Add Listing
    For Sale
    • 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

    1348 Meriwether Street Griffin, GA 30224

    View on Map
    Claim this Listing
    Pending
    $480,000

    COMMERCIAL - Griffin, GA

    Property size:
    4,180 SF
    Lot size:
    0.58 Acres
    Added:
    Jun 19, 2025
    Days on Market:
    307
    Last Refresh:
    Apr 21 at 12:06 am

    Property Features for 1348 Meriwether Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Fencing
    Privacy, Chain Link
    Standard status
    Pending
    APN
    049 01002B
    Size
    4,180 SF
    Lot size
    0.58 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2841

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1991
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    Nathan D Mullins
    Nathan D Mullins

    Listing agent Nathan D Mullins License #373819

    Listing office McLeRoy Realty 605 Plaza Drive, Zebulon, GA

    Listing date Jun 19, 2025

    MLS# 10548218

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Griffin Automotive Business Opportunity

    This commercial property, situated on one of Griffin's heavily trafficked roads, presents an opportunity for an automotive business. Currently occupied by a towing and collision company, the property includes two offices, a large garage, and a secure, gated lot suitable for vehicle storage. The property comes equipped with two car lifts, a paint booth, an air compressor, a garage heater, and a metal car shed. The roof is relatively new, and the septic system was serviced recently. The property size is 4180 square feet, situated on a lot of 0.58 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    First Rate Towing ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Griffin Oil Enterprise — 1203 Carver Rd, Griffin, GA 30224
    • South Metro Truck & Trailer — Carver Rd, Griffin, GA 30224
    • Wade Tractor & Equipment Inc — 1218 Enterprise Way, Griffin, GA 30224
    • Pro Dent Repair Mobile Auto Dent Removal — 1516 Kalamazoo Dr #18G, Griffin, GA 30224
    • P & D Enterprises — 1521 Industrial Dr, Griffin, GA 30224

    Location Insight

    • Map
    • Local Demand
    City
    Griffin
    County
    Spalding
    State
    Georgia
    Longitude
    -84.284718
    Latitude
    33.234928

    Nearby Similar for Sale

    • $985,000
      6,900 SF

      Griffin Commercial Building on 2.4 Acres

      6900 SF commercial building with showroom and shop area.
      3336 N Expressway, Griffin, GA 30223
      View Details
    • $799,000
      4,800 SF

      Prime Commercial Property in Griffin

      High-visibility commercial property with many potential uses in a growing area.
      1302 W Taylor Street, Griffin, GA 30224
      View Details
    • $470,000
      1,150 SF

      Established Restaurant in Historic District

      Turn-key restaurant opportunity in Griffin's historic district.
      102 N Hill Street, Griffin, GA 30223
      View Details
    • $265,000
      3,246 SF

      Griffin Commercial Property For Sale

      3,246 sq ft commercial property in Griffin, GA for sale.
      702 Experiment Street, Griffin, GA 30223
      View Details
    • $265,000
      3,246 SF

      Griffin Commercial Property For Sale

      3,246 sq ft commercial property in Griffin, GA for sale.
      702 Experiment Street, Griffin, GA 30223
      View Details
    • $399,900

      Griffin Church with Cathedral Ceilings

      Established church property with sanctuary, classrooms, and community spaces.
      330 N 16th Street, Griffin, GA 30223
      View Details
    • $469,900
      6,030 SF

      Griffin Church with Lease Income

      Spalding County church for sale with existing lease.
      1344 N 9th Street, Griffin, GA 30223
      View Details
    • $1,150,000
      3,030 SF

      Event Center on 9.39 Acres

      Event center with historic mill and creek-side wedding area.
      15046 Highway 19, Griffin, GA 30224
      View Details
    • $1,700,000
      2,912 SF

      Griffin Commercial Building For Sale

      2,912 sq ft commercial building in Spalding County.
      1530 Georgia Highway 16 W, Griffin, GA 30223
      View Details
    • $270,000
      2,400 SF

      Griffin Office Building with Lot

      2400 SF office building with large vacant lot.
      225 N 13th Street, Griffin, GA 30223
      View Details
    • $299,900
      2,442 SF

      Griffin Office Building For Sale

      2442 SF office building with open spaces and offices.
      1308 W Solomon Street, Griffin, GA 30223
      View Details
    • $470,000

      Griffin, GA Retail Investment

      Leased retail building in Griffin's Central Business District.
      317 W Taylor Street, Griffin, GA 30223
      View Details

    FAQs

    What type of property is this?
    Auto shop - Commercial space ideal for automotive business with ample space.
    Where is this auto shop located?
    The property is located at 1348 Meriwether Street Griffin, GA.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: Ideal for automotive business: Currently used by a towing/collision company, offering a ready‑made setup.; Includes essential equipment: Two car lifts, paint booth, air compressor, garage heater, and metal car shed are included.; Secure, gated lot: Provides secure vehicle storage.
    (770) 468-0768
    We can help!
    Listing Contact
    Nathan D Mullins
    Nathan D Mullins
    Real Estate License ID: 373819
    Learn More
    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.
    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!