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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Turn key restaurants
515 Grant St Clarkesville, GA 30523-5434
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0250696
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2011
Construction
FRAME
Total area
7,437 SF
Lot
2.8 ac (121,968 SF)
Zoning code
CB
APN
102 014
UPID
US22-0250696
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
-
Fellowship Valley Christian Retreat Church
-
Waterfall Wedding Experts Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$585k
Owner & transaction history
Blins LLC · 1 yrs held
Blins LLC
since 2024
5 recorded transactions
Zoning & alternative use
CB · Clarkesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Community Business District is intended to establish and preserve central area in the city containing a broad range of retail businesses, service establishments, and other institutional/public uses. The Community Business District is not intended to accommodate automotive sales/service establishments and other businesses that normally cater to patrons in…
Zone name
Community Business District
General category
CIVIC_INSTITUTIONAL
Zone area
31.86 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$860,000
+18.6%
Commercial (general)
$740,000
+1.7%
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 Clarkesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clarkesville 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
by Request
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$725,000
Current use
APARTMENT HOUSE (5+ UNITS)
$860,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$740,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$715,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10%
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
$79 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,300
Tax year 2024
Assessed value
$435,372
Assessed 2024
Previous assessed
$406,444
+7.1% YoY
Effective rate
2.60%
On assessed value
Assessed land
$68,328
Assessed improvement
$367,044
Land market value
$170,820
Improvement market value
$917,610
Total market value
$1,088,430
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
Off-Market
Year built
2011
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
8
Total area
7,437 SF
Lot
2.8 ac (121,968 SF)
Zoning code
CB
APN
102 014
UPID
US22-0250696
Jurisdiction
HABERSHAM
Zoning & alternative use
CB · Clarkesville, GAZoning CB · permitted uses
CB · Clarkesville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Community Business District is intended to establish and preserve central area in the city containing a broad range of retail businesses, service establishments, and other institutional/public uses. The Community Business District is not intended to accommodate automotive sales/service establishments and other businesses that normally cater to patrons in automobiles who are traveling to other destinations.
Zone name
Community Business District
General category
CIVIC_INSTITUTIONAL
Zone area
31.86 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$725,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$860,000
COMMERCIAL (GENERAL)
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$715,000
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2011
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
8
Lot
2.8 ac
Current owner
From public records · entity-resolved
Blins LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3271 GARMON DR, LOGANVILLE, GA 30052-2487
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2024
$850,000
Blins LLC
Action Properties Of Gwinnett LLC
Warranty Deed
—
Apr 25, 2014
—
Action Properties Of Gwinnett
J & S Patrick LLC
Warranty Deed
—
Apr 9, 2009
$475,000
S Patrick J
Danny Otter
Deed
$35,000 · Danny Otter
Jun 1, 2007
—
J & S Patrick LLC
Not Provided
Deed
—
Apr 25, 2005
$350,000
River Mills Soque
Susan Tanner Hosford
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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