Flex Space with Service
For Sale
$200,000
12 SIXTH Street Unit B, Griffin, GA 30224
Service bays, office space, and a full bathroom support varied commercial operations.
Property Size1,995 SF
Price / SF$79.37
Days on Market51
Property Features for 12 SIXTH Street Unit B
General Information
Standard status
Active
Size
1,995 SF
Property subtype
Other
Additional Details
Highway Access
Yes
Amenities
high ceilings
office space
full bathroom
Land Lot: 207, 0.94 acres, Level
Metal
Septic Tank
Annual Amount: $507, Year: 2025
Concrete
Central Air
Central
Cumulative Days on Market: 49, 49 days on market, On Market Date: 2026-07-29
Parking Total: 10, On Street
Built in 1995, Aluminum Siding, Industrial
County: Spalding
Garage(s), Resale
Cable Available, Electricity Available, High Speed Internet, Phone Available, Water Available
Negotiable
Accessible Doors
Building Details
Building Size
1,995 SF
Year Built
1995
Buildings
1
Listing Agency:
Dream Realty Inc.
Listed By:
Vernice Dauphin
(404) 207-7829
Source:
Blackstreaminternational
Added: Jul 29
Changed: Sep 17
Last Checked: Sep 16 at 6:00PM
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 Dream Realty Inc.
Investment Insights
Based on property information with market context.
Built in 1995, this 2,520-square-foot flex space sits on nearly one acre and combines service-oriented functionality with adaptable commercial space. The building includes multiple service bays, high ceilings, office space, and a full bathroom, while the property provides ample parking and room for equipment, trailers, or fleet vehicles.
The Griffin, GA location offers access to downtown Griffin and surrounding highways. The layout and site configuration support automotive repair, contractor operations, warehouse use, fabrication, detailing, and other commercial applications identified for the property.
The Griffin, GA location offers access to downtown Griffin and surrounding highways. The layout and site configuration support automotive repair, contractor operations, warehouse use, fabrication, detailing, and other commercial applications identified for the property.
Key Highlights
- 2,520 SF commercial building on nearly one acre
- Multiple service bays with high ceilings
- Office space and a full bathroom
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
$15,351
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
7.68%
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%
$307,020
$307.0K
Cap Rate 7%
$219,300
$219.3K
Cap Rate 9%
$170,567
$170.6K
Market Conditions
NOI Build-Up for 2,520 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
$23.9K $9.48/SF
− Vacancy
−$2.0K −$0.78/SF
EGI
$21.9K $8.70/SF
− OpEx
−$6.6K −$2.61/SF
NOI
$15.4K $6.09/SF
Area
Spalding County, GA
Vacancy
8.20%
Lease Rate
$9.48 /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%
$307,020
Cap Rate 7%
$219,300
Cap Rate 9%
$170,567
Alternative Uses
Best Use
Retail
$506.4K
$443.1K – $590.8K
NOI $35,445 @ 7.0% cap · market cap 17.72%
Second Best
Warehouse
$264.3K
$231.2K – $308.3K
NOI $18,499 @ 7.0% cap · market cap 9.25%
Theoretical Best
Office A
$707.6K
$619.2K – $825.6K
NOI $49,533 @ 7.0% cap · market cap 24.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,368
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Service bays, office space, and a full bathroom support varied commercial operations.
Where is this flex space located?
The property is located at 12 SIXTH Street Unit B Griffin, GA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 2,520 SF commercial building on nearly one acre; Multiple service bays with high ceilings; Office space and a full bathroom
