Former Restaurant/Event Venue on
For Sale
$675,000
7495 Union Rd, Hahira, GA 31632
Restaurant, tavern, and event venue with acreage for sale.
Property Size6,437 SF
Lot Size49.53 Acres
Price / SF$104.86
Days on Market208
Property Features for 7495 Union Rd
General Information
Standard status
Active
Size
6,437 SF
Lot size
49.53 Acres
Taxes and HOA fees
Annual Taxes
$7,159
Listing Agency:
FIRST COMMERCIAL REAL ESTATE
(229) 561-1939
Listed By:
Scott Alderman · License #109748
(229) 561-1939
Source:
Exprealty
Added: Jan 26
Changed: Aug 20
Last Checked: Aug 21 at 9:32AM
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 FIRST COMMERCIAL REAL ESTATE
Investment Insights
Based on property information with market context.
This property, formerly known as "Frogtown," is a wine tasting, restaurant, tavern, and event venue situated on 49.539 acres. The building offers 6,437 square feet under roof, including 3,304 square feet of heated space, a 1,337-square-foot covered front porch, and a 1,796-square-foot covered carport and outdoor seating/event area. The interior features a large bar, dining room, kitchen, two restrooms, and storage space. All furniture, fixtures, and equipment are included in as-is condition. The acreage includes 2,500 feet of frontage on I-75 and features two 2-face mini-billboards on I-75. The diverse land comprises a mix of cleared areas, a former small grape orchard, ponds, woodlands, and wetlands. Frank's Creek forms the eastern boundary of the property. Located within the city limits of Hahira, GA, the property has access to city water and sewer services. The property is suitable for restaurants, bed & breakfasts, hospitality properties, wedding venues, and specialty properties.
Key Highlights
- 49.539 acres with 2500' frontage on I‑75, offering high visibility and accessibility.
- Former Wine Tasting / Restaurant / Tavern / Event Venue with existing infrastructure and F/F/E included.
- Unique 6437 sf building under roof with a large bar, dining room, kitchen, and ample outdoor space.
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
$59,393
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
8.80%
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%
$1,187,860
$1.2M
Cap Rate 7%
$848,471
$848.5K
Cap Rate 9%
$659,922
$659.9K
Market Conditions
NOI Build-Up for 6,437 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
$85.0K $13.20/SF
− Vacancy
−$5.8K −$0.90/SF
EGI
$79.2K $12.30/SF
− OpEx
−$19.8K −$3.08/SF
NOI
$59.4K $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 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%
$1,187,860
Cap Rate 7%
$848,471
Cap Rate 9%
$659,922
Alternative Uses
Best Use
Specialty Retail
$848.5K
$742.4K – $989.9K
NOI $59,393 @ 7.0% cap · market cap 8.80%
Second Best
Hotel Hospitality
$349.6K
$305.9K – $407.9K
NOI $24,473 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$977.2K
$855.1K – $1.14M
NOI $68,407 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31632, GA
14,053
Population
5,932
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
93%
High-School Grad
112.4 sq mi
ZIP Area
125
Density / Sq Mi
$81,178
Median Household Income
$43,606
Median Earnings
$984
Median Rent
$250,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant, tavern, and event venue with acreage for sale.
Where is this restaurant located?
The property is located at 7495 Union Rd Hahira, GA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 49.539 acres with **2500' frontage on I‑75**, offering high visibility and accessibility.; Former Wine Tasting / Restaurant / Tavern / Event Venue with existing infrastructure and F/F/E included.; Unique **6437 sf building under roof** with a large bar, dining room, kitchen, and ample outdoor space.
