Building Details

Building Size 1,906 SF

Year Built 2000

Buildings 1

Listing Agency: Athens Partners Realty LLC r***@gmail.com Show Phone

Listed By: Jared Marsden · License #355925 Show Phone

Source: Evrealestate

Added: Jan 30 Changed: Aug 23 Last Checked: Aug 31 at 12:45PM

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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 Athens Partners Realty LLC

Investment Insights

Based on property information with market context.

Located in Crawford, Georgia, this restaurant property presents an opportunity for prospective buyers. The property is situated off Loop 10, accessible via Exit 8 onto Oconee Street leading to Lexington Road. Continuing past Walmart for 15 miles towards Crawford, a right turn onto Oglethorpe Drive, followed by another right onto Callaway Drive, will lead to the cafe, which is located beside a preschool. The property is identified by a sign.

Key Highlights

• Central air conditioning ensures year‑round comfort.
• Electric heating.
• High speed internet ready.

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

$28,407

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

4.09%

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%

$568,140 $568.1K

Cap Rate 7%

$405,814 $405.8K

Cap Rate 9%

$315,633 $315.6K

Market Conditions

NOI Build-Up for 1,906 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

$41.2K $21.60/SF

− Vacancy

−$3.3K −$1.73/SF

EGI

$37.9K $19.87/SF

− OpEx

−$9.5K −$4.97/SF

NOI

$28.4K $14.90/SF

Area

Oglethorpe County, GA

Vacancy

8.00%

Lease Rate

$21.60 /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%

$568,140

Cap Rate 7%

$405,814

Cap Rate 9%

$315,633

Alternative Uses

Best Use

Specialty Retail

$405.8K

$355.1K – $473.5K (±1% cap)

NOI $28,407 @ 7.0% cap · market cap 4.09%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$459.5K

$402.1K – $536.1K (±1% cap)

NOI $32,164 @ 7.0% cap · market cap 4.63%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Burton Susanne F Law Firm Town and Country Kafe Restaurant

Suggested Use

Top Pick Big Box & Wholesale Store Garden Center Grocery & Convenience Store Hair Salon Daycare Center (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

78

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30630, GA

2,411

Population

1,152

Households

2.1

Avg Household Size

41

Median Age

20%

College-Educated

87%

High-School Grad

43.9 sq mi

ZIP Area

55

Density / Sq Mi

$47,000

Median Household Income

$32,033

Median Earnings

$687

Median Rent

$184,100

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant opportunity in Crawford, GA. Ideal for owner-operator.

Where is this conventional restaurant located?

The property is located at 9 Callaway DR Crawford, GA.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Central air conditioning ensures year‑round comfort.; Electric heating.; High speed internet ready.