Flex Space
For Sale
$239,990
12 SIXTH ST B, Griffin, GA 30224
Flex space building with central air and high-speed internet, built in 1995.
Property Size2,520 SF
Days on Market95
Property Features for 12 SIXTH ST B
General Information
Standard status
Active
Size
2,520 SF
Total Parking Spaces
10
Zoning
C2
Taxes and HOA fees
Annual Taxes
$507
Amenities
Accessible Doors
Central Air
Central
High Speed Internet
On Street
Building Details
Building Size
2,520 SF
Year Built
1995
Buildings
1
Listing Agency:
Dream Realty Inc.
Listed By:
Vernice Dauphin · License #176407
(404) 207-7829
Source:
Evrealestate
Added: Jul 29
Changed: Sep 10
Last Checked: Oct 30 at 2:05PM
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.
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Investment Insights
Based on property information with market context.
This flex space building provides a flexible commercial layout with central air and high-speed internet available. Interior conveniences include central HVAC, and the building is set up for everyday business use.
The property is located at 12 Sixth St B in Griffin, Georgia (Spalding County). Exterior access includes on-street parking/parking along the street, supporting straightforward day-to-day customer and employee traffic.
Built in 1995, the building offers a practical foundation for tenants seeking a versatile space in an established area of Griffin.
The property is located at 12 Sixth St B in Griffin, Georgia (Spalding County). Exterior access includes on-street parking/parking along the street, supporting straightforward day-to-day customer and employee traffic.
Built in 1995, the building offers a practical foundation for tenants seeking a versatile space in an established area of Griffin.
Key Highlights
- Built in 1995
- Central air and central HVAC
- High‑speed internet available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,499
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,980
$370.0K
Cap Rate 7%
$264,271
$264.3K
Cap Rate 9%
$205,544
$205.5K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$23.9K $9.48/SF
− Vacancy
−$2.1K −$0.84/SF
EGI
$21.8K $8.64/SF
− OpEx
−$3.3K −$1.30/SF
NOI
$18.5K $7.34/SF
Area
Spalding County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,980
Cap Rate 7%
$264,271
Cap Rate 9%
$205,544
Alternative Uses
Best Use
Warehouse
$264.3K
$231.2K – $308.3K
NOI $18,499 @ 7.0% cap · market cap 7.71%
Second Best
Industrial
$219.3K
$191.9K – $255.9K
NOI $15,351 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$707.6K
$619.2K – $825.6K
NOI $49,533 @ 7.0% cap · market cap 20.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex space building with central air and high-speed internet, built in 1995.
Where is this flex space located?
The property is located at 12 SIXTH ST B Griffin, GA.
What is the asking price?
The asking price for this property is $239,990.
What are key features of this property?
This property features: Built in 1995; Central air and central HVAC; High‑speed internet available
