Automotive Shop with Paint
For Sale
$1,675,000
1108 Anne Street, Griffin, GA 30224
Established restoration and restomod facility with service bays, secured parking, office space, and equipment included.
Property Size1,973 SF
Price / SF$192.93
Days on Market49
Property Features for 1108 Anne Street
General Information
Standard status
Active
Size
1,973 SF
Property subtype
Other
Amenities
1 acre, Level
Metal
Chain Link
Public Sewer
Annual Amount: $2,610, Year: 24
Concrete
Central Air, Fans
Central, Propane
Cumulative Days on Market: 47, 47 days on market, On Market Date: 2026-07-30
Parking Lot
Built in 1973, Industrial, Mixed Use
County: Spalding
Garage(s), Resale
Cable Available, Electricity Available, High Speed Internet, Propane, Sewer Available, Water Available, Public
Close Of Escrow
Building Security
Building Details
Building Size
1,973 SF
Year Built
1973
Listing Agency:
Self Property Advisors
(678) 272-7087
Listed By:
Caitlyn Tittle
(678) 544-2602
Source:
Blackstreaminternational
Added: Jul 30
Changed: Sep 15
Last Checked: Sep 15 at 6:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Self Property Advisors
Investment Insights
Based on property information with market context.
This automotive property combines an operating restoration and restomod business with its underlying real estate, fixtures, and equipment. The 8,682-square-foot facility sits on 1 acre and includes multiple service bays, a paint booth, office and reception areas, and secured parking. The property was built in 1973.
Located at 1108 Anne Street in Griffin, Georgia, the site provides a dedicated setting for automotive service and specialty vehicle work. The offering includes the business, building, land, equipment, fixtures, and other business assets as described.
Located at 1108 Anne Street in Griffin, Georgia, the site provides a dedicated setting for automotive service and specialty vehicle work. The offering includes the business, building, land, equipment, fixtures, and other business assets as described.
Key Highlights
- 8,682‑square‑foot automotive facility on 1 acre
- Established restoration and restomod business included
- Multiple service bays support automotive operations
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
$122,116
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
7.29%
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%
$2,442,320
$2.4M
Cap Rate 7%
$1,744,514
$1.7M
Cap Rate 9%
$1,356,844
$1.4M
Market Conditions
NOI Build-Up for 8,682 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
$190.7K $21.96/SF
− Vacancy
−$16.2K −$1.87/SF
EGI
$174.5K $20.09/SF
− OpEx
−$52.3K −$6.03/SF
NOI
$122.1K $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%
$2,442,320
Cap Rate 7%
$1,744,514
Cap Rate 9%
$1,356,844
Alternative Uses
Best Use
Retail
$1.74M
$1.53M – $2.04M
NOI $122,116 @ 7.0% cap · market cap 7.29%
Second Best
Industrial
$755.6K
$661.1K – $881.5K
NOI $52,889 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,653 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Texaco
Shops & Services
1,952 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Established restoration and restomod facility with service bays, secured parking, office space, and equipment included.
Where is this auto shop located?
The property is located at 1108 Anne Street Griffin, GA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: 8,682‑square‑foot automotive facility on 1 acre; Established restoration and restomod business included; Multiple service bays support automotive operations
