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    7475 State Highway 60 Suches, GA 30572
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    7475 State Highway 60 Suches, GA 30572

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    • Retail properties & Spaces
    • 3.63 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 7475 State Highway 60

    Year built
    1890
    Lot size
    3.63 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Bars & Pubs

    Description

    This exceptional commercial property, located at 7475 State Highway 60 in Suches, Georgia, presents a unique investment opportunity. The 3.63-acre lot features two buildings, originally constructed in 1890, housing a thriving barbecue deli and bar. Recent renovations include an updated exterior and a remodeled kitchen, complemented by state-of-the-art equipment, such as a new $20,000 smoker. Modern amenities ensure seamless operations, with a new HVAC unit and commercial septic pump installed in late 2023. The property boasts two RV hookups and ample space for additional uses. Its prime location in the heart of the North Georgia Mountains offers easy access to popular attractions, including the Swinging Bridge, Lake Winfield Scott, and the Woody Gap AT Trail crossing, and is conveniently situated near Blue Ridge, Dahlonega, Blairsville, Hiawassee, and Helen. The property's proximity to popular tourist routes and nearby lodging options (including 29 Tiny Cabins and Suches Adventures Glamping) ensures a steady stream of potential customers. A Grizzle Creek trout stream runs through the property, adding to its natural charm. The asking price is $579,000. The property's versatility allows for diverse business expansions, including boon-docking, Harvest Host, equipment sales, RV/used car sales, a thrift store, Christmas tree farm, pumpkin patch, vegetable farm, or primitive camping. This established business, with a loyal local customer base, offers significant potential for growth and profitability in a thriving tourism market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Suches
    County
    Union - GA
    State
    Georgia
    Longitude
    -84.0672
    Latitude
    34.7195

    Comparable in this City

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      3920 Wolf Pen Gap Rd

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    • Value Estimation by Request
      1,216 SF

      7475 State Highway 60

      Commercial real estate • 1,216 SF
      7475 State Highway 60, Suches, GA 30572
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    • Value Estimation by Request
      6,537 SF

      3464 Wolf Pen Gap Rd

      COMMERCIAL (GENERAL) • 6,537 SF
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    • Value Estimation by Request
      1,550 SF

      3971 Wolf Pen Gap Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,550 SF
      3971 Wolf Pen Gap Rd, Suches, GA 30572-2354
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    • Value Estimation
      $615,000
      2,382 SF

      27880 Morganton Hwy

      CONVENIENCE STORE • 2,382 SF
      27880 Morganton Hwy, Suches, GA 30572-3918
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    • Value Estimation by Request
      6,840 SF

      24444 Morganton Hwy

      Commercial real estate • 6,840 SF
      24444 Morganton Hwy, Suches, GA 30572
      View Details

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    Suches, GA 30572
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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.

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