Flex Space with Service
For Sale
$200,000
12 Sixth St, Griffin, GA 30224
Versatile commercial building with high ceilings, office space, a full bathroom, parking, and room for equipment or fleet vehicles.
Property Size2,520 SF
Price / SF$79.37
Days on Market91
Property Features for 12 Sixth St
General Information
Standard status
Active
Size
2,520 SF
Amenities
high ceilings
office space
full bathroom
ample parking
Building Details
Year Built
1995
Buildings
1
Building Size
2,520 SF
Listing Agency:
Dream Realty Inc.
Listed By:
Vernice Dauphin · License #176407
(404) 207-7829
Source:
Brockteam
Added: Jul 31
Changed: Oct 25
Last Checked: Oct 7 at 1:13PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1995, this 2,520 SF flex space combines multiple service bays with high ceilings and a practical interior configuration. The building also includes office space and a full bathroom, supporting a range of service, storage, fabrication, and vehicle-oriented operations.
The property occupies nearly one acre in Griffin, GA, with ample parking and additional room for equipment, trailers, or fleet vehicles. Its location provides access to downtown Griffin and surrounding highways. Potential applications identified for the property include automotive repair, contractor operations, warehouse use, fabrication, and detailing.
The property occupies nearly one acre in Griffin, GA, with ample parking and additional room for equipment, trailers, or fleet vehicles. Its location provides access to downtown Griffin and surrounding highways. Potential applications identified for the property include automotive repair, contractor operations, warehouse use, fabrication, and detailing.
Key Highlights
- 2,520 SF flex space on nearly one acre
- Multiple service bays with high ceilings
- Office space and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,351
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
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
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 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
Industrial
$219.3K
$191.9K – $255.9K
NOI $15,351 @ 7.0% cap · market cap 7.68%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Balanced
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
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with high ceilings, office space, a full bathroom, parking, and room for equipment or fleet vehicles.
Where is this flex space located?
The property is located at 12 Sixth St 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 flex space on nearly one acre; Multiple service bays with high ceilings; Office space and a full bathroom
