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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1129 Highway 92 Acworth, GA 30102

    • Turn key restaurants
    • 6,641 SF
    • 1.27 lot acres
    For Lease
    View listing
    $50 SF/Yr
    Last Sale
    Apr 26, 2021
    $1,900,000
    Value Estimations
    $1,960,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1472107
    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

    • Ihop / Family Restaurant / Restaurant
    • Atlanta mobile Truck Maintenance / Truck Repair Shop / Atm

    Property Details for 1129 Highway 92

    Year built
    2015
    Construction
    WOOD
    Lot size
    1.27 lot acres
    Property size
    6,641 SF
    Zone code
    GC
    Property type
    Turn key restaurants
    APN
    21N06 006
    APU
    21N06006

    Description

    This exceptional 2,500 square foot end-cap restaurant space, located at 1129 Hwy 92 in Acworth, Georgia (zip code 30102), presents a remarkable quick-service restaurant (QSR) lease opportunity. Situated on 1.27 acres of land, this single-story building, constructed in 2016 and renovated in 2023, boasts a total of 6,269 square feet and features two suites. The available space includes a 500 square foot patio. The property is conveniently located near the intersection of Hwy 92 and Larry McDonald Memorial Hwy, benefiting from high visibility and significant traffic volume exceeding 146,000 vehicles daily due to its proximity to I-75. This multi-tenant building offers a "vanilla shell" interior, allowing for complete tenant customization. Utilities are readily available, including a 400-amp electrical panel, separately metered gas, and a less-than-five-year-old HVAC system. Plumbing is stubbed out. The drive-thru features two loops with pre-installed stub-outs for menu and order boards. A grease trap and designated dumpster are also in place. The property offers ample parking with 83 spaces. The tenant will enjoy prime entrance visibility and prominent signage, sharing a pylon sign with iHop, a national breakfast chain slated to open in early 2024. The drive-thru can accommodate up to 20 vehicles. The property is zoned GC and has an APN of 21-1278-0008. Minimum divisible space is 2,500 square feet, with a maximum contiguous space of 2,500 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,945,000
      ML approach
      $2,090,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,333,000
      Market price range: $1.61M - $5.10M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,015,000
      Current use
      OFFICE BUILDING
      $2,875,000
      Change: -5% Conversion: Moderate
      MEDICAL BUILDING
      $2,480,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Acworth
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.6551
    Latitude
    34.0817
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, 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
    2023
    $19,734
    $464,680
    $286,148
    $750,828
    -
    $1,161,700
    $715,370
    $1,877,070

    Comparable in this City

    • Value Estimation by Request
      1,512 SF

      1133 Hwy 92

      RESTAURANT • 1,512 SF
      1133 Hwy 92, Acworth, GA 30102-2085
      View Details
    • Value Estimation
      $670,000
      11,432 SF

      5735 Bells Fry Rd

      RESTAURANT • 11,432 SF
      5735 Bells Fry Rd, Acworth, GA 30102-1903
      View Details
    • Value Estimation by Request
      2,385 SF

      5685 Bells Fry Rd

      RESTAURANT • 2,385 SF
      5685 Bells Fry Rd, Acworth, GA 30102-2517
      View Details
    • Value Estimation
      $545,000
      4,354 SF

      4415 Wade Grn NW Rd

      RESTAURANT • 4,354 SF
      4415 Wade Grn NW Rd, Acworth, GA 30102
      View Details
    • Value Estimation
      $1,390,000
      1,932 SF

      6261 Hwy 92

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,932 SF
      6261 Hwy 92, Acworth, GA 30102-7526
      View Details
    • Value Estimation
      $985,000
      3,066 SF

      6199 Hwy 92

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,066 SF
      6199 Hwy 92, Acworth, GA 30102-2344
      View Details

    Similar Nearby for Sale

    • $1,900,000
      6,250 SF

      Acworth Commercial Property with Drive-Thru

      Versatile commercial building with drive-thru in growing Woodstock area.
      6835 Victory Dr, Acworth, GA 30102
      View Details
    • $750,000
      1,866 SF

      Acworth Retail Building - $750K

      Prime Acworth location, vacant storefront, redevelopment potential.
      6370 Bells Ferry Rd, Acworth, GA 30102
      View Details
    • $500,000
      2.00 Acres

      Acworth Commercial Land - 2 Acres

      Prime Hwy 92 location, zoned NC
      0 Centennial Dr, Acworth, GA 30102
      View Details
    • $745,000
      81,457 SF

      Acworth Hwy 92 Development Land

      High-traffic commercial lot, near I-75 & I-575
      Highway 92, Acworth, GA 30102
      View Details
    • $100,000
      1.46 Acres

      Acworth Land Prime Location

      1.46 acres of residential land in a prime location.
      5226 Woodstock Rd, Acworth, GA 30102
      View Details
    • $1,800,000
      2.65 Acres

      Acworth Land with Commercial Potential

      Land in high-growth area with potential for commercial conversion.
      1463 Kellogg Creek Rd, Acworth, GA 30102
      View Details

    Similar Nearby for Lease

    • $50 SF/Yr
      6,269 SF

      Acworth QSR w/ Drive-Thru

      Prime Acworth location, 2,500 SF QSR space.
      1129 Highway 92, Acworth, GA 30102
      View Details
    • Contact for pricing
      103,835 SF

      6199 Highway 92

      Retail properties • 103,835 SF
      6199 Highway 92, Acworth, GA 30102
      View Details
    • Contact for pricing

      Hwy 92 Alabama Rd Commercial Land

      2.35-acre commercial lot, lease only.
      0 Alabama Rd, Acworth, GA 30102
      View Details
    • $15 SF/Yr

      Undeveloped Land on Highway 92

      Undeveloped commercial land for lease on Highway 92 in Acworth.
      2532 Georgia 92, Acworth, GA 30102
      View Details
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    1129 Highway 92
    Acworth, GA 30102
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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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