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    Property profile & analytics

    1 Old Hwy Tybee Island, GA 31328

    • Turn key restaurants
    • 900 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1904524
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1 Old Hwy

    Year built
    1972
    Lot size
    1.09 lot acres
    Property size
    900 SF
    Zone code
    RA
    Property type
    Turn key restaurants
    APN
    4-0024 -01-003
    APU
    4002401003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tybee Island
    County
    Chatham
    State
    Georgia
    Longitude
    -80.883
    Latitude
    32.0141
    CBSA code
    42340
    CBSA name
    SAVANNAH, GA METROPOLITAN STATISTICAL AREA

    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
    0
    $0.00
    $146,240
    $55,720
    $201,960
    -
    $365,600
    $139,300
    $504,900

    Comparable in this City

    • Value Estimation
      $1,350,000
      0.31 Acres

      1115 Us Hwy 80

      RESTAURANT • 0.31 Acres
      1115 Us Hwy 80, Tybee Island, GA 31328
      View Details
    • Value Estimation by Request
      3,200 SF

      1315 Chatham Ave

      RESTAURANT • 3,200 SF
      1315 Chatham Ave, Tybee Island, GA 31328
      View Details
    • Value Estimation by Request
      1,060 SF

      40 Estill Hammock Rd

      RESTAURANT • 1,060 SF
      40 Estill Hammock Rd, Tybee Island, GA 31328-9702
      View Details
    • Value Estimation
      $2,410,000
      3,840 SF

      301 1st St

      RESTAURANT • 3,840 SF
      301 1st St, Tybee Island, GA 31328-8752
      View Details
    • Value Estimation
      $545,000
      1,684 SF

      1502 Butler Ave

      RESTAURANT • 1,684 SF
      1502 Butler Ave, Tybee Island, GA 31328
      View Details
    • Value Estimation by Request
      2,400 SF

      1311 Butler Ave

      RESTAURANT • 2,400 SF
      1311 Butler Ave, Tybee Island, GA 31328-9761
      View Details

    Similar Nearby for Sale

    • $799,000
      2,140 SF

      Updated Home with Income Apartment

      Updated home with apartment near beach, restaurants, shopping, entertainment.
      1404 Jones Ave, Tybee Island, GA 31328
      View Details
    • $295,000
      0.10 Acres

      Tybee Island Residential Land

      Residential land available on Tybee Island, Georgia.
      506 15Th St, Tybee Island, GA 31328
      View Details
    • $727,500
      0.28 Acres

      Tybee Island Commercial Zoned Land

      0.28-acre commercial-zoned lot with potential for various developments.
      106 Lewis Ave, Tybee Island, GA 31328
      View Details
    • $327,500
      0.20 Acres

      Tybee Island Marshfront Residential Land

      0.20-acre marshfront property with potential to build a cottage.
      108 Lewis Ave, Tybee Island, GA 31328
      View Details
    • $649,000
      2,160 SF

      Renovated Duplex Near Tybee Beach

      Updated duplex ideal for short-term rental or beach living.
      1209 5Th Ave, Tybee Island, GA 31328
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    • $50,000
      0.78 Acres

      Tybee Island Marshfront Lot

      Marshfront lot with creek access on Tybee Island.
      139 S Campbell Ave, Tybee Island, GA 31328
      View Details

    Similar Nearby for Lease

    • $8,700 /Mo
      1,000 SF

      Tybee Island Commercial Kitchen Lease

      Prime commercial kitchen space for lease on Tybee Island.
      1601 Butler Ave, Tybee Island, GA 31328
      View Details
    • $10,250 /Mo
      3,276 SF

      Tybee Island Restaurant Opportunity

      Restaurant opportunity in premier Tybee Island location.
      15 15Th St, Tybee Island, GA 31328
      View Details
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    1 Old Hwy
    Tybee Island, GA 31328
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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
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