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Property profile & analytics
OFF-MARKET
Turn key restaurants
1400 Lee Rd, Lithia Springs, GA 30122-3019
Entity Owned
8-yr Hold
Free & Clear
Property ID
US22-0388703
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,664 SF
Lot
0.77 ac (33,541 SF)
Zoning code
C-G
APN
0719-18-2- -00004
UPID
US22-0388703
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
-
Waffle House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Waffle House INC · 8 yrs held
Waffle House INC
since 2018
7 recorded transactions
Zoning & alternative use
C-G · Lithia Springs, 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 Lithia Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithia Springs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,660
Tax year 2023
Assessed value
$209,400
Assessed 2023
Previous assessed
$209,400
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$64,680
Assessed improvement
$144,720
Land market value
$161,700
Improvement market value
$361,800
Total market value
$523,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
1
Total area
1,664 SF
Lot
0.77 ac (33,541 SF)
Zoning code
C-G
APN
0719-18-2- -00004
UPID
US22-0388703
Jurisdiction
DOUGLAS
Zoning & alternative use
C-G · Lithia Springs, GA
Zoning C-G · permitted uses
C-G · Lithia Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lithia Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
2
Lot
0.77 ac
Current owner
From public records · entity-resolved
Waffle House INC
Entity
Free & Clear · 8 yrs held
Mailing address
5986 FINANCIAL DR, NORCROSS, GA 30071-2949
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2018
$310,000
Waffle House INC
Bigbear Cw LLC
Warranty Deed
—
Jul 19, 2012
—
Bigbear Cw LLC
Crm Central Properties LLC
Quit Claim Deed
related
$150,000 · Renasant Bank
Jul 19, 2012
$140,000
Bigbear Cw LLC
Crm Central Properties LLC
Grant Deed
—
May 12, 2009
—
Crm Central Properties LLC
Conine,russell E & Trina L
Grant Deed
related
—
Mar 20, 2009
$500,000
Crm Central Properties LLC
Conine,russell E
Trustees Deed
—
Mar 3, 2009
—
Crm Central Properties LLC
Conine,russell E
Grant Deed
related
—
Dec 2, 2004
$300,000
Russell E Connie
Rk Properties LLC
Warranty Deed
$728,000 · Hometown Bank Villa Rica
—
—
Bigbear Cw LLC
—
Deed Of Trust
related
$50,000 · Renasant Bank
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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