Updated Conventional Restaurant
For Sale
$515,000
2960 Ball Ground Rd, Ball Ground, GA 30107
Renovated kitchen and food-service infrastructure support restaurant operations or adaptation to other business uses.
Property Size1,200 SF
Price / SF$429.17
Days on Market36
Property Features for 2960 Ball Ground Rd
General Information
Standard status
Active
Size
1,200 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Grease Trap
Yes
Building Details
Year Built
1992
Listing Agency:
Virtual Properties Realty.com
Listed By:
Evelyn Calhoun
Source:
Mcandrewsnelsonrealestate
Added: Jul 26
Changed: Aug 29
Last Checked: Aug 25 at 5:07AM
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 Virtual Properties Realty.com
Investment Insights
Based on property information with market context.
This 1,200-square-foot conventional restaurant property was built in 1992 and includes a recently renovated kitchen area. Existing food-service infrastructure includes a grease trap, commercial sink, and wash station. The building also features a metal roof, updated electrical and plumbing systems, and LVP flooring.
Front parking provides space for customers and staff. The property is located on Ball Ground Road in Ball Ground, near Highway 372 and Historic Downtown Ball Ground. Its prior restaurant use and existing equipment create a foundation for continued food-service operations, while the layout can be adapted for retail, office, or specialty business uses.
Front parking provides space for customers and staff. The property is located on Ball Ground Road in Ball Ground, near Highway 372 and Historic Downtown Ball Ground. Its prior restaurant use and existing equipment create a foundation for continued food-service operations, while the layout can be adapted for retail, office, or specialty business uses.
Key Highlights
- 1,200‑square‑foot conventional restaurant property built in 1992
- Recently renovated kitchen area with grease trap, commercial sink, and wash station
- Metal roof, updated electrical and plumbing, and LVP flooring
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
$19,284
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
3.74%
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%
$385,680
$385.7K
Cap Rate 7%
$275,486
$275.5K
Cap Rate 9%
$214,267
$214.3K
Market Conditions
NOI Build-Up for 1,200 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
$27.6K $23.04/SF
− Vacancy
−$1.9K −$1.61/SF
EGI
$25.7K $21.43/SF
− OpEx
−$6.4K −$5.36/SF
NOI
$19.3K $16.07/SF
Area
Cherokee County, GA
Vacancy
7.00%
Lease Rate
$23.04 /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%
$385,680
Cap Rate 7%
$275,486
Cap Rate 9%
$214,267
Alternative Uses
Best Use
Specialty Retail
$275.5K
$241.1K – $321.4K
NOI $19,284 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.0K
$294.8K – $393.1K
NOI $23,587 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30107, GA
16,528
Population
6,536
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
108.1 sq mi
ZIP Area
153
Density / Sq Mi
$105,561
Median Household Income
$49,962
Median Earnings
$1,120
Median Rent
$364,300
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 - Renovated kitchen and food-service infrastructure support restaurant operations or adaptation to other business uses.
Where is this conventional restaurant located?
The property is located at 2960 Ball Ground Rd Ball Ground, GA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 1,200‑square‑foot conventional restaurant property built in 1992; Recently renovated kitchen area with grease trap, commercial sink, and wash station; Metal roof, updated electrical and plumbing, and LVP flooring
