Leased Brick
For Sale
$470,000
317 W Taylor Street, Griffin, GA 30223
Commercial Sale, Griffin, GA
Property Size2,516 SF
Lot Size0.27 Acres
Price / SF$186.80
Days on Market597
Property Features for 317 W Taylor Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-3
Parking
10
Parking features
Parking Lot
Interior features
Restrooms
View
City
Directions
Please use GPS
Standard status
Active
APN
015 41008
Size
2,516 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8724
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1985
Floors in Building
1
Flooring type
Laminate, Carpet
Building materials
Brick 3 Sides, Fiber Cement
Roof type
Asphalt
Listing Agency:
Point Honors and Associates, Realtors
(678) 869-5130
Listed By:
Ray Kim
(404) 512-2322
Added: Jan 11, 2025
Changed: Aug 19
Last Checked: Aug 31 at 7:06AM
MLS# 7507924
Copyright © 2026 First Multiple Listing Service, Inc. 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 2,516-square-foot storefront property occupies a 0.27-acre site at 317 W Taylor Street in Griffin. Constructed in 1985 and remodeled over time, the building features brick on three sides, fiber cement siding, laminate and carpet flooring, restrooms, central heating, and central air conditioning. An asphalt roof and on-site parking lot are also included.
The property is fully leased, with Metro by T-Mobile occupying the front portion and a second tenant using office and break-area space. Cable service is available, along with public utilities and services at the site. Its position on W Taylor Street places the building within the City of Griffin’s Central Business District.
The property is fully leased, with Metro by T-Mobile occupying the front portion and a second tenant using office and break-area space. Cable service is available, along with public utilities and services at the site. Its position on W Taylor Street places the building within the City of Griffin’s Central Business District.
Key Highlights
- 2,516‑square‑foot storefront building on a 0.27‑acre lot
- Fully leased to Metro by T‑Mobile and an additional office user
- 317 W Taylor Street location in Griffin, GA 30223
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
$35,388
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
7.53%
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%
$707,760
$707.8K
Cap Rate 7%
$505,543
$505.5K
Cap Rate 9%
$393,200
$393.2K
Market Conditions
NOI Build-Up for 2,516 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
$55.3K $21.96/SF
− Vacancy
−$4.7K −$1.87/SF
EGI
$50.6K $20.09/SF
− OpEx
−$15.2K −$6.03/SF
NOI
$35.4K $14.07/SF
Area
Spalding County, GA
Vacancy
8.50%
Lease Rate
$21.96 /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%
$707,760
Cap Rate 7%
$505,543
Cap Rate 9%
$393,200
Alternative Uses
Best Use
Retail
$505.5K
$442.4K – $589.8K
NOI $35,388 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$706.5K
$618.2K – $824.2K
NOI $49,454 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,504
Businesses Nearby
156k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 42%
Home Improvements & Furnishings 4%
Beauty & Spa 1%
McDonald's
Dining
21,107 visits/mo
0.2 miles
Krystal
Dining
14,316 visits/mo
0.1 miles
Taco Bell
Dining
10,987 visits/mo
0.3 miles
Burger King
Dining
10,667 visits/mo
0.2 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
9,710 visits/mo
0.4 miles
Demographics for 30223, GA
38,111
Population
15,647
Households
2.4
Avg Household Size
41
Median Age
15%
College-Educated
84%
High-School Grad
108.0 sq mi
ZIP Area
353
Density / Sq Mi
$56,940
Median Household Income
$34,305
Median Earnings
$1,025
Median Rent
$186,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Remodeled retail property with two occupants, on-site parking, and central heating and air conditioning.
Where is this storefront property located?
The property is located at 317 W Taylor Street Griffin, GA.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 2,516‑square‑foot storefront building on a 0.27‑acre lot; Fully leased to Metro by T‑Mobile and an additional office user; 317 W Taylor Street location in Griffin, GA 30223
