Freestanding Restaurant with Highway
For Sale
$1,999,999
7643 Highway 85, Riverdale, GA 30274
Built in 1984, this freestanding restaurant building offers ample parking and prominent Highway 85 frontage.
Property Size9,763 SF
Lot Size1.50 Acres
Price / SF$204.85
Days on Market392
Property Features for 7643 Highway 85
General Information
Standard status
Active
Size
9,763 SF
Lot size
1.50 Acres
Zoning
GB
Site & Location
Traffic Count
38,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,770
Building Details
Year Built
1984
Listing Agency:
Norluxe Realty Atlanta
Listed By:
Riza Simpson
(470) 223-1981
Source:
Exprealty
Added: Aug 12, 2025
Changed: Aug 21
Last Checked: Sep 6 at 2:50PM
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 Norluxe Realty Atlanta
Investment Insights
Based on property information with market context.
For sale is a freestanding restaurant property on Highway 85 in Riverdale, GA. The building was constructed in 1984 and provides a total of 9,763 SF, with a site built to support on-site operations and future changes. The listing describes strong signage visibility and frontage along the corridor, along with ample parking and flexibility for a range of restaurant or retail concepts.
The property is located at 7643 Highway 85 and is positioned on approximately 1.5 +/- acres. Public remarks cite a traffic count of approximately 38,000 VPD on GA-85, supporting high daily exposure to both local customers and through-traffic.
Zoning is stated as GB, with permitted uses including restaurant, retail, office, and automotive uses, and the remarks indicate potential for higher-density commercial development. The large building and lot size are also presented as useful for immediate operation or modifications such as drive-thru and outdoor dining.
The property is located at 7643 Highway 85 and is positioned on approximately 1.5 +/- acres. Public remarks cite a traffic count of approximately 38,000 VPD on GA-85, supporting high daily exposure to both local customers and through-traffic.
Zoning is stated as GB, with permitted uses including restaurant, retail, office, and automotive uses, and the remarks indicate potential for higher-density commercial development. The large building and lot size are also presented as useful for immediate operation or modifications such as drive-thru and outdoor dining.
Key Highlights
- 9,763 SF freestanding restaurant building built in 1984 with prominent GA‑85 frontage
- Zoned GB; permits restaurant, retail, office, and automotive uses
- Approx. 1.5 +/- acres with ample on‑site parking for restaurant or retail concepts
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
$156,895
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
7.84%
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%
$3,137,900
$3.1M
Cap Rate 7%
$2,241,357
$2.2M
Cap Rate 9%
$1,743,278
$1.7M
Market Conditions
NOI Build-Up for 9,763 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
$224.9K $23.04/SF
− Vacancy
−$15.7K −$1.61/SF
EGI
$209.2K $21.43/SF
− OpEx
−$52.3K −$5.36/SF
NOI
$156.9K $16.07/SF
Area
Clayton 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%
$3,137,900
Cap Rate 7%
$2,241,357
Cap Rate 9%
$1,743,278
Alternative Uses
Best Use
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,895 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $191,039 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
38,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
1k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Jacobs Administrative Services
Shops & Services
1,220 visits/mo
0.4 miles
Demographics for 30274, GA
34,537
Population
14,299
Households
2.4
Avg Household Size
34
Median Age
21%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
3,386
Density / Sq Mi
$50,455
Median Household Income
$33,141
Median Earnings
$1,241
Median Rent
$157,100
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 - Built in 1984, this freestanding restaurant building offers ample parking and prominent Highway 85 frontage.
Where is this conventional restaurant located?
The property is located at 7643 Highway 85 Riverdale, GA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 9,763 SF freestanding restaurant building built in 1984 with prominent GA‑85 frontage; Zoned GB; permits restaurant, retail, office, and automotive uses; Approx. 1.5 +/- acres with ample on‑site parking for restaurant or retail concepts
