Four-Building Mixed-Use
For Sale
$699,900
1651 Williamson Rd, Griffin, GA 30224
C-1B zoning supports a range of commercial uses across multiple buildings.
Property Size8,817 SF
Price / SF$79.38
Days on Market130
Property Features for 1651 Williamson Rd
General Information
Standard status
Active
Size
8,817 SF
Zoning
C-1B
Financials
Asking Price
$600,000
Business Included
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
2009
Buildings
4
Abandoned
No
Listing Agency:
Century 21 Crowe Realty
(678) 614-1940
Listed By:
Kasie Pier · License #382976
Source:
Broadandmainrealestate
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 25 at 4:11AM
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 Century 21 Crowe Realty
Investment Insights
Based on property information with market context.
This working commercial property includes four buildings, with a nearly 8,000-square-foot structure, converted office space, and a production facility. The improvements were constructed in 2009 and occupy a 4.47-acre site. On-site infrastructure includes a fire hydrant and retention pond, while parking is also present.
The property is located at 1651 Williamson Road in Griffin, with access to Highway 362 and Highway 19/41. It borders Mystic Acres Event Venue and other commercial development. C-1B zoning provides for a variety of commercial uses. The property is an operating business, so on-site activity should be respected during any visit.
The property is located at 1651 Williamson Road in Griffin, with access to Highway 362 and Highway 19/41. It borders Mystic Acres Event Venue and other commercial development. C-1B zoning provides for a variety of commercial uses. The property is an operating business, so on-site activity should be respected during any visit.
Key Highlights
- Four‑building mixed‑use property with a nearly 8,000‑square‑foot structure
- Converted office space and a production facility included
- 4.47‑acre site with parking, a fire hydrant, and retention pond
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
$53,712
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
7.67%
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%
$1,074,240
$1.1M
Cap Rate 7%
$767,314
$767.3K
Cap Rate 9%
$596,800
$596.8K
Market Conditions
NOI Build-Up for 8,817 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
$83.6K $9.48/SF
− Vacancy
−$6.9K −$0.78/SF
EGI
$76.7K $8.70/SF
− OpEx
−$23.0K −$2.61/SF
NOI
$53.7K $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%
$1,074,240
Cap Rate 7%
$767,314
Cap Rate 9%
$596,800
Alternative Uses
Best Use
Mixed Use
$1.66M
$1.45M – $1.94M
NOI $116,384 @ 7.0% cap · market cap 16.63%
Second Best
Industrial
$767.3K
$671.4K – $895.2K
NOI $53,712 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,307 @ 7.0% cap · market cap 24.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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?
Mixed-use property - C-1B zoning supports a range of commercial uses across multiple buildings.
Where is this mixed-use property located?
The property is located at 1651 Williamson Rd Griffin, GA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Four‑building mixed‑use property with a nearly 8,000‑square‑foot structure; Converted office space and a production facility included; 4.47‑acre site with parking, a fire hydrant, and retention pond
