Mixed-Use Property With Production
For Sale
$699,900
1651 Williamson Road, Griffin, GA 30224
Commercial Sale, Griffin, GA
Property Size8,817 SF
Lot Size4.47 Acres
Price / SF$79.38
Days on Market567
Property Features for 1651 Williamson Road
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Lot features
Level
Directions
To get from Griffin Municipal Court, located at 100 S. Hill St., Griffin, GA 30223, to 1651 Williamson Road, Griffin, GA 30224, head south on S. Hill St., turn right onto E. Taylor St., continue onto Williamson Rd., and proceed to your destination. The distance is approximately 3 miles.
Standard status
Active
APN
236 01029
Size
8,817 SF
Lot size
4.47 Acres
Taxes and HOA fees
Tax Year
23
Tax Annual Amount
7401
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
2009
Building materials
Aluminum Siding, Steel Siding, Wood Siding
Listing Agency:
Century 21 Integra
(770) 775-1800
Listed By:
Kasie Pier · License #382976
(678) 409-5673
Added: Feb 18, 2025
Changed: Aug 24
Last Checked: Sep 8 at 1:06PM
MLS# 10461540
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.
Investment Insights
Based on property information with market context.
This mixed-use commercial property comprises four buildings totaling 8,817 square feet on 4.47 acres. Improvements include a converted office area and a production facility, with aluminum, steel, and wood siding represented across the structures. The site was built in 2009 and includes a parking lot, an on-site fire hydrant, and a retention pond. Public water and septic service are in place, with cable available.
The property is located in Griffin, Georgia, with access to Highway 362 and Highway 19/41. It borders Mystic Acres Event Venue and other commercial development. C-1B zoning supports a range of commercial uses, subject to applicable requirements.
The property is located in Griffin, Georgia, with access to Highway 362 and Highway 19/41. It borders Mystic Acres Event Venue and other commercial development. C-1B zoning supports a range of commercial uses, subject to applicable requirements.
Key Highlights
- 4.47‑acre mixed‑use commercial property with 8,817 square feet of improvements
- Four‑building configuration includes converted office space and a production facility
- C‑1B zoning supports a variety of commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,712
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,074,240
$1.1M
Cap Rate 7%
$767,314
$767.3K
Cap Rate 9%
$596,800
$596.8K
Market Conditions
NOI Build-Up for 8,817 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$83.6K $9.48/SF
− Vacancy
−$6.9K −$0.78/SF
EGI
$76.7K $8.70/SF
− OpEx
−$23.0K −$2.61/SF
NOI
$53.7K $6.09/SF
Area
Spalding County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,074,240
Cap Rate 7%
$767,314
Cap Rate 9%
$596,800
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,069 @ 7.0% cap · market cap 16.87%
Second Best
Mixed Use
$1.66M
$1.45M – $1.94M
NOI $116,384 @ 7.0% cap · market cap 16.63%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,307 @ 7.0% cap · market cap 24.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 30224, GA
26,696
Population
11,457
Households
2.3
Avg Household Size
40
Median Age
22%
College-Educated
88%
High-School Grad
67.7 sq mi
ZIP Area
394
Density / Sq Mi
$70,134
Median Household Income
$39,667
Median Earnings
$1,105
Median Rent
$210,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-building commercial compound with office and production components, C-1B zoning, on-site parking, and established site infrastructure.
Where is this mixed-use property located?
The property is located at 1651 Williamson Road Griffin, GA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 4.47‑acre mixed‑use commercial property with 8,817 square feet of improvements; Four‑building configuration includes converted office space and a production facility; C‑1B zoning supports a variety of commercial uses
