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    1061 Village Park Dr Greensboro, GA 30642

    • Turn key restaurants
    • 1,500 SF
    • 0.02 lot acres
    For Sale
    View listing
    $670,000
    Value Estimation
    Last Sale
    Apr 30, 2020
    $600,000
    Location Intelligence
    Property ID
    US22-3275193
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1061 Village Park Dr

    Year built
    2006
    Construction
    WOOD
    Lot size
    0.02 lot acres
    Property size
    1,500 SF
    Property type
    Turn key restaurants
    APN
    056-A-0D-001-0
    APU
    056A0D0010

    Description

    This exceptional Italian restaurant, located at 1061 Village Park Dr in Greensboro, GA 30642, presents a lucrative investment opportunity. Boasting 5,800 square feet of space, this well-established establishment seats 160 diners, with an additional 28 bar seats and 20 outdoor patio seats. Currently operating Monday through Saturday from 5 PM to 10 PM, the restaurant enjoys a prime location minutes from the Ritz Carlton Reynolds Plantation and Lake Oconee, catering to a high-income demographic. Financial records reveal impressive performance: 2022 gross sales reached $1,324,449 (dinners only), yielding a net profit of $236,699.53. 2023 saw even greater success, with gross sales of $1,469,011 (dinners only) and a net profit of $304,866.77. The current monthly rent for the business is $5,400 all-inclusive, with a new long-term lease negotiable. The business is priced at $670,000, with the real estate available for an additional $1,000,000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $685,000

    • CAP approach

      CAP return
      Estimation
      6%
      $785,000
      6.5%
      $800,000
      7%
      $740,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $780,000
      Geo Method
      $780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $780,000
      Retail
      $625,000
      Mixed-Use
      $565,000
      Hospitality
      $660,000
      Educational
      $620,000
      Residential Income
      $675,000
      Energy
      $710,000
      Income-Based Land
      $620,000
      Food Service
      $795,000

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Greene
    State
    Georgia
    Longitude
    -83.2453
    Latitude
    33.4666

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,526
    $24,000
    $60,080
    $84,080
    -
    $60,000
    $150,200
    $210,200

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
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      1100 Parkside Main Ste, Unit 103

      RESTAURANT • 1,350 SF
      1100 Parkside Main Ste, Greensboro, GA 30642-4545
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    • Value Estimation
      $555,000
      0.06 Acres

      1010 Cowles Clinic Wayb

      RESTAURANT • 0.06 Acres
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      View Details

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    Greensboro, GA 30642
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    Realmo Value Estimation

    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.

    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.

    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
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