Add Listing
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

    606 Franklin St Hartwell, GA 30643

    • Turn key restaurants
    • 8,070 SF
    • 2.27 lot acres
    OFF-MARKET
    Last Sale
    Apr 21, 2021
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2160301
    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

    • uniquecutz&stylez / Barber Shop

    Property Details for 606 Franklin St

    Year built
    1995
    Lot size
    2.27 lot acres
    Property size
    8,070 SF
    Zone code
    B2
    Property type
    Turn key restaurants
    APN
    I70A-217
    APU
    I70A217

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $860,000
      Current use
      AUTO REPAIR, GARAGE
      $920,000
      Change: +7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $885,000
      Change: +3% Conversion: Easy
      RETAIL STORES
      $795,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartwell
    County
    Hart
    State
    Georgia
    Longitude
    -82.9224
    Latitude
    34.3527

    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
    $7,970
    $128,444
    $179,153
    $307,597
    -
    $321,110
    $447,882
    $768,992

    Comparable in this City

    • Value Estimation by Request
      3,240 SF

      63 Depot St

      RESTAURANT • 3,240 SF
      63 Depot St, Hartwell, GA 30643-7207
      View Details
    • Value Estimation by Request
      1,504 SF

      238 Howell St

      RESTAURANT • 1,504 SF
      238 Howell St, Hartwell, GA 30643-1194
      View Details
    • Value Estimation by Request
      2,080 SF

      65 Golf Crse Rd

      RESTAURANT • 2,080 SF
      65 Golf Crse Rd, Hartwell, GA 30643-4730
      View Details
    • Value Estimation by Request
      7,176 SF

      126 Franklin St

      RESTAURANT • 7,176 SF
      126 Franklin St, Hartwell, GA 30643-2192
      View Details
    • Value Estimation by Request
      2,024 SF

      270 Franklin St

      RESTAURANT • 2,024 SF
      270 Franklin St, Hartwell, GA 30643
      View Details
    • Value Estimation by Request
      1,650 SF

      30 Carolina St

      RESTAURANT • 1,650 SF
      30 Carolina St, Hartwell, GA 30643-7204
      View Details

    Similar Nearby for Sale

    • $629,000
      1,782 SF

      Renovated Historic Building in Hartwell

      Turn-key restaurant/retail property in revitalized downtown Hartwell, Georgia.
      50 S Forest Ave, Hartwell, GA 30643
      View Details
    • $330,000
      4,000 SF

      Historic Downtown Hartwell Retail Opportunity

      4000 SF retail space in historic downtown Hartwell, GA.
      41 Depot St, Hartwell, GA 30643
      View Details
    • $629,000

      Historic Building in Downtown Hartwell

      Renovated 1910 building, turn-key restaurant/retail opportunity in Hartwell, GA.
      50 S Forest Ave, Hartwell, GA 30643
      View Details
    • $330,000

      Historic Downtown Retail Opportunity

      4000 sq ft retail space in historic downtown district.
      41 Depot St, Hartwell, GA 30643
      View Details
    • $4,500,000
      9.88 Acres

      Lake Hartwell Development Opportunity

      9.88 acre lakefront land for development on Lake Hartwell.
      unit Phase Ii Sidney Pt, Hartwell, GA 30643
      View Details
    • New
      $695,000
      3,036 SF

      Renovated Commercial Building with Drive-Thru

      Versatile 3,036 SF commercial building with drive-thru in Hartwell, GA.
      18 W Gibson St, Hartwell, GA 30643
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      4,800 SF

      Downtown Hartwell Office Space

      Prime renovated office suites, 1200-4800 sqft
      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
    • $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
    • New
      $4,950 /Mo
      3,063 SF

      Renovated Commercial Building with Drive-Thru

      Versatile 3,036 SF commercial building with drive-thru near Downtown Hartwell.
      18 W Gibson St, 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
    • Contact for pricing
      108,215 SF

      Hartwell, GA Industrial Space For Lease

      Large industrial space, multiple units available.
      544 Winfield Cir, Hartwell, GA 30643
      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.
    606 Franklin St
    Hartwell, GA 30643
    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.
    Sign Up Successful!
    You now have access to more from Realmo!