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    Property profile & analytics

    2455 Broad St Athens, GA 30606-3419

    • Turn key restaurants
    • 3,698 SF
    • 0.97 lot acres
    OFF-MARKET
    Last Sale
    Jan 29, 2021
    $1,500,000
    Value Estimations
    $1,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1568683
    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

    • Sr. Sol 2 Mexican Restaurant / Restaurant

    Property Details for 2455 Broad St

    Year built
    1964
    Lot size
    0.97 lot acres
    Property size
    3,698 SF
    Zone code
    C-G
    Property type
    Turn key restaurants
    APN
    12-3-B1 A-003
    APU
    123B1A003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,040,000
      ML approach
      $1,005,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,136,000
      Market price range: $862k - $2.29M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,470,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.4188
    Latitude
    33.947
    CBSA code
    12020
    CBSA name
    ATHENS-CLARKE COUNTY, 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
    $13,625
    $174,600
    $261,409
    $436,009
    -
    $436,500
    $653,522
    $1,090,022

    Comparable in this City

    • Value Estimation by Request
      7,028 SF

      2310 Broad St

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      2310 Broad St, Athens, GA 30606-3418
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    • Value Estimation
      $2,270,000
      6,160 SF

      1797 Oconee

      RESTAURANT • 6,160 SF
      1797 Oconee, Athens, GA 30606
      View Details
    • Value Estimation by Request
      6,694 SF

      3151 Atlanta Hwy

      RESTAURANT • 6,694 SF
      3151 Atlanta Hwy, Athens, GA 30606-3332
      View Details
    • Value Estimation by Request
      1,636 SF

      1710 Epps Brg Pkwy

      RESTAURANT • 1,636 SF
      1710 Epps Brg Pkwy, Athens, GA 30606-6107
      View Details
    • Value Estimation
      $5,015,000
      8,011 SF

      1956 Broad St

      RESTAURANT • 8,011 SF
      1956 Broad St, Athens, GA 30606-3542
      View Details
    • Value Estimation by Request
      1,320 SF

      1397 Prince Ave

      RESTAURANT • 1,320 SF
      1397 Prince Ave, Athens, GA 30606-2733
      View Details

    Similar Nearby for Sale

    • $200,000
      1.04 Acres

      Turnkey Restaurant Business For Sale

      Fully equipped restaurant business for sale in a high-traffic location.
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      View Details
    • $2,000,000
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      Athens Retail Building - High Traffic

      Prime Retail Space, High Visibility, Ample Storage
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    • New
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      Prime Commercial Parcel on Atlanta Highway

      1.5-acre commercial parcel suitable for retail, restaurant, office, and more.
      3180 Atlanta Hwy, Athens, GA 30606
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    • $1,250,000
      11,000 SF

      Retail Building on Atlanta Highway

      6,000 SF showroom with 5,000 SF basement in Athens.
      4250 Atlanta Hwy, Bogart, GA 30606
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    • $1,150,000
      4,174 SF

      High-Visibility Commercial Property, Athens

      Prime commercial opportunity in a high-traffic Athens corridor.
      2000 W Broad St, Athens, GA 30606
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    • Contact for pricing

      Renovated Office/Retail Suite Available

      Renovated office/retail suite near 10 loop with parking.
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    Similar Nearby for Lease

    • $1,995 /Mo
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      High-Visibility Commercial Space Available

      Prime commercial space suitable for various businesses in Athens, GA.
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    • $11,000 /Mo
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      Prime Commercial Parcel on Atlanta Highway

      1.5-acre commercial parcel suitable for retail, restaurant, office, and more.
      3180 Atlanta Hwy, Athens, GA 30606
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    • $3,645 /Mo
      5,000 SF

      Athens Commercial Space For Lease

      Versatile commercial space suitable for market, club, bar, or retail.
      215 Tallassee Rd, Athens, GA 30606
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    • New
      $3,645 /Mo
      5,000 SF

      Athens Commercial Space For Lease

      Versatile commercial space suitable for market, club, bar, or store.
      215 Tallassee Rd, Athens, GA 30606
      View Details
    • $1,995 /Mo
      2,059 SF

      High-Visibility Commercial Space Available

      Prime commercial space suitable for various business ventures.
      215 Tallassee Rd, Athens, GA 30606
      View Details
    • New
      $850 /Mo
      600 SF

      Commercial Space in Athens, GA

      Retail or office space available in Athens, Georgia.
      215 Tallassee - A Rd, Athens, GA 30606
      View Details
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    2455 Broad St
    Athens, GA 30606-3419
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    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
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