Restaurant Property with Additional
New
For Sale
$585,000
4286 Joe Frank Harris Parkway NW, Adairsville, GA 30103
Commercial Sale, Adairsville, GA
Property Size2,948 SF
Lot Size4.37 Acres
Price / SF$198.44
Days on Market4
Property Features for 4286 Joe Frank Harris Parkway NW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Parking
25
Parking features
Parking Lot
Interior features
Reception Area, Restrooms
Accessibility
Accessible Approach with Ramp
Lot features
Free Standing, Level
Directions
From Adairsville at the intersection of GA-140 and US-41/Joe Frank Harris Pkwy, travel south on US-41/Joe Frank Harris Pkwy toward Cartersville for approximately 6.6 miles. Property will be on the left at 4286 Joe Frank Harris Pkwy NW, Adairsville, GA 30103.
Standard status
Active
APN
0046 0030 005
Size
2,948 SF
Lot size
4.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3580
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Flooring type
Carpet
Building materials
Metal Siding
Roof type
Metal
Additional Structures
Other
Listing Agency:
Keller Williams Realty Northwest, LLC.
(770) 607-7400
Listed By:
The Realty Queen Team · License #263277
(770) 324-2369
Added: Aug 25
Last Checked: Aug 28 at 7:06PM
MLS# 7824265
Copyright © 2026 First Multiple Listing Service, Inc. 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 restaurant property includes a 2,948-square-foot building with a reception area, restrooms, central heating and cooling, carpeted floors, metal siding, and a metal roof. The site also contains a second building and a fruit stand, providing multiple existing improvements for continued commercial use. An operating restaurant is in place, and the property includes a parking lot and an accessible approach with ramp.
The 4.37-acre tract is positioned along Joe Frank Harris Parkway NW in Adairsville, with road access and frontage on the corridor. The property is within reach of Adairsville, Cartersville, and I-75. C-1 zoning, public water, and a septic tank serve the site.
The 4.37-acre tract is positioned along Joe Frank Harris Parkway NW in Adairsville, with road access and frontage on the corridor. The property is within reach of Adairsville, Cartersville, and I-75. C-1 zoning, public water, and a septic tank serve the site.
Key Highlights
- 4.37‑acre commercial restaurant property at 4286 Joe Frank Harris Parkway NW
- 2,948 SF building with reception area and restrooms
- Two buildings plus a fruit stand on the property
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
$47,376
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
8.10%
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%
$947,520
$947.5K
Cap Rate 7%
$676,800
$676.8K
Cap Rate 9%
$526,400
$526.4K
Market Conditions
NOI Build-Up for 2,948 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
$67.9K $23.04/SF
− Vacancy
−$4.8K −$1.61/SF
EGI
$63.2K $21.43/SF
− OpEx
−$15.8K −$5.36/SF
NOI
$47.4K $16.07/SF
Area
Bartow 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%
$947,520
Cap Rate 7%
$676,800
Cap Rate 9%
$526,400
Alternative Uses
Best Use
Specialty Retail
$676.8K
$592.2K – $789.6K
NOI $47,376 @ 7.0% cap · market cap 8.10%
Second Best
Retail
$592.4K
$518.3K – $691.1K
NOI $41,465 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$827.8K
$724.3K – $965.8K
NOI $57,946 @ 7.0% cap · market cap 9.91%
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
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30103, GA
15,606
Population
5,726
Households
2.7
Avg Household Size
38
Median Age
21%
College-Educated
91%
High-School Grad
103.9 sq mi
ZIP Area
150
Density / Sq Mi
$76,055
Median Household Income
$45,059
Median Earnings
$1,025
Median Rent
$228,800
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 - Operating restaurant improvements on a C-1 commercial site with public water, septic service, parking, and multiple structures.
Where is this conventional restaurant located?
The property is located at 4286 Joe Frank Harris Parkway NW Adairsville, GA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 4.37‑acre commercial restaurant property at 4286 Joe Frank Harris Parkway NW; 2,948 SF building with reception area and restrooms; Two buildings plus a fruit stand on the property
