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    Property profile & analytics

    927 Senoia Rd Tyrone, GA 30290

    • Turn key restaurants
    • 1,092 SF
    • 0.36 lot acres
    For Sale
    View listing
    $300,000
    Last Sale
    Apr 04, 2024
    $214,600
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1011788
    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

    • Turn key restaurants

    Property Details for 927 Senoia Rd

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.36 lot acres
    Property size
    1,092 SF
    Zone code
    C C1
    Property type
    Turn key restaurants
    APN
    73807005
    APU
    73807005

    Description

    This exceptional opportunity presents the chance to acquire the former Shamrock Kitchen Restaurant, situated on a highly visible corner lot at 927 Senoia Road in Tyrone, Georgia. The property boasts a total of 0.78 acres, encompassing two separate tracts, providing ample space for expansion or future development. The main building offers approximately 1,000 square feet of interior space, currently configured as a restaurant. All existing kitchen equipment, tables, and chairs are included in the sale, representing a significant value-add for the buyer. While the restaurant requires some renovation and updating, its prime location on both Senoia Road and Commerce Drive offers exceptional visibility and accessibility. This presents a unique chance for an experienced restaurateur to revitalize an established business or for a developer to explore alternative uses for the property. The asking price of $300,000 reflects the potential upside inherent in this well-positioned property. The substantial land area and existing infrastructure provide a solid foundation for a variety of commercial ventures. Serious inquiries are encouraged to explore this exciting investment opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $215,000
      ML approach
      $215,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $155,000
      Current use
      COMMERCIAL (GENERAL)
      $230,000
      Change: +50% Conversion: Easy
      RETAIL STORES
      $140,000
      Change: -7% Conversion: Easy
      MEDICAL BUILDING
      $135,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyrone
    County
    Fayette
    State
    Georgia
    Longitude
    -84.5955
    Latitude
    33.4778
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    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
    $2,986
    $18,820
    $78,280
    $97,100
    -
    $47,050
    $195,700
    $242,750

    Comparable in this City

    • Value Estimation
      $530,000
      6,940 SF

      1532 Hwy 74th N

      RESTAURANT • 6,940 SF
      1532 Hwy 74th N, Tyrone, GA 30290-1663
      View Details
    • Value Estimation
      $600,000
      5,920 SF

      1158 Senoia Rd

      RESTAURANT • 5,920 SF
      1158 Senoia Rd, Tyrone, GA 30290-1630
      View Details
    • Value Estimation
      $275,000
      1,569 SF

      115 Saint Stephens Ct

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,569 SF
      115 Saint Stephens Ct, Tyrone, GA 30290-1694
      View Details
    • Value Estimation
      $470,000
      4,381 SF

      Peachtree Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,381 SF
      Peachtree Pkwy, Tyrone, GA 30290
      View Details
    • Value Estimation
      $380,000
      1,770 SF

      64 Carriage Oaks Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,770 SF
      64 Carriage Oaks Dr, Tyrone, GA 30290-1684
      View Details
    • Value Estimation by Request
      4,054 SF

      26 Carriage Oaks Dr

      Retail properties • 4,054 SF
      26 Carriage Oaks Dr, Tyrone, GA 30290
      View Details

    Similar Nearby for Sale

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      Tyrone Road Commercial Property

      Prime 3.57-acre vacant land, ideal for development.
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    • $749,000
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      Commercial Land in Downtown Tyrone

      6.53 acres of C-1 commercial land with public sewer.
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    • $100,000

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      5.02+/- acre estate lot in a convenient Fayette County location.
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    Similar Nearby for Lease

    • $4,000 /Mo
      1,750 SF

      Former Drive-In Restaurant For Lease

      Restaurant space with drive-thru on a high-traffic highway.
      64 Carriage Oaks Dr, Tyrone, GA 30290
      View Details
    • $4,350 /Mo
      3,150 SF

      Office/Retail Space in Tyrone, GA

      3,150 SF endcap space suitable for office or retail.
      602 Dogwood Trl, Tyrone, GA 30290
      View Details
    • $2,450 /Mo
      Pending

      Highway 74 Office Space Available

      Office space for lease in high-traffic Tyrone location.
      1925 Highway 74 N, Tyrone, GA 30290
      View Details
    • $2,300 /Mo
      1,670 SF

      Renovated Office Suite For Rent

      Newly renovated 1,670 sq. ft. office suite for rent.
      160 Greencastle Rd Unit, Tyrone, GA 30290
      View Details
    • $13 SF/Yr
      16,032 SF

      Senoia Road Office Suites

      Tyrone, GA Office Space Available
      1155 Senoia Rd, Tyrone, GA 30290
      View Details
    • $750,000

      Tyrone Town Center Land

      Land sites available for sale, lease, or build-to-suit.
      Carriage Oaks Dr, Tyrone, GA 30290
      View Details
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    Tyrone, GA 30290
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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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