Single-Family Home for
For Sale
$289,900
119 Old Griffin Road, McDonough, GA 30253
Commercial Sale, Mcdonough, GA
Property Size1,185 SF
Lot Size0.58 Acres
Price / SF$244.64
Days on Market99
Property Features for 119 Old Griffin Road
General Information
Property type
Residential
Property subtype
Retail
Zoning
x
Parking
50
Parking features
Parking Lot
Security features
Security
Window features
Aluminum Frames
Interior features
Recessed Lighting, Restrooms, Track Lighting
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Free Standing, Level, Private, Rectangular Lot
Directions
Please GPS
Standard status
Active
APN
M1106006000
Size
1,185 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2153
Utilities
Utilities
Cable Available
Heating system
Zoned, Central
Cooling system
Central Air, Ceiling Fan(s), Zoned
Building Details
Year built
1943
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
HardiPlank Type
Listing Agency:
The Realty Group
(678) 564-2555
Listed By:
MARY GILL
(678) 614-2766
Added: May 15
Changed: Aug 19
Last Checked: Aug 21 at 7:06AM
MLS# 7771820
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.
For sale: a single-family home located at 119 Old Griffin Road in McDonough, Georgia (Henry County). The property sits on a 0.58-acre lot and is listed at 1,185 square feet.
The property is offered in the residential income/single-family category, and it is currently listed under zoning designation “x” in the provided information.
For details on layout, condition, and any income-related considerations, please request the full offering package or schedule a showing.
The property is offered in the residential income/single-family category, and it is currently listed under zoning designation “x” in the provided information.
For details on layout, condition, and any income-related considerations, please request the full offering package or schedule a showing.
Key Highlights
- Recessed lighting, track lighting, and ceramic tile flooring
- Zoned central heating and zoned central air with ceiling fans
- Accessible approach with ramp
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
$15,919
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
5.49%
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%
$318,380
$318.4K
Cap Rate 7%
$227,414
$227.4K
Cap Rate 9%
$176,878
$176.9K
Market Conditions
NOI Build-Up for 1,185 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
$30.9K $26.04/SF
− Vacancy
−$1.9K −$1.61/SF
EGI
$28.9K $24.43/SF
− OpEx
−$13.0K −$10.99/SF
NOI
$15.9K $13.43/SF
Area
Henry County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$318,380
Cap Rate 7%
$227,414
Cap Rate 9%
$176,878
Alternative Uses
Best Use
Apartment 5plus
$227.4K
$199.0K – $265.3K
NOI $15,919 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.3K
$289.9K – $386.5K
NOI $23,188 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
Business Placement
Demographics for 30253, GA
62,025
Population
22,889
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
93%
High-School Grad
46.9 sq mi
ZIP Area
1,322
Density / Sq Mi
$81,601
Median Household Income
$43,433
Median Earnings
$1,627
Median Rent
$281,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Single-family home on Old Griffin Road with 0.58-acre lot and listed at 1,185 square feet.
Where is this single family property located?
The property is located at 119 Old Griffin Road McDonough, GA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Recessed lighting, track lighting, and ceramic tile flooring; Zoned central heating and zoned central air with ceiling fans; Accessible approach with ramp
