Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20 Spring Rd Molena, GA 30258

    • Drive through restaurants
    • 4,320 SF
    • 0.06 lot acres
    For Sale
    View listing
    $650,000
    Last Sale
    Jun 22, 2022
    $715,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0915208
    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 20 Spring Rd

    Year built
    1950
    Lot size
    0.06 lot acres
    Property size
    4,320 SF
    Zone code
    RESIDENTIAL
    Property type
    Drive through restaurants
    APN
    019A-014
    APU
    019A014

    Description

    This exceptional investment opportunity encompasses two adjoining properties at 20 and 30 Spring Road, nestled in the heart of historic downtown Molena, Georgia. The combined buildings offer a substantial 4,320 square feet of space, presenting a unique chance to establish a thriving bed and breakfast or explore a variety of other commercial ventures. The main structure features four upstairs bedrooms and a convenient laundry room. The ground floor boasts a captivating bar and well-equipped prep area, perfect for entertaining guests or hosting events. A dedicated dance floor area adds to the versatility of the space, creating possibilities for diverse uses. Adding to the appeal, a separate cabin situated behind the main buildings is included in the sale. This charming cabin provides additional accommodation or potential for expansion. The sale includes three separate parcel IDs: 019A 020, 019A 014, and 019A 015, encompassing a total of 0.06 acres of land. This property offers a rare blend of historical charm, ample space, and prime downtown location, making it an ideal investment for discerning buyers seeking a unique and profitable venture in the vibrant town of Molena. The property is priced at $875,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $680,000
      ML approach
      $640,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $635,000
      RETAIL STORES
      $545,000
      AUTO REPAIR, GARAGE
      $435,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Molena
    County
    Pike
    State
    Georgia
    Longitude
    -84.4998
    Latitude
    33.0116
    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
    2023
    $1,915
    $1,987
    $44,693
    $46,680
    -
    $4,968
    $111,733
    $116,701

    Comparable in this City

    • Value Estimation
      $195,000
      2,000 SF

      14 Spg Rd

      RESTAURANT • 2,000 SF
      14 Spg Rd, Molena, GA 30258-2804
      View Details
    • Value Estimation
      $300,000
      3,050 SF

      7376 Crst Hwy

      CONVENIENCE STORE • 3,050 SF
      7376 Crst Hwy, Molena, GA 30258-3905
      View Details
    • Value Estimation
      $640,000
      2,160 SF

      30 Spg Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      30 Spg Rd, Molena, GA 30258
      View Details
    • Value Estimation
      $240,000
      468 SF

      215 Jct Rd

      BARBER, HAIR SALON • 468 SF
      215 Jct Rd, Molena, GA 30258-3511
      View Details
    • Value Estimation
      $235,000
      1,798 SF

      Main St

      AUTO REPAIR, GARAGE • 1,798 SF
      Main St, Molena, GA 30258
      View Details
    • Value Estimation
      $305,000
      1,728 SF

      Ga Hwy 109

      RETAIL STORES (PERSONAL SERVICES) • 1,728 SF
      Ga Hwy 109, Molena, GA 30258
      View Details

    Similar Nearby for Sale

    • $650,000
      6,480 SF

      Downtown Molena Commercial Opportunity

      Two brick buildings ideal for restaurant, retail, or hospitality.
      20 Spring Rd, Molena, GA 30258
      View Details
    • $49,900
      3.58 Acres

      Residential Land in Pike County

      3.58 acre residential lot near Still Branch Reservoir.
      Bagwell Rd, Molena, GA 30258
      View Details
    • $364,999
      52.15 Acres

      52 Acres of Georgia Land

      Prime land in Pike County, ideal for hunting or development.
      000 Smyrna Church Rd, Molena, GA 30258
      View Details
    • $158,100
      10.54 Acres

      Pike County Wooded Land

      10.54 acre wooded lot in Pike County, Georgia.
      TB1 Roberts Quarters Rd, Molena, GA 30258
      View Details
    • $150,000
      9.61 Acres

      9.61 Acre Wooded Lot

      9.61 acre wooded lot in Pike County, Georgia.
      L-2 Smyrna Church Rd, Molena, GA 30258
      View Details
    • New
      $99,900
      Pending

      Pike County Homestead Land

      7.45 acres in Pike County with existing well/septic.
      948 Smyrna Church Rd, Molena, GA 30258
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20 Spring Rd
    Molena, GA 30258
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.