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Property profile & analytics
FOR SALE
Turn key restaurants
33 S Carolina St Hartwell, GA 30643
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-2491737
For Sale
1 / 56
$1,150,000
33 S Carolina St, Hartwell, GA 30643
View Listing →
Property summary
AI-generated overview
This exceptional 6,715 square foot retail space, located at 33 S Carolina Street in Hart, presents a turnkey opportunity for a restaurant or similar business. The single-tenant building sits on a 0.16-acre lot and is zoned B2, allowing for a variety of uses. The property boasts a fully equipped kitchen and ample space for dining, making it immediately operational. Its prime location ensures high visibility and foot traffic, ideal for attracting customers. The property features a charming atmosphere, perfect for creating a welcoming environment for patrons. There are no on-site parking spaces; however, the high foot traffic location minimizes the need for extensive parking. The property's Asset Parcel Number (APN) is I57D107. This is a rare opportunity to acquire a fully operational space in a thriving area, ready for immediate occupancy. The building's single-suite configuration offers simplicity and efficiency for the tenant. This property is perfect for an established business looking to expand or a new venture seeking a ready-made location. The B2 zoning provides flexibility for various commercial uses. Don't miss this chance to secure a highly desirable retail space in a bustling location.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1940
Total area
6,715 SF
Lot
0.13 ac (5,663 SF)
Zoning code
B2
APN
I57D-107
UPID
US22-2491737
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
-
Latin Flavors Steakhouse Hartwell Restaurant
-
Latin Flavors Steak House at Hartwell Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Lagos Management Group LLC · 2 yrs held
Lagos Management Group LLC
since 2023
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
B2 · Hartwell, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$765,000
+7.4%
Commercial (general)
$735,000
+3.0%
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 Hartwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hartwell 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
$900,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$715,000
Current use
AUTO REPAIR, GARAGE
$765,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$735,000
Change: +3% · Conversion: Easy
RETAIL STORES
$660,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Aug 3 2023)
Last sale anchor
$900k
Aug 3 2023
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
$134 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$938
Tax year 2023
Assessed value
$36,202
Assessed 2023
Previous assessed
$237,078
-84.7% YoY
Effective rate
2.59%
On assessed value
Assessed land
$36,202
Land market value
$90,506
Total market value
$90,506
Applied tax rate
2.0000
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
For Sale
Year built
1940
Heating
NONE
Total area
6,715 SF
Lot
0.13 ac (5,663 SF)
Zoning code
B2
APN
I57D-107
UPID
US22-2491737
Jurisdiction
HART
Zoning & alternative use
B2 · Hartwell, GAZoning B2 · permitted uses
B2 · Hartwell, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$735,000
RETAIL STORES
Est. value
$660,000
RESTAURANT Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1940
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Lagos Management Group LLC
Entity
Mailing address
33 S CAROLINA ST, HARTWELL, GA 30643-7203
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2023
$900,000
Lagos Management Group LLC
Diaz Management LLC
Warranty Deed
$1,000,000 · Diaz Management
Feb 11, 2022
$735,000
Latin Flavors Steakhouse At Hartwel
Chicago Steakhouse LLC
Warranty Deed
—
Feb 21, 2019
—
Chicago Steakhouse LLC
Farhan,sharif H
Warranty Deed
related
$350,000 · American Pride Bk
Mar 30, 2017
$165,000
Sharif H Farhan
Josephine D Fritsch
Warranty Deed
$123,750 · Pinnacle Bank
Jul 31, 2014
—
Josephine D Fritsch
Fritsch William A
Quit Claim 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.
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