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    50 South Forest Ave Hartwell, GA 30643
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    50 South Forest Ave Hartwell, GA 30643

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    • Retail space
    • 10,760 SF
    • 0.16 lot acres
    For Sale
    $629,000
    View Listing →
    Historic Restaurant Building in Hartwell For Sale
    $629,000
    1,782 SF

    Historic Restaurant Building in Hartwell

    Renovated 1910 building with modern restaurant upgrades and FF&E.

    50 South Forest Avenue, Hartwell, GA 30643
    View Listing
    Property ID
    US22-0608563
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Market 50 / Take-out & Catering
    • Brown Mercantile Co / Home Decor Store / Furniture & Home Goods

    Property Details for 50 South Forest Ave

    Year built
    1920
    Lot size
    0.16 lot acres
    Property size
    10,760 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    I57D-170
    APU
    I57D170

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,287,000
      Market price range: $429k - $1.44M
      AI Estimate
      $1,181,000
      Market price range: $409k - $1.79M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,155,000
      Current use
      COMMERCIAL (GENERAL)
      $945,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartwell
    County
    Hart
    State
    Georgia
    Longitude
    -82.9315
    Latitude
    34.3531

    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
    $6,367
    $35,261
    $210,450
    $245,711
    -
    $88,153
    $526,124
    $614,277

    Comparable in this City

    • Value Estimation by Request
      2,760 SF

      338 Howell St

      RETAIL STORES (PERSONAL SERVICES) • 2,760 SF
      338 Howell St, Hartwell, GA 30643-7201
      View Details
    • Value Estimation by Request
      4,728 SF

      344 Howell St

      RETAIL STORES (PERSONAL SERVICES) • 4,728 SF
      344 Howell St, Hartwell, GA 30643-7201
      View Details
    • Value Estimation by Request
      1,500 SF

      113 Depot St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      113 Depot St, Hartwell, GA 30643-7210
      View Details
    • Value Estimation
      $540,000
      13,833 SF

      34 Depot St

      RETAIL STORES (PERSONAL SERVICES) • 13,833 SF
      34 Depot St, Hartwell, GA 30643-7208
      View Details
    • Value Estimation by Request
      1,584 SF

      28 Frst Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,584 SF
      28 Frst Ave, Hartwell, GA 30643-7216
      View Details
    • Value Estimation by Request
      2,239 SF

      42 Frst Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,239 SF
      42 Frst Ave, Hartwell, GA 30643-7216
      View Details

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      Historic Downtown District Retail Opportunity

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      Historic Hartwell Square Anchor Property

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      Prime Commercial Site on US Hwy

      0.70-acre commercial site on heavily traveled corridor in Hartwell, GA.
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    • Contact for pricing
      10,040 SF

      Hartwell Office Building For Sale

      Office building with 10,040 square feet available for sale.
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    • $1,998,000

      Prime Acres Development Opportunity

      44+/- acres with frontage on Anderson Highway near Hartwell.
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    Similar Nearby for Lease

    • $5,600 /Mo
      6,534 SF

      Renovated Mixed-Use Retail Space

      Prime retail space in Hartwell's vibrant downtown district.
      34 Depot St, Hartwell, GA 30643
      View Details
    • Contact for pricing

      Renovated Mixed-Use Retail Space

      Prime retail space in Hartwell's vibrant downtown district.
      34 Depot St, Hartwell, GA 30643
      View Details
    • Contact for pricing

      Hartwell Retail and Land Opportunity

      Retail and land available in growing Hartwell market.
      1541 Anderson Hwy, Hartwell, GA 30643
      View Details
    • $4 SF/Yr

      Hartwell Warehouse Space Available

      15,000 SF warehouse space for lease in Hartwell, GA.
      786 Vickery St, Hartwell, GA 30643
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Hartwell, Georgia.
      544 Winfield Cir, Hartwell, GA 30643
      View Details
    • Contact for pricing
      43,962 SF

      Industrial Space Near I-85

      Industrial space for lease, suitable for manufacturing or warehousing.
      544 Winfield Cir, Hartwell, GA 30643
      View Details
    View Listing
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    50 South Forest Ave
    Hartwell, GA 30643
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    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
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