Restaurant and Bar with
New
For Sale
$949,900
1405 Gornto Rd, Valdosta, GA 31602
An operating dining venue includes multiple service areas and furnishings, fixtures, and equipment.
Property Size7,480 SF
Lot Size3.69 Acres
Price / SF$126.99
Days on Market3
Property Features for 1405 Gornto Rd
General Information
Standard status
Active
Size
7,480 SF
Total Parking Spaces
87
Lot size
3.69 Acres
Property subtype
Commercial
Zoning
C-C
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$11,293
Amenities
Gas
Sign(s)
Lighting
Building Details
Building Size
7,480 SF
Year Built
2002
Buildings
1
Stories
1
Construction
brick
Listing Agency:
THE HERNDON COMPANY
(229) 244-1992
Listed By:
Ross Cook · License #423037
(229) 300-7201
Source:
Garnerrealtygroupllc
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:58AM
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 THE HERNDON COMPANY
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Investment Insights
Based on property information with market context.
This 7,480-square-foot brick restaurant and bar sits on 3.69 acres and has operated as a dining and entertainment venue. The interior includes several dining rooms and seating areas, two bars, and a commercial kitchen equipped for cooking, baking, frying, preparation, and storage. Furniture, fixtures, and equipment are included in the sale. The building was constructed in 2002 and is zoned C-C.
Outdoor features include a covered patio, additional seating, and a performance deck. The property is at 1405 Gornto Rd in Valdosta, Georgia; the Withlacoochee River runs nearby toward the rear of the site.
Outdoor features include a covered patio, additional seating, and a performance deck. The property is at 1405 Gornto Rd in Valdosta, Georgia; the Withlacoochee River runs nearby toward the rear of the site.
Key Highlights
- 7,480‑square‑foot brick restaurant and bar on 3.69 acres
- Furniture, fixtures, and equipment included in the sale
- Multiple dining rooms, two interior bars, and a commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,016
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,320
$1.4M
Cap Rate 7%
$985,943
$985.9K
Cap Rate 9%
$766,844
$766.8K
Market Conditions
NOI Build-Up for 7,480 SF
Gross rent
$98.7K $13.20/SF
− Vacancy
−$6.7K −$0.90/SF
EGI
$92.0K $12.30/SF
− OpEx
−$23.0K −$3.08/SF
NOI
$69.0K $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%
$1,380,320
Cap Rate 7%
$985,943
Cap Rate 9%
$766,844
Alternative Uses
Best Use
Specialty Retail
$985.9K
$862.7K – $1.15M
NOI $69,016 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$993.6K – $1.32M
NOI $79,491 @ 7.0% cap · market cap 8.37%
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31602, GA
35,999
Population
15,201
Households
2.4
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
39.9 sq mi
ZIP Area
902
Density / Sq Mi
$55,980
Median Household Income
$34,919
Median Earnings
$1,046
Median Rent
$197,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An operating dining venue includes multiple service areas and furnishings, fixtures, and equipment.
Where is this conventional restaurant located?
The property is located at 1405 Gornto Rd Valdosta, GA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 7,480‑square‑foot brick restaurant and bar on 3.69 acres; Furniture, fixtures, and equipment included in the sale; Multiple dining rooms, two interior bars, and a commercial kitchen
