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    3497 Baker Grove Rd Acworth, GA 30101

    Sponsored
    For Sale
    $1,500,000

    Former Sonic Drive-In, redevelopment opportunity.

    Property size:
    1,484 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional 1,484 square foot retail property, located at 3497 Baker Grove Rd NW in Acworth, Georgia (zip code 30101), presents a unique investment opportunity. The former Sonic Drive-In sits on a 0.89-acre lot and boasts a prime outparcel location within a Publix-anchored center, experiencing significant growth. The single-story, Class B building, constructed in 2000, benefits from high visibility due to its corner location and two access points from the Publix parking lot. Over 26,000 vehicles pass daily on Cowan Road and Baker Road, with additional traffic from I-75 (over 100,000 vehicles daily) nearby. The C2 zoning allows for either retention of the existing structure or redevelopment, catering to a variety of uses. The property is surrounded by a thriving retail environment, including Cabela's, Bass Pro Shops, Walgreens, CVS, and numerous restaurants. Its proximity to Chattahoochee Technical College (14,000+ students) and a strong residential area further enhances its appeal. Within a 3-mile radius, there are 60,598 residents with an average household income of $109,199, projected to increase by over 17% in the next five years. The high traffic volume generated by the Publix grocery store (over 790,000 visits annually) provides exceptional exposure. This property offers a compelling combination of location, visibility, and zoning flexibility, making it an ideal investment for both redevelopment and established businesses. The asking price is $1,500,000.

    Property Features for 3497 Baker Grove Rd

    General Information

    Property type
    Restaurants
    Square Feet
    1,484 SF
    Class
    B
    Lot Size
    38,768 SF

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Elliott Kyle
    Elliott Kyle

    Learn more

    HighLights

    • Outparcel opportunity adjacent to Publix in a high‑growth Atlanta submarket.
    • C2 zoning allows for building reuse or new construction.
    • High‑traffic corner lot with two access points and 26,000 daily vehicles passing.
    • Excellent I‑75 access, boasting over 100,000 daily vehicles.
    • Strong retail environment near major retailers, hotels, and ChattTech College (14,000+ students).
    • Dense population (60,598 within 3 miles) with high average household income ($109,199) and projected 17% growth in five years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Acworth
    County
    Cobb
    State
    Georgia
    Longitude
    -84.6510459
    Latitude
    34.075408

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    FAQs

    What type of property is this?
    Restaurant - Former Sonic Drive-In, redevelopment opportunity.
    Where is this restaurant located?
    The property is located at 3497 Baker Grove Rd Acworth, GA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Outparcel opportunity adjacent to Publix in a high-growth Atlanta submarket.; C2 zoning allows for building reuse or new construction.; High-traffic corner lot with two access points and 26,000 daily vehicles passing.
    Request Owner's contact information
    3497 Baker Grove Rd Acworth, GA 30101
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3497 Baker Grove Rd Acworth, GA 30101
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    We can help!
    Listing Contact
    Elliott Kyle
    Elliott Kyle
    Real Estate License ID: GA 299687
    Learn more
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