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Property profile & analytics
OFF-MARKET
Commercial land
302 Ridgeway Rd Commerce, GA 30529-6265
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-0507589
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1958
Total area
2,052 SF
Lot
1.58 ac (68,825 SF)
Zoning code
C2
APN
B54D069
UPID
US22-0507589
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Waffle House INC · 2 yrs held
Waffle House INC
since 2024
Last sale
$320,000
7 recorded transactions
Zoning & alternative use
C2 · Commerce, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 2-212. C-2, General Commercial District. (a) Purpose and intent. The C-2 zoning district is intended to accommodate commercial uses that primarily serve the public traveling by automobile and which benefit from direct access to highways. This district is intended to accommodate a variety of commercial uses that are more intense than neighborhood retail…
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,068.69 ac
Source
Zoning Ordinance
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 Commerce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,442
Tax year 2023
Assessed value
$120,000
Assessed 2023
Previous assessed
$120,000
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$120,000
Land market value
$300,000
Total market value
$300,000
Applied tax rate
7.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1958
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,052 SF
Lot
1.58 ac (68,825 SF)
Zoning code
C2
APN
B54D069
UPID
US22-0507589
Jurisdiction
BANKS
Zoning & alternative use
C2 · Commerce, GAZoning C2 · permitted uses
C2 · Commerce, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 2-212. C-2, General Commercial District. (a) Purpose and intent. The C-2 zoning district is intended to accommodate commercial uses that primarily serve the public traveling by automobile and which benefit from direct access to highways. This district is intended to accommodate a variety of commercial uses that are more intense than neighborhood retail uses outside of residential areas along arterial streets and highways. Uses permitted in this district may generate odor, dust, noise, vibration, or traffic congestion and such uses are not necessarily conducted within
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,068.69 ac
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1958
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.58 ac
Current owner
From public records · entity-resolved
Waffle House INC
Entity
Free & Clear · 2 yrs held
Mailing address
302 E RIDGEWAY RD, COMMERCE, GA 30529-6265
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
$320,000
Waffle House INC
Banks Crossing Partners 2 LLC
Warranty Deed
—
Apr 11, 2022
—
Banks Crossing Partners 3 LLC
Capstone Acquisitions LLC
Limited Warranty Deed
—
Dec 23, 2021
$57,500,000
Cs1031 Capstone At Banks Crossing A
Faulkner Exchange LLC
Limited Warranty Deed
—
Dec 23, 2021
—
Cs1031 Capstone At Banks Crossing A
Faulkner Exchange LLC
Quit Claim Deed
related
—
Aug 27, 2021
—
Faulkner Exchange LLC
Banks Crossing Partners 1 LLC
Limited Warranty Deed
—
Aug 27, 2020
$841,026
Banks Crossing Partners 1 LLC
Capstone Acquisitions LLC
Warranty Deed
—
Oct 10, 2019
$280,000
Capstone Acquisitions LLC
Steve Michael Tanner
Warranty Deed
—
Aug 19, 2019
—
Steve Michael Tanner
Roy Tanner
Warranty Deed
related
—
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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