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Property profile & analytics
FOR SALE
Drive through restaurants
20 Spring Rd, Molena, GA 30258
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-0915208
For Sale
1 / 83
$685,000
20 Spring Rd, Molena, GA 30258
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1950
Total area
4,320 SF
Lot
0.06 ac (2,614 SF)
Zoning code
RESIDENTIAL
APN
019A-014
UPID
US22-0915208
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$705k
Owner & transaction history
1911 Downtown LLC · 4 yrs held
1911 Downtown LLC
since 2022
Last sale
$715,000
5 recorded transactions
Zoning & alternative use
RESIDENTIAL · Molena, 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 Molena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Molena 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
$680,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$635,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$545,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$435,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $715k (Jun 22 2022)
Last sale anchor
$715k
Jun 22 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
$163 / 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
$1,915
Tax year 2023
Assessed value
$46,680
Assessed 2023
Previous assessed
$46,680
+0.0% YoY
Effective rate
4.10%
On assessed value
Assessed land
$1,987
Assessed improvement
$44,693
Land market value
$4,968
Improvement market value
$111,733
Total market value
$116,701
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Sale
Year built
1950
Heating
CENTRAL
Cooling
REFRIGERATOR
Stories
2
Total area
4,320 SF
Lot
0.06 ac (2,614 SF)
Zoning code
RESIDENTIAL
APN
019A-014
UPID
US22-0915208
Jurisdiction
PIKE
Zoning & alternative use
RESIDENTIAL · Molena, GA
Zoning RESIDENTIAL · permitted uses
RESIDENTIAL · Molena, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Molena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$635,000
RETAIL STORES
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$435,000
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1950
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
1911 Downtown LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 177, WOODBURY, GA 30293-0177
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
—
1911 Downtown LLC
—
Deed
related
$713,103 · Atlantic Capital Bank
Jun 22, 2022
$715,000
1911 Downtown LLC
Arcadia Properties LLC
Limited Warranty Deed
—
Jun 10, 2021
—
Arcadia Properties LLC
Lumsden Properties LLC
Warranty Deed
—
Jun 10, 2021
$880,000
Arcadia Properties LLC
Lumsden Properties LLC
Warranty Deed
—
Apr 8, 2009
$286,500
Lumsden Properties LLC
Jones,patricia Ann
Grant Deed
—
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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