · market cap 5.40%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$666.2K

$582.9K – $777.2K (±1% cap)

NOI $46,632 @ 7.0% cap · market cap 6.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Electrical Service HVAC Service Bakery Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18,500 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

576

Businesses Nearby

124k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Home Improvements & Furnishings 34% Apparel 31% Shops & Services 17% Dining 17%

The Home Depot Home Improvements & Furnishings

42,188 visits/mo 0.5 miles

Kohl's Apparel

38,282 visits/mo 0.4 miles

Dollar General Shops & Services

16,759 visits/mo 0.2 miles

Ellianos Coffee Dining

9,246 visits/mo 0.2 miles

Waffle House Dining

6,334 visits/mo 0.1 miles

Demographics for 31601, GA

32,331

Population

14,345

Households

2.3

Avg Household Size

33

Median Age

15%

College-Educated

82%

High-School Grad

159.0 sq mi

ZIP Area

203

Density / Sq Mi

$34,846

Median Household Income

$28,878

Median Earnings

$872

Median Rent

$112,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Existing restaurant improvements include a drive-through window, dining area, bar, kitchen, and back-of-house space.

Where is this conventional restaurant located?

The property is located at 1305 Baytree Road Remerton, GA.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 4,388‑square‑foot restaurant building on a 0.39‑acre site; Drive‑through window already in place; Restaurant layout includes dining area, kitchen, bar, and back‑of‑house space