Individually Owned 
For Sale
1 / 34
$325,000
115 Elm St, Lincolnton, GA 30817
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Property summary
AI-generated overview
A freestanding restaurant building totaling approximately 1,952 square feet, historically operated as a Huddle House. The interior includes updates such as modern Low-E windows, refreshed bathrooms, and upgraded plumbing fixtures, along with building-system and site improvements including a tankless water heater, inground grease traps, a replaced HVAC unit for the roof system, and additional insulated glass on the 378 side. The facility is configured for restaurant service with seating for approximately 45 guests and includes a three-sided dumpster area plus a grease dump location screened from view. Located at the intersection of Hwy 47 and Hwy 378 in Lincolnton, Georgia, the property provides 30 designated on-site parking spaces and features a large roadside sign with a marquee. Zoned C-1, the building is suitable for a range of commercial uses, including restaurant, café, retail, or professional office, supported by established on-site parking and restaurant-oriented infrastructure such as grease traps and seating.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Construction
TYPE NOT SPECIFIED
Total area
1,952 SF
Lot
0.48 ac (20,909 SF)
Zoning code
COMMERCIAL
APN
L05 213
UPID
US22-3497190
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$175k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$175k
Owner & transaction history
since 2024
Last sale
$175,000
2 recorded transactions
Zoning & alternative use
COMMERCIAL · Lincolnton, GA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$175k
Value range
$158k – $193k
±10% around blend
Estimated value / SF
$90 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$158k
blend $175k
$193k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,952 SF
Lot area
0.48 ac
Year built
1995
APN
L05 213
Zoning
COMMERCIAL
Assessed value
$109,832
Annual tax
$3,627
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$3,627
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$175k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
7.06%
Selected cap rate for this turn key restaurants
Derived from the Lincolnton market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.06%
9.0%
NOI (est.)
$23k *
Last sale · Apr 2024
$175k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$325k
Move the market yield to see immediate price impact.
Value / SF
$166
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.56%7.06%7.56%
$21k
$315k
$292k
$273k
$23k
$350k
$325k
$303k
$25k
$385k
$357k
$334k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,627
Tax year 2023
Assessed value
$109,832
Assessed 2023
Previous assessed
$109,832
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$36,280
Assessed improvement
$73,552
Land market value
$90,700
Improvement market value
$183,880
Total market value
$274,580
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1995
Construction
TYPE NOT SPECIFIED
Heating
NONE
Total area
1,952 SF
Lot
0.48 ac (20,909 SF)
Zoning code
COMMERCIAL
APN
L05 213
UPID
US22-3497190
Jurisdiction
LINCOLN
Zoning & alternative use
COMMERCIAL · Lincolnton, GAZoning COMMERCIAL · permitted uses
COMMERCIAL · Lincolnton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1995
Construction
TYPE NOT SPECIFIED
Heating
NONE
Lot
0.48 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
COMMERCIAL
Jurisdiction
Lincolnton, GA
Recorded code
COMMERCIAL
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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