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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Turn key restaurants
278 Carpenters Cv Ln Cornelia, GA 30531-5405
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1533554
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Total area
5,762 SF
Lot
4.23 ac (184,259 SF)
Zoning code
HB
APN
083 136A
UPID
US22-1533554
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
-
LongHorn Steakhouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$675k
Blend (final)
Blend
$505k
Owner & transaction history
Fcpt Hospitality Properties Ll · 10 yrs held
Fcpt Hospitality Properties Ll
since 2015
2 recorded transactions
Zoning & alternative use
HB · Cornelia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
disturbance permit or building permit in the HB district. Site plans shall be certified by a Georgia licensed engineer or surveyor and shall, at a minimum, show: - A field run topographic survey with a maximum contour of two f eet. - Location of all natural features on the property, including, b ut not limited to, state waters, streams, watercourses, drainag…
Zone name
Highway Business District
General category
COMMERCIAL
Zone area
350.49 ac
Top alternative use upside
Apartment house (5+ units)
$665,000
+20.8%
Auto repair, garage
$575,000
+4.3%
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 Cornelia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cornelia 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
by Request
ML approach
$335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$550,000
Current use
APARTMENT HOUSE (5+ UNITS)
$665,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$575,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$520,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
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
$88 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$18,553
Tax year 2024
Assessed value
$714,808
Assessed 2024
Previous assessed
$616,872
+15.9% YoY
Effective rate
2.60%
On assessed value
Assessed land
$395,928
Assessed improvement
$318,880
Land market value
$989,820
Improvement market value
$797,200
Total market value
$1,787,020
Applied tax rate
3.0000
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
2008
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
5,762 SF
Lot
4.23 ac (184,259 SF)
Zoning code
HB
APN
083 136A
UPID
US22-1533554
Jurisdiction
HABERSHAM
Zoning & alternative use
HB · Cornelia, GAZoning HB · permitted uses
HB · Cornelia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
disturbance permit or building permit in the HB district. Site plans shall be certified by a Georgia licensed engineer or surveyor and shall, at a minimum, show: - A field run topographic survey with a maximum contour of two f eet. - Location of all natural features on the property, including, b ut not limited to, state waters, streams, watercourses, drainage areas, floodplains. - Location of adjoining property boundaries and identification o f current owners of same. - All existing buildings and structures. 42-46 - All proposed new buildings. - Locations, widths, and names o f all streets and public accessw ays within and immediately adjoining the subject property. - Street centerlines showing angles of deflection, angles of int ersection, radii, length of tangents and arcs, and degree of curvature with basis of cur ve data. - Interparcel access, which shall be provided where reasonably f easible. - Plans shall demonstrate complia nce with the applicable lot dim ensions and setbacks from Table 7.2. - Location, dimensions and purpose of all drainage and stormwate r structures and facilities to serve the property. - Location of any utility e asements on the property.
Zone name
Highway Business District
General category
COMMERCIAL
Zone area
350.49 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$550,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$520,000
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2008
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
4.23 ac
Current owner
From public records · entity-resolved
Fcpt Hospitality Properties Ll
Entity
Free & Clear · 10 yrs held
Mailing address
1000 DARDEN CTR DR, ORLANDO, FL 32837-4032
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2015
$2,887,322
Fcpt Hospitality Properties Ll
Hospitality Internati Rare
Warranty Deed
—
Jul 1, 2008
$881,500
Rare Hospitality International
Not Provided
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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