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Property profile & analytics
OFF-MARKET
Estimated value
$7,375,000
Drive through restaurants
1015 16th Ave Cordele, GA 31015-1539
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-2855766
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2007
Total area
1,739 SF
Lot
0.55 ac (23,958 SF)
Zoning code
COMMERCIAL
APN
C26-007
UPID
US22-2855766
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
-
Sonic Drive-In Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.38M
Owner & transaction history
Cordele Retail LLC · 4 yrs held
Cordele Retail LLC
since 2021
Last sale
$7.3M
1 recorded transaction
Zoning & alternative use
COMMERCIAL · Cordele, GA
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 Cordele submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cordele 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
$7,605,000
ML approach
$6,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.38M
Range $6.64M – $8.11M · ±10% · vs last sale $7.26M (Dec 17 2021)
Last sale anchor
$7.26M
Dec 17 2021
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
$4,241 / 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,297
Tax year 2023
Assessed value
$327,974
Assessed 2023
Previous assessed
$327,974
+0.0% YoY
Effective rate
3.75%
On assessed value
Assessed land
$176,400
Assessed improvement
$151,574
Land market value
$441,000
Improvement market value
$378,935
Total market value
$819,935
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2007
Heating
CENTRAL
Total area
1,739 SF
Lot
0.55 ac (23,958 SF)
Zoning code
COMMERCIAL
APN
C26-007
UPID
US22-2855766
Jurisdiction
CRISP
Zoning & alternative use
COMMERCIAL · Cordele, GAZoning COMMERCIAL · permitted uses
COMMERCIAL · Cordele, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Community Development
Building & site characteristics
From public records
Year built
2007
Heating
CENTRAL
Lot
0.55 ac
Current owner
From public records · entity-resolved
Cordele Retail LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 69434, WEST HOLLYWOOD, CA 90069-0434
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$7,261,500
Cordele Retail LLC
Brixmor Ga Apollo IV Sub LLC
Limited Warranty Deed
—
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.
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