Two-Building Office
For Sale
$534,900
Pending
113 W Taylor Street, Griffin, GA 30223
One building is leased, while the vacant structure has a reception area, meeting room, kitchen, and multiple offices.
Property Size1,918 SF
Days on Market14
Property Features for 113 W Taylor Street
General Information
Standard status
Pending
Size
1,918 SF
Property subtype
Commercial
Additional Details
Tenant in Place
Yes
Property Use
Office
Amenities
1.2 acres, City Lot, Level
Composition
Public Sewer
Parcel Number: 016 43024 AND 016 43025, Annual Amount: $4,930.39, Year: 2025
Central Air
Central
Listing ID: 10880030, Standard Status: Pending, MLS Status: Under Contract, On market as of 2026-10-21, Off market as of 2026-10-27, 9 days on market
4 total parking spaces, On Street
Built in 1918, Construction Materials: Brick
County/Parish: Spalding
Resale
Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Water Available, Water Source: Public
Negotiable
Building Details
Building Size
1,918 SF
Year Built
1918
Buildings
2
Tenancy
Multi
Listing Agency:
Southern Realty Group of GA, Inc.
(770) 227-1211
Listed By:
April N English · License #243490
(770) 616-4546
Source:
Blackstreaminternational
Added: Oct 21
Changed: Nov 1
Last Checked: Nov 1 at 5:27AM
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 Southern Realty Group of GA, Inc.
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Investment Insights
Based on property information with market context.
This two-building office property includes a tenant-occupied building and a vacant building arranged for office use. The vacant space contains 4 large offices, 2 smaller offices, a conference room, and a lobby with a reception desk. A full kitchen and break room, a separate mini-fridge area for guests, and a spacious storage room round out the layout. The building also has 2 full bathrooms and 2 half bathrooms.
The properties are located at 113 W. Taylor Street and 115 W. Taylor Street in downtown Griffin, Georgia. The vacant building could also accommodate retail use, according to the described property information.
The properties are located at 113 W. Taylor Street and 115 W. Taylor Street in downtown Griffin, Georgia. The vacant building could also accommodate retail use, according to the described property information.
Key Highlights
- Two buildings at 113 W. Taylor Street and 115 W. Taylor Street
- One building has tenants under lease agreement
- Vacant building includes 4 large offices and 2 smaller offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,977
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,540
$539.5K
Cap Rate 7%
$385,386
$385.4K
Cap Rate 9%
$299,744
$299.7K
Market Conditions
NOI Build-Up for 1,918 SF
Gross rent
$42.1K $21.96/SF
− Vacancy
−$3.6K −$1.87/SF
EGI
$38.5K $20.09/SF
− OpEx
−$11.6K −$6.03/SF
NOI
$27.0K $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 Rate 5%
$539,540
Cap Rate 7%
$385,386
Cap Rate 9%
$299,744
Alternative Uses
Best Use
Retail
$385.4K
$337.2K – $449.6K
NOI $26,977 @ 7.0% cap · market cap 5.04%
Second Best
Office B
$366.9K
$321.1K – $428.1K
NOI $25,684 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$538.6K
$471.3K – $628.3K
NOI $37,700 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - One building is leased, while the vacant structure has a reception area, meeting room, kitchen, and multiple offices.
Where is this office building located?
The property is located at 113 W Taylor Street Griffin, GA.
What is the asking price?
The asking price for this property is $534,900.
What are key features of this property?
This property features: Two buildings at 113 W. Taylor Street and 115 W. Taylor Street; One building has tenants under lease agreement; Vacant building includes 4 large offices and 2 smaller offices
