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508 16th St Alma, GA 31510-3000

OFF-MARKET Turn key restaurants Google Maps
3,000 SF 0.48 ac lot Built 1974
Entity Owned ~ Est. High Equity
Estimated value (blended)
$100k
Range $90k – $110k (±10%)
Property ID US22-3083050

Property summary

AI-generated overview

This exceptional commercial property, located at 508 16th St. in Alma, Georgia, presents a unique investment opportunity. The 3000 square foot building sits on a 0.48-acre lot and offers a diverse range of established businesses under one roof. One side of the building houses a fully equipped restaurant, ready for immediate operation or customization to suit a new concept. The other side currently functions as a successful used car lot and barbershop, providing established income streams and diverse clientele. Both units are equipped with central heating and air conditioning, ensuring year-round comfort for both tenants and customers. The property's versatile layout and existing businesses create a strong foundation for continued success and potential for future expansion. This is an ideal investment for an entrepreneur seeking a multi-faceted business venture or an investor looking for a high-yield property with established tenants. The asking price is $400,000. This turnkey operation offers immediate income potential and significant upside. Don't miss this chance to acquire a well-established and profitable commercial property in a thriving community. Schedule a viewing today to explore the possibilities.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1974
Construction STEEL FRAME
Total area 3,000 SF
Lot 0.48 ac (20,909 SF)
Zoning code COMMERCIAL
APN A15 008017
UPID US22-3083050

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$100k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$100k

Owner & transaction history

since 2026
Last sale
$100,800
2 recorded transactions
2026
$100,000
2024
$100,800

Zoning & alternative use

COMMERCIAL · Alma, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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