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Property profile & analytics
OFF-MARKET
Turn key restaurants
317 Spg SE St Gainesville, GA 30501-3735
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-0915574
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1962
Total area
2,866 SF
Lot
0.41 ac (17,860 SF)
Zoning code
O-I
APN
01-003 -002-016
UPID
US22-0915574
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
-
Sizzling Spices Restaurant
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
Blue Square INC · 2 yrs held
Blue Square INC
since 2024
Last sale
$435,000
7 recorded transactions
Zoning & alternative use
O-I · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Standard O-I N-B C-B R-B G-B L-I H-I Table Notes: A “-“ in a cell = Not Permitted *Additional density may be allowed by the Governing Body with approval of a Special Use. **Required zoning buffers may be reduced in width with installation of a structural buffer as provided in Chapter 13-1. CITY OF GAINESVILLE, GA | Unified Land Development Code
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
423.13 ac
Source
ARTICLE 9-1
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 Gainesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gainesville 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,580
Tax year 2024
Assessed value
$299,600
Assessed 2024
Previous assessed
$294,240
+1.8% YoY
Effective rate
2.86%
On assessed value
Assessed land
$114,360
Assessed improvement
$185,240
Land market value
$285,900
Improvement market value
$463,100
Total market value
$749,000
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
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
1962
Heating
YES
Cooling
CENTRAL
Rooms
86
Bathrooms
2
Total area
2,866 SF
Lot
0.41 ac (17,860 SF)
Zoning code
O-I
APN
01-003 -002-016
UPID
US22-0915574
Jurisdiction
HALL
Zoning & alternative use
O-I · Gainesville, GAZoning O-I · permitted uses
O-I · Gainesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Standard O-I N-B C-B R-B G-B L-I H-I Table Notes: A “-“ in a cell = Not Permitted *Additional density may be allowed by the Governing Body with approval of a Special Use. **Required zoning buffers may be reduced in width with installation of a structural buffer as provided in Chapter 13-1. CITY OF GAINESVILLE, GA | Unified Land Development Code
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
423.13 ac
Source
ARTICLE 9-1
Building & site characteristics
From public records
Year built
1962
Heating
YES
Cooling
Yes
Rooms
86
Bathrooms
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Blue Square INC
Entity
Free & Clear · 2 yrs held
Mailing address
317 SPG ST SE, GAINESVILLE, GA 30501-3735
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
—
Blue Square INC
United States Small Business Admini
Quitclaim Deed
related
—
Jan 5, 2024
$1,250,000
Paramdharam Properties LLC
Blue Square INC
Warranty Deed
$956,355 · Peach State Bank And Trust
May 18, 2017
—
Blue Square INC
—
Deed
related
$435,361 · Branch Bk&tr
Feb 9, 2006
$435,000
Blue Square INC
Dragonette,mike
Grant Deed
—
—
—
Blue,square INC
—
Deed Of Trust
related
$30,000 · Branch Banking & Trust Co
—
—
Blue,square INC
—
Deed Of Trust
related
$383,098 · Branch Banking & Trust Co
—
—
Blue Square INC
—
Loan Modification
related
$435,361 · Branch Bk&tr
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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