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Property profile & analytics
OFF-MARKET
Estimated value
$3,120,000
Drive through restaurants
1156 Bankhead Hwy Carrollton, GA 30116-8501
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-0928529
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2018
Construction
STEEL FRAME
Total area
5,121 SF
Lot
2.56 ac (111,514 SF)
Zoning code
C2
APN
C04-022-0033
UPID
US22-0928529
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
-
Chick-fil-A Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.90M
Blend (final)
Blend
$3.12M
Owner & transaction history
Michael John Raedeke · 4 yrs held
Michael John Raedeke
since 2022
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
C2 · Carrollton, 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 Carrollton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carrollton 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
$3,500,000
ML approach
$3,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,505,000
Current use
MEDICAL BUILDING
$2,200,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±10% · vs last sale $2.40M (Jun 21 2022)
Last sale anchor
$2.40M
Jun 21 2022
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
$609 / 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
$27,899
Tax year 2023
Assessed value
$1,348,232
Assessed 2023
Previous assessed
$1,357,578
-0.7% YoY
Effective rate
2.07%
On assessed value
Assessed land
$856,000
Assessed improvement
$492,232
Land market value
$2,140,000
Improvement market value
$1,230,580
Total market value
$3,370,580
Applied tax rate
1.0000
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
2018
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Total area
5,121 SF
Lot
2.56 ac (111,514 SF)
Zoning code
C2
APN
C04-022-0033
UPID
US22-0928529
Jurisdiction
CARROLL
Zoning & alternative use
C2 · Carrollton, GA
Zoning C2 · permitted uses
C2 · Carrollton, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carrollton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.2M
RESTAURANT Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Buildings
2
Lot
2.56 ac
Current owner
From public records · entity-resolved
Michael John Raedeke
Individual
Mailing address
6379 W 83RD ST, LOS ANGELES, CA 90045-2843
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
$2,400,000
Michael John Raedeke
Spirit Master Funding Vii LLC
Warranty Deed
$1,200,000 · First Savings Bank
Dec 23, 2013
—
Spirit Master Funding Vii LLC
Spirit Master Funding V LLC
Quit Claim Deed
related
$330,000,000 · Citibank NA
May 10, 2011
$1,835,000
Cole B Portfolio I LLC
Figryanh LLC
Grant Deed
—
Apr 29, 2011
$1,835,000
Cole Bu Portfolio I LLC
Figryanh LLC
Grant Deed
—
Dec 1, 2006
$1,989,200
Figryanh LLC
Ryans Restaurant Group INC
Grant Deed
related
$64,515,000 · German American Capital Corp
—
—
Fire Mountain Restaurants LLC
—
Deed Of Trust
related
—
—
—
Fire Mountain Restaurant LLC
—
Deed Of Trust
related
—
—
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Fire Mountain Restaurants LLC
—
Deed Of Trust
related
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Fire Mountain Restaurants LLC
—
Deed Of Trust
related
—
—
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Fire Mountain Restaurants LLC
—
Deed Of Trust
related
—
—
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Fire Mountain Restaurants LLC
—
Deed Of Trust
related
—
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Fire Mountain Restaurants LLC
—
Deed Of Trust
related
—
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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