Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3835 Appalachian Hwy Blue Ridge, GA 30513

    • Drive through restaurants
    • 2,406 SF
    • 1.00 lot acres
    For Sale
    View listing
    Last Sale
    Apr 07, 2021
    $665,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3516977
    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

    • Bojangles / Restaurant

    Property Details for 3835 Appalachian Hwy

    Year built
    2021
    Construction
    CONCRETE
    Lot size
    1.00 lot acres
    Property size
    2,406 SF
    Zone code
    RESIDENTIAL
    Property type
    Drive through restaurants
    APN
    0052 110A
    APU
    0052110A

    Description

    This 2,425 square foot Bojangles restaurant, built in 2021, is situated on a 0.714-acre lot in Blue Ridge, Georgia, at 3835 Appalachian Hwy, 30513. The property boasts a strong 5.85% cap rate with a Net Operating Income (NOI) of $150,037. The absolute triple-net (NNN) lease with the tenant, BOJ of WNC, LLC, runs for 16 years, commencing December 30, 2021, and expiring December 30, 2037. The property features 24 parking spaces and is zoned for General Commercial use. This high-performing location is in the top 10% of sales volume for the tenant and benefits from high visibility on Appalachian Highway, with a daily traffic count of 19,100 vehicles. The area is a thriving retail corridor with over 1.1 million square feet of retail space within a two-mile radius, including major retailers such as Walmart, Home Depot, and numerous fast-food chains. Its proximity to Lake Blue Ridge, a major tourist destination, further enhances its investment potential. The location also benefits from its proximity to financial institutions, a hospital, a university campus, a high school, and an airport. This presents a compelling opportunity for investors seeking a stable, high-yield investment in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $695,000
      ML approach
      $660,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $424,000
      Market price range: $189k - $425k

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ridge
    County
    Fannin
    State
    Georgia
    Longitude
    -84.3281
    Latitude
    34.8719

    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
    $6,017
    $200,000
    $222,384
    $422,384
    -
    $500,000
    $555,959
    $1,055,959

    Comparable in this City

    • Value Estimation by Request
      2,629 SF

      15 Progress Cir

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,629 SF
      15 Progress Cir, Blue Ridge, GA 30513
      View Details
    • Value Estimation by Request
      1,694 SF

      4223 Appalachian Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,694 SF
      4223 Appalachian Hwy, Blue Ridge, GA 30513-5078
      View Details
    • Value Estimation by Request
      2,983 SF

      3960 Appalachian Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,983 SF
      3960 Appalachian Hwy, Blue Ridge, GA 30513-4405
      View Details
    • Value Estimation by Request
      3,842 SF

      10141 Blue Rdg Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,842 SF
      10141 Blue Rdg Dr, Blue Ridge, GA 30513-4118
      View Details
    • Value Estimation by Request
      2,978 SF

      53 Josh Hall Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,978 SF
      53 Josh Hall Rd, Blue Ridge, GA 30513-4595
      View Details
    • Value Estimation by Request
      3,523 SF

      380 Progress Cir

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,523 SF
      380 Progress Cir, Blue Ridge, GA 30513-4429
      View Details

    Similar Nearby for Sale

    • $260,000

      Commercial Corner Lot in Blue Ridge

      Prime commercial corner lot with high visibility and easy access.
      3950 E First St, Blue Ridge, GA 30513
      View Details
    • $985,000
      0.40 Acres

      Blue Ridge Restaurant & Bar for Sale

      Established Business, Prime Location, High Traffic
      2414 First St, Blue Ridge, GA 30513
      View Details
    • New
      Contact for pricing
      0.95 Acres

      Downtown Blue Ridge Commercial Space

      Prime commercial space in downtown Blue Ridge, high-traffic location.
      322 Main St, Blue Ridge, GA 30513
      View Details
    • $985,000
      2,040 SF

      Established Restaurant in Blue Ridge

      Profitable restaurant investment opportunity in a prime Blue Ridge location.
      2414 E First St, Blue Ridge, GA 30513
      View Details
    • $985,000

      Established Restaurant in Prime Location

      Profitable restaurant business opportunity in a high-traffic Blue Ridge location.
      2414 E First St, Blue Ridge, GA 30513
      View Details
    • $2,740,000
      15,645 SF

      Historic Downtown Blue Ridge Landmark

      Charming, income-producing commercial property in the heart of downtown.
      990 Main St, Blue Ridge, GA 30513
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,424 SF

      Blue Ridge Executive Office/Warehouse

      Prime Blue Ridge location, 1,424 sq ft, 10 parking spaces.
      125 Old Highway 5, Blue Ridge, GA 30513
      View Details
    • $1,900 /Mo
      950 SF

      Downtown Blue Ridge Office Suite

      Remodeled office suite in downtown Blue Ridge, move-in ready.
      990 E Main St, Blue Ridge, GA 30513
      View Details
    • $600 /Mo

      Vacant Land For Lease

      Vacant land suitable for storage or business use.
      1 Tom Boyd Rd, Blue Ridge, GA 30513
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3835 Appalachian Hwy
    Blue Ridge, GA 30513
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.