Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mexican Restaurant For Sale In Ellijay With Owner Benfit Of $85K! Ellijay, GA 30540
    Back to Search
    Property profile & analytics

    Mexican Restaurant For Sale In Ellijay With Owner Benfit Of $85K! Ellijay, GA 30540

    View on Map
    • Retail properties & Spaces
    • 2,700 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Mexican Restaurant For Sale In Ellijay With Owner Benfit Of $85K!

    Year built
    2022
    Property size
    2,700 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This thriving Mexican restaurant in East Ellijay, Georgia, is offered for sale at $184,900. Established in 2022, this 2,700 square foot eatery boasts impressive annual sales of $464,000 and an owner benefit of $85,400. The restaurant features 70 seats (50 inside, 20 outside) and a convenient drive-thru window, catering to a wide range of customers. The fully equipped kitchen includes a hood system, grease trap, fryer, six-burner stove, grill, three-compartment sink, and ample prep space, along with all necessary smallwares, shelving, and refrigeration units. The sale includes all equipment and furnishings, eliminating build-out costs. The current lease runs until December 31, 2025, at a monthly rate of $2,500. The restaurant enjoys a prime location in a high-traffic area, supported by a 4.8-star Google rating. Two weeks of owner training are provided for a smooth transition. This is a fantastic opportunity to acquire a profitable, established business with significant earning potential, requiring no franchise fees. The sale is an asset sale, and inventory is not included in the asking price. Seller financing is not available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ellijay
    County
    Gilmer
    State
    Georgia
    Longitude
    -84.5682
    Latitude
    34.7411

    Comparable in this City

    • Value Estimation by Request
      4,284 SF

      Rib Shack Bbq Restaurant For Sale In

      Restaurants • 4,284 SF
      0 Rib Shack Bbq Restaurant For Sale In, Ellijay, GA 30540
      View Details
    • Value Estimation by Request
      131,200 SF

      110 Old Orchard Sq

      Retail properties & Spaces • 131,200 SF
      110 Old Orchard Sq, East Ellijay, GA 30540
      View Details
    • Value Estimation by Request
      15.60 Acres

      400 Mulberry Gap Rd

      Hotels • 15.60 Acres
      400 Mulberry Gap Rd, Ellijay, GA 30540
      View Details
    • Value Estimation by Request
      1,781 SF

      66 Tails Crk Rd

      BARBER, HAIR SALON • 1,781 SF
      66 Tails Crk Rd, Ellijay, GA 30540-3603
      View Details
    • Value Estimation by Request
      1,074 SF

      17 Fowler St

      BARBER, HAIR SALON • 1,074 SF
      17 Fowler St, East Ellijay, GA 30540-8117
      View Details
    • Value Estimation by Request
      1,914 SF

      123 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,914 SF
      123 Main St, Ellijay, GA 30540-3343
      View Details

    Similar Nearby for Sale

    • $675,000
      3,766 SF

      Downtown Ellijay Commercial Building

      Commercial building in downtown Ellijay, Georgia, with redevelopment potential.
      45 S Main St, Ellijay, GA 30540
      View Details
    • $119,777
      0.43 Acres

      East Ellijay Commercial Opportunity

      High-visibility commercial lot in East Ellijay, Georgia.
      1St Ave, East Ellijay, GA 30540
      View Details
    • $899,000
      5,700 SF

      Gun Shop with Firing Range

      Retail space with firing range in East Ellijay, Georgia.
      123 Maddox Cir, East Ellijay, GA 30540
      View Details
    • $675,000
      1,392 SF

      Downtown Ellijay Commercial Building For Sale

      Commercial building in downtown Ellijay, near shops and restaurants.
      44 N Church St, Ellijay, GA 30540
      View Details
    • New
      $642,000
      18.35 Acres

      Ellijay Commercial Land Opportunity

      18.35 acres of commercial land in a high-growth area.
      966 Progress Rd, Ellijay, GA 30540
      View Details
    • New
      $600,000
      9,624 SF

      Commercial Property with Income Potential

      1.35-acre commercial property with three buildings and four tenants.
      731 Progress Rd, Ellijay, GA 30540
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Furnished Office Space in Ellijay

      Furnished office space suitable for attorney, CPA, or other professionals.
      51 Broad St, Ellijay, GA 30540
      View Details
    • $5,000 /Mo
      217,800 SF

      Ellijay Land Lease Opportunity

      5 acres of versatile land available for lease in Ellijay.
      174 Power Sports Dr, Ellijay, GA 30540
      View Details
    • $3,000 /Mo
      1,908 SF

      Ellijay Commercial Warehouse For Rent

      Versatile warehouse space with highway visibility and ample parking.
      1328 Old Northcutt Rd, Ellijay, GA 30540
      View Details
    • $5,000 /Mo
      217,800 SF

      Ellijay Land Lease Opportunity

      5 acres of versatile land available for lease in Ellijay.
      174 Power Sports Dr, Ellijay, GA 30540
      View Details
    • $2,500 /Mo

      Furnished Office Space in Ellijay

      Furnished office space available for rent in downtown Ellijay.
      51 Broad St, Ellijay, GA 30540
      View Details
    • $7,260 /Mo
      206,474 SF

      Ellijay, GA Commercial Land

      4.74 acres of commercial land for lease in Ellijay.
      4.74Ac Eller Rd, Ellijay, GA 30540
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Mexican Restaurant For Sale In Ellijay With Owner Benfit Of $85K!
    Ellijay, GA 30540
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Mexican Restaurant For Sale In Ellijay With Owner Benfit Of $85K!, Ellijay, GA, 30540
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!