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 Market50
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: Sep 15 at 5:16AM
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.
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 = 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
$18,499
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
7.71%
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%
$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
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
−$2.1K −$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 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%
$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.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
