Updated Restaurant
For Sale
$505,000
2960 Ball Ground Road, Ball Ground, GA 30107
Commercial Sale, Ball Ground, GA
Property Size1,200 SF
Lot Size0.56 Acres
Price / SF$420.83
Days on Market47
Property Features for 2960 Ball Ground Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Parking features
Parking Lot, On Street
Lot features
City Lot
Directions
I575 North to Ball Ground exit 27 turn right, go to stop sign then turn left on the 4 ways stop property on the right.
Standard status
Active
APN
94N02 060
Size
1,200 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3090
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1992
Flooring type
Vinyl
Building materials
Brick
Roof type
Metal
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Evelyn Calhoun · License #381641
(770) 733-0779
Added: Jul 18
Changed: Aug 19
Last Checked: Sep 2 at 6:06PM
MLS# 10808523
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,200-square-foot brick restaurant building, constructed in 1992, includes a renovated kitchen area with a grease trap, commercial sink, and wash station. Recent property improvements include a metal roof, updated electrical and plumbing systems, and LVP flooring. Central heating and central air are installed, and the building is served by public water and public sewer.
The property encompasses 0.56 acres at 2960 Ball Ground Road in Ball Ground, Georgia, with access to Ball Ground Highway and proximity to Highway 372 and Historic Downtown Ball Ground. Parking is provided through an on-site lot and street parking. The existing food-service infrastructure supports continued restaurant use, while the layout can also accommodate retail, office, or other specialty commercial uses.
The property encompasses 0.56 acres at 2960 Ball Ground Road in Ball Ground, Georgia, with access to Ball Ground Highway and proximity to Highway 372 and Historic Downtown Ball Ground. Parking is provided through an on-site lot and street parking. The existing food-service infrastructure supports continued restaurant use, while the layout can also accommodate retail, office, or other specialty commercial uses.
Key Highlights
- 1,200‑square‑foot brick building constructed in 1992
- 0.56‑acre commercial property at 2960 Ball Ground Road
- Renovated kitchen with grease trap, commercial sink, and wash station
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
3.82%
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 3.82%
Second Best
Retail
$241.1K
$211.0K – $281.3K
NOI $16,878 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$337.0K
$294.8K – $393.1K
NOI $23,587 @ 7.0% cap · market cap 4.67%
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 - Brick commercial space with restaurant infrastructure, customer parking, and a recently renovated kitchen area.
Where is this conventional restaurant located?
The property is located at 2960 Ball Ground Road Ball Ground, GA.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: 1,200‑square‑foot brick building constructed in 1992; 0.56‑acre commercial property at 2960 Ball Ground Road; Renovated kitchen with grease trap, commercial sink, and wash station
