Restaurant Event Venue with Interstate
For Sale
$675,000
7495 Union Rd, Hahira, GA 31632
COMMERCIAL - Hahira, GA
Property Size3,304 SF
Lot Size49.53 Acres
Price / SF$204.30
Days on Market51
Property Features for 7495 Union Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CN/ER
Subdivision
5-N side hwy 84 in Lowndes Co.
Standard status
Active
APN
0022 037A
Size
3,304 SF
Lot size
49.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See Docs
Tax Annual Amount
7159
Legal Description
See Docs
Building Details
Year built
2013
Listing Agency:
FIRST COMMERCIAL REAL ESTATE
(229) 561-1939
Listed By:
Scott Alderman · License #109748
(229) 561-1939
Added: Jun 22
Changed: Jun 26
Last Checked: Aug 11 at 8:06PM
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.
Former “Frogtown” wine tasting/restaurant/tavern/event venue building and land, offered with fixtures, furnishings, and equipment included as-is. The interior features a large bar, dining room, kitchen, two restrooms, and storage. The unique structure totals 6,437 square feet under roof, including 3,304 square feet heated space, a 1,337 square foot covered front porch, and 1,796 square feet of covered carport space with outdoor seating and an event area.
Set in City limits of Hahira, Georgia, with city water and sewer available, the property includes 49.53 acres across three plats. It offers approximately 2,500 feet of frontage on I-75 and includes two two-face mini-billboards near I-75 for on-site advertising only. The acreage is described as a mix of cleared land, a former small grape orchard, ponds, and woodlands, with 10 acres of wetlands next to Frank’s Creek along the east boundary.
Configured for hospitality and gatherings, the building and outdoor/event area support concepts that benefit from both indoor dining and covered open-air space. Zoning is listed as CN/ER, and the property is being sold without owner financing. All items are included as-is, giving operators and buyers a straightforward path to reopen or repurpose for food, beverage, and event uses.
Set in City limits of Hahira, Georgia, with city water and sewer available, the property includes 49.53 acres across three plats. It offers approximately 2,500 feet of frontage on I-75 and includes two two-face mini-billboards near I-75 for on-site advertising only. The acreage is described as a mix of cleared land, a former small grape orchard, ponds, and woodlands, with 10 acres of wetlands next to Frank’s Creek along the east boundary.
Configured for hospitality and gatherings, the building and outdoor/event area support concepts that benefit from both indoor dining and covered open-air space. Zoning is listed as CN/ER, and the property is being sold without owner financing. All items are included as-is, giving operators and buyers a straightforward path to reopen or repurpose for food, beverage, and event uses.
Key Highlights
- Unique 6,437 SF building under roof: 3,304 SF heated plus 1,337 SF covered front porch and 1,796 SF covered carport with outdoor event seating
- Former wine tasting/restaurant/tavern/event venue with large bar, dining room, kitchen, 2 RRs, and storage
- 49.539 acres with 2,500 ft frontage on I‑75 and two 2‑face mini‑billboards for on‑site advertising only
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
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
NOI $35,112 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bar & Pub - Versatile restaurant, tavern, and event venue building with covered outdoor space and I-75 visibility.
Where is this bar & pub 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: Unique 6,437 SF building under roof: 3,304 SF heated plus 1,337 SF covered front porch and 1,796 SF covered carport with outdoor event seating; Former wine tasting/restaurant/tavern/event venue with large bar, dining room, kitchen, 2 RRs, and storage; 49.539 acres with 2,500 ft frontage on I‑75 and two 2‑face mini‑billboards for on‑site advertising only
