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    Property profile & analytics

    127 Exchange Blvd Bethlehem, GA 30620

    • Drive through restaurants
    • 3,887 SF
    • 1.20 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1519860
    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

    • Drive through restaurants

    Property Details for 127 Exchange Blvd

    Year built
    2010
    Construction
    WOOD
    Lot size
    1.20 lot acres
    Property size
    3,887 SF
    Zone code
    B-2
    Property type
    Drive through restaurants
    APN
    WN16 035
    APU
    WN16035

    Description

    This exceptional 4,482 square foot vacant retail property, formerly a Chick-fil-A, presents a unique investment opportunity in Bethlehem, Georgia. Located at 127 Exchange Blvd, this single-story building sits on a 1.24-acre lot and boasts a prime location at the US-29 and Hwy 81 interchange, a major thoroughfare. Built in 2010, the property features a drive-thru, a significant advantage for quick-service restaurants. The C3-Commercial zoning allows for a variety of uses. Bethlehem is experiencing robust residential growth, situated approximately 40 miles northeast of Atlanta, making it an attractive location for businesses. The property benefits from its proximity to Barrow Crossing, a retail hub averaging 423,000 monthly visits. This high-traffic area offers excellent visibility and accessibility, making it an ideal location for a thriving QSR or similar business. The APN is #WN16 035. This is a rare chance to acquire a well-located, established building in a growing market. The property is currently vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $450,000
      Current use
      AUTO REPAIR, GARAGE
      $375,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Barrow
    State
    Georgia
    Longitude
    -83.7523
    Latitude
    33.9471
    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
    2024
    $13,752
    $198,400
    $280,313
    $478,713
    -
    $496,000
    $700,783
    $1,196,783

    Comparable in this City

    • Value Estimation
      $285,000
      4,007 SF

      912 Loganville Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,007 SF
      912 Loganville Hwy, Bethlehem, GA 30620-2116
      View Details
    • Value Estimation
      $2,535,000
      2,610 SF

      93 Shepherd Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,610 SF
      93 Shepherd Ln, Bethlehem, GA 30620-1857
      View Details
    • Value Estimation
      $945,000
      5,221 SF

      97 Shepherd Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,221 SF
      97 Shepherd Ln, Bethlehem, GA 30620-1857
      View Details
    • Value Estimation
      $280,000
      3,077 SF

      Exchange Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,077 SF
      Exchange Ln, Bethlehem, GA 30620
      View Details
    • Value Estimation
      $295,000
      2,072 SF

      384 Exchange Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,072 SF
      384 Exchange Blvd, Bethlehem, GA 30620-1759
      View Details
    • Value Estimation
      $880,000
      2,467 SF

      382 Exchange Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,467 SF
      382 Exchange Blvd, Bethlehem, GA 30620-1759
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,482 SF

      Bethlehem, GA QSR Opportunity

      Vacant Chick-fil-A, High Traffic
      127 Exchange Blvd, Bethlehem, GA 30620
      View Details
    • $55,000

      Residential Lot in Wynterberry Subdivision

      0.56 acre lot with architectural blueprints for ranch home.
      2412 Snowshoe Bnd, Bethlehem, GA 30620
      View Details
    • $75,000

      Residential Building Lot For Sale

      Building lot with garage/building, large trees, and established grounds.
      1050 Bethlehem Church Rd, Bethlehem, GA 30620
      View Details
    • $3,360,000

      Prime Commercial Lot For Sale

      5.6 acre commercial lot near major retailers.
      449-455 Carl Bethlehem Rd SW, Bethlehem, GA 30620
      View Details
    • New
      $59,990
      0.56 Acres

      Residential Land in Wynterberry Subdivision

      0.56-acre lot in a quiet Bethlehem cul-de-sac.
      2412 Snowshoe Bnd, Bethlehem, GA 30620
      View Details
    • $259,000

      Residential Land in Bethlehem, GA

      Four wooded tracts available for building a dream home.
      3601 Indian Shoals Rd, Bethlehem, GA 30620
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Bethlehem Restaurant Space Available

      Prime Retail Space, 2400 sq ft
      306 Exchange Blvd, Bethlehem, GA 30620
      View Details
    • $22 SF/Yr
      200 SF

      Bethlehem Office Space For Rent

      Office space available for lease in Bethlehem, Georgia.
      426 Exchange Blvd, Bethlehem, GA 30620
      View Details
    • Contact for pricing

      Land for Rent in Bethlehem

      Land available for rent at 642 Carl Bethlehem Rd SW.
      642 Carl Bethlehem Rd SW, Bethlehem, GA 30620
      View Details
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    Bethlehem, GA 30620
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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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