Add Listing
    For Lease
    • 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

    602 S 8th Street Griffin, GA 30224

    View on Map
    For Lease
    $2,150 /Mo

    COMMERCIAL - Griffin, GA

    Property size:
    1,800 SF
    Lot size:
    0.74 Acres
    Added:
    Jul 11, 2024
    Days on Market:
    633
    Last Refresh:
    Apr 4 at 5:06 am

    Property Features for 602 S 8th Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    023 17004
    Size
    1,800 SF
    Lot size
    0.74 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1957
    Building materials
    Brick

    We can help!

    Listing Contact
    Gary W Laster
    Gary W Laster

    Listing agent Gary W Laster License #44376

    Listing office Rawlings Realty LLC 1012 Memorial Drive, Suite 2, GRIFFIN, GA

    Listing date Jul 11, 2024

    MLS# 10339572

    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

    Medical Office Space Near Hospital

    This 1800 square foot commercial space, suitable for medical offices, is available for lease. The free-standing building is located directly across the street from Wellstar Spalding Regional Hospital. The layout includes a waiting room, reception office, multiple bathrooms, custom cabinets, and storage. It also features a doctor's office and a large work room. The property is situated on a 0.736-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thomas J Washington ... Dental Office Sekar Muthusamy MD Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Memorial Drive Veterinary Clinic: Smith Philip DVM — 806 Memorial Dr, Griffin, GA 30223
    • Barlow Kevin DVM — 806 Memorial Dr, Griffin, GA 30223
    • Busbin John DVM — 806 Memorial Dr, Griffin, GA 30223

    Location Insight

    • Map
    • Local Demand
    City
    Griffin
    County
    Spalding
    State
    Georgia
    Longitude
    -84.26532
    Latitude
    33.237285

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Griffin Retail/Office Space

      Retail/office space in Griffin's active downtown area.
      128 1/2 S Hill Street, Griffin, GA 30223
      View Details
    • Contact for pricing

      Griffin Commercial Building for Lease

      Commercial building for lease with office and warehouse space.
      426-428 WILSON Road, Griffin, GA 30224
      View Details
    • Contact for pricing

      Griffin Office Space For Rent

      Office space available in Griffin, GA, January 1, 2026.
      124 W College Street, Griffin, GA 30224
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Office space near Wellstar Spalding Regional Hospital, Griffin, GA.
      618-D S 8th. St., Griffin, GA 30224
      View Details
    • Contact for pricing

      Griffin Commercial Space For Lease

      Renovated commercial space suitable for various business and community uses.
      1570 Williamson Road unit: A, Griffin, GA 30224
      View Details
    • Contact for pricing

      Downtown Griffin Commercial Space Available

      Conveniently located retail/office/restaurant space in downtown Griffin, GA.
      119 W Solomon Street, Griffin, GA 30223
      View Details
    • Contact for pricing

      Griffin Office Space For Rent

      Corner office space in downtown Griffin, 1200 square feet.
      205 E Taylor Street, Griffin, GA 30223
      View Details
    • Contact for pricing

      Downtown Griffin Office Space Available

      Spacious office in prime downtown location near courthouse.
      127 E Solomon Street, Griffin, GA 30223
      View Details
    • $295/mo

      Office Suites For Lease

      Individual office suites available for lease in Griffin, Georgia.
      327 S 9th Street, Griffin, GA 30224
      View Details
    • Contact for pricing

      Class A Industrial Development

      Class A industrial development with direct access to I-75.
      Jackson Rd, Griffin, GA
      View Details
    • Contact for pricing

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru and ample parking available for rent.
      1101 Ethridge Mill Rd, Griffin, GA
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 1800 SF medical office space for lease near Wellstar.
    Where is this medical office space located?
    The property is located at 602 S 8th Street Griffin, GA.
    What is the lease rate?
    The lease rate is $2,150 /Mo.
    What are key features of this property?
    This property features: Prime Location: Directly across the street from Wellstar Spalding Regional Hospital.; Move‑In Rent Special: Attractive lease terms available.; Ideal Medical Space: Specifically designed and equipped for medical use.
    (770) 468-1332
    We can help!
    Listing Contact
    Gary W Laster
    Gary W Laster
    Real Estate License ID: 44376
    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!