Building Details

Year built 2013

Listing Agency: FIRST COMMERCIAL REAL ESTATE

Listed By: Scott Alderman · License #109748 Show Phone

Added: Jun 22 Changed: Sep 20 Last Checked: Sep 27 at 12:06AM

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MLS# 154128

Copyright © 2026 South Georgia MLS (Valdosta). 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 2013 restaurant property includes 6,437 square feet under roof, with 3,304 square feet heated, a 1,337-square-foot covered front porch, and a 1,796-square-foot covered carport with outdoor seating and event space. The interior includes a large bar, dining room, kitchen, two restrooms, and storage. Furnishings, fixtures, and equipment convey in as-is condition.

The property comprises 49.539 acres across three plats at 7495 Union Rd in Hahira, Georgia. It offers 2,500 feet of frontage on I-75, two two-face mini-billboards for on-site advertising, ponds, woodlands, a former small grape orchard, and 10 acres of wetlands adjoining Frank's Creek along the eastern boundary. The property is within Hahira city limits, with city water and sewer available, and is zoned CN/ER.

Key Highlights

• 6,437 SF under roof, including 3,304 SF heated space
• 49.539 acres across 3 plats
• 2,500 feet of frontage on I‑75

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

$30,485

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

4.52%

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%

$609,700 $609.7K

Cap Rate 7%

$435,500 $435.5K

Cap Rate 9%

$338,722 $338.7K

Market Conditions

NOI Build-Up for 3,304 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

$43.6K $13.20/SF

− Vacancy

−$3.0K −$0.90/SF

EGI

$40.6K $12.30/SF

− OpEx

−$10.2K −$3.08/SF

NOI

$30.5K $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%

$609,700

Cap Rate 7%

$435,500

Cap Rate 9%

$338,722

Alternative Uses

Best Use

Specialty Retail

$435.5K

$381.1K – $508.1K (±1% cap)

NOI $30,485 @ 7.0% cap · market cap 4.52%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$501.6K

$438.9K – $585.2K (±1% cap)

NOI $35,112 @ 7.0% cap · market cap 5.20%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Auto Repair Shop HVAC Service Big Box & Wholesale Store Garden Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

10

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Office Unit with Private Offices

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Former Restaurant/Event Venue on Acreage

7495 Union Rd, Hahira, GA 31632

$675,000

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45-Unit Self-Storage Facility

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$449,900

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Land

5351 Coppage, Hahira, GA 31632

Contact for pricing

10.00 Acres

View details

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant improvements with bar, dining, kitchen, event areas, and included furnishings, fixtures, and equipment.

Where is this conventional 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: 6,437 SF under roof, including 3,304 SF heated space; 49.539 acres across 3 plats; 2,500 feet of frontage on I‑75