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Property profile & analytics
OFF-MARKET
Turn key restaurants
1406 Washington St Clarkesville, GA 30523-5404
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1443643
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,580 SF
Lot
0.05 ac (2,178 SF)
Zoning code
DB
APN
069A124
UPID
US22-1443643
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
-
Your Pie Pizza 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
Trs2415 LLC · 3 yrs held
Trs2415 LLC
since 2022
Last sale
$322,000
7 recorded transactions
Zoning & alternative use
DB · Clarkesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Downtown Business District is intended to establish and preserve the central areas of the City containing a variety of retail business and service establishments that are intended as pedestrian destinations. The DB district is intended to encourage pedestrian movement to, from and among the various establishments. Off-street parking may be in nearby publ…
Zone name
Downtown Business District
General category
COMMERCIAL
Zone area
17.13 ac
Source
Realmo
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 Clarkesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clarkesville 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 2024Property tax & assessments
Tax year 2024
Tax billed
$4,546
Tax year 2024
Assessed value
$175,168
Assessed 2024
Previous assessed
$126,928
+38.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$21,764
Assessed improvement
$153,404
Land market value
$54,410
Improvement market value
$383,510
Total market value
$437,920
Applied tax rate
2.0000
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
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
8
Total area
6,580 SF
Lot
0.05 ac (2,178 SF)
Zoning code
DB
APN
069A124
UPID
US22-1443643
Jurisdiction
HABERSHAM
Zoning & alternative use
DB · Clarkesville, GAZoning DB · permitted uses
DB · Clarkesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Downtown Business District is intended to establish and preserve the central areas of the City containing a variety of retail business and service establishments that are intended as pedestrian destinations. The DB district is intended to encourage pedestrian movement to, from and among the various establishments. Off-street parking may be in nearby public (or private) parking lots to facilitate pedestrian access to the area.
Zone name
Downtown Business District
General category
COMMERCIAL
Zone area
17.13 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
8
Lot
0.05 ac
Current owner
From public records · entity-resolved
Trs2415 LLC
Entity
Mailing address
1421 PARKER CRK RD, WATKINSVILLE, GA 30677-7592
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
$322,000
Trs2415 LLC
Washington Street Buildings LLC
Warranty Deed
$210,000 · Synovus Bank
Nov 27, 2017
—
Washington Street Buildings Ll
—
Deed
related
$250,000 · Clarkesville Downtown Dev Authority
Mar 31, 2017
—
Washington Street Buildings Ll
Not Provided
Warranty Deed
—
May 3, 2016
—
Downtown Development Authority
—
Deed
related
$660,000 · The City Of Clarkesville
Apr 22, 2016
—
Downtown Dev Authority Of Clar
The City Of Clarkesville
Warranty Deed
—
Sep 19, 2014
$35,000
City Of Clarkesville Georgia
Janet Parker
Warranty Deed
—
Sep 10, 2014
$60,000
City Of Clarkesville Georgia
Johnny Lee Corp
Warranty Deed
—
Apr 5, 2005
$275,000
Johnny Lee Corp
Shark Co INC
Deed
$212,500 · United Community 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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