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Property profile & analytics
FOR SALE
Turn key restaurants
101 Lovell Ave, Tybee Island, GA 31328
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US22-3828741
For Sale
1 / 63
$1,590,000
101 Lovell Ave, Tybee Island, GA 31328
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1928
Total area
2,731 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C2A
APN
4-0004 -01-015
UPID
US22-3828741
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Salt Island Fish and Beer Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$535k
Owner & transaction history
Anchor Down LLC · 8 yrs held
Anchor Down LLC
since 2018
4 recorded transactions
Zoning & alternative use
C2A · Tybee Island, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tybee Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tybee Island submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$196 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$408,760
Assessed 2024
Previous assessed
$417,240
-2.0% YoY
Assessed land
$249,160
Assessed improvement
$159,600
Land market value
$622,900
Improvement market value
$399,000
Total market value
$1,021,900
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1928
Heating
NONE
Buildings
2
Stories
1
Total area
2,731 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C2A
APN
4-0004 -01-015
UPID
US22-3828741
Jurisdiction
CHATHAM
Zoning & alternative use
C2A · Tybee Island, GA
Zoning C2A · permitted uses
C2A · Tybee Island, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tybee Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Heating
NONE
Stories
1
Buildings
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Anchor Down LLC
Entity
Mailing address
PO BOX 729, TYBEE ISLAND, GA 31328-0729
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
Anchor Down LLC
—
Deed
related
$100,000 · Coastal Area District Development Author
May 2, 2018
—
Anchor Down LLC
—
Deed
related
$1,003,000 · Tc Federal Bank
Apr 30, 2018
$1,150,000
Anchor Down LLC
Macjanlynn LLC
Warranty Deed
$425,000 · Coastal Area District Dev Authority
Jul 25, 2008
$1,218,500
Macjanlynn LLC
Not Provided
Deed
$511,000 · Small Business Assistance
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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