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    Property profile & analytics

    2016 16th Ave Cordele, GA 31015-5309

    • Turn key restaurants
    • 14,772 SF
    • 2.82 lot acres
    OFF-MARKET
    Value Estimation
    $1,275,000
    Last Sale
    Feb 15, 2024
    $1,275,000
    Location Intelligence
    Property ID
    US22-3730582
    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

    • Suburban Studios / Hotel
    • Suburban Studios Extended Stay by Choice Hotels / Hotel
    • U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency
    • Ramada by Wyndham Cordele / Hotel / Lodge

    Property Details for 2016 16th Ave

    Year built
    1965
    Construction
    WOOD
    Lot size
    2.82 lot acres
    Property size
    14,772 SF
    Zone code
    COMMERCIAL
    Property type
    Turn key restaurants
    APN
    C39-003
    APU
    C39003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,190,000
      6.5%
      $1,145,000
      7%
      $1,115,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,325,000
      Geo Method
      $1,370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,100,000
      Retail
      $1,050,000
      Mixed-Use
      $1,145,000
      Hospitality
      $1,095,000
      Educational
      $1,230,000
      Residential Income
      $1,380,000
      Energy
      $1,210,000
      Income-Based Land
      $1,325,000
      Food Service
      $1,265,000

    Location Insight

    • Map
    • Local Demand
    City
    Cordele
    County
    Crisp
    State
    Georgia
    Longitude
    -83.7493
    Latitude
    31.9587
    CBSA code
    18380
    CBSA name
    CORDELE, GA MICROPOLITAN 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
    $25,460
    $429,660
    $249,400
    $679,060
    -
    $1,074,150
    $623,500
    $1,697,650

    Comparable in this City

    • Value Estimation by Request
      1,288 SF

      608 Joe Wright Dr

      RESTAURANT • 1,288 SF
      608 Joe Wright Dr, Cordele, GA 31015
      View Details
    • Value Estimation by Request
      3,577 SF

      2112 Joe Wright Dr

      RESTAURANT • 3,577 SF
      2112 Joe Wright Dr, Cordele, GA 31015-3910
      View Details
    • Value Estimation
      $180,000
      9,879 SF

      129 11th Ave

      RESTAURANT • 9,879 SF
      129 11th Ave, Cordele, GA 31015-4237
      View Details
    • Value Estimation
      $340,000
      3,500 SF

      2502 Us Hwy 280th W

      RESTAURANT • 3,500 SF
      2502 Us Hwy 280th W, Cordele, GA 31015-9379
      View Details
    • Value Estimation by Request
      960 SF

      1614 16th Ave

      RESTAURANT • 960 SF
      1614 16th Ave, Cordele, GA 31015-5305
      View Details
    • Value Estimation
      $490,000
      2,672 SF

      1702 16th Ave

      RESTAURANT • 2,672 SF
      1702 16th Ave, Cordele, GA 31015-5307
      View Details

    Similar Nearby for Sale

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      Prime Cordele Restaurant Opportunity

      Established Denny's, High Traffic Location
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      Cordele Commercial Property For Sale

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      Cordele Commercial Land on I-75

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    Cordele, GA 31015-5309
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    Realmo Value Estimation

    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.

    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.

    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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