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 Market175
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
Listed By:
Kasie Pier · License #382976
(678) 614-1940
Source:
Broadandmainrealestate
Added: Apr 24
Changed: Sep 13
Last Checked: Oct 15 at 1:51AM
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 / Yr
$53,712
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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
