Mixed-Use Property With Production
For Sale
$620,000
1651 Williamson Road, Griffin, GA 30224
Commercial Sale, Griffin, GA
Property Size8,817 SF
Lot Size4.47 Acres
Price / SF$70.32
Days on Market569
Property Features for 1651 Williamson Road
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Lot features
Level
Directions
To get from Griffin Municipal Court, located at 100 S. Hill St., Griffin, GA 30223, to 1651 Williamson Road, Griffin, GA 30224, head south on S. Hill St., turn right onto E. Taylor St., continue onto Williamson Rd., and proceed to your destination. The distance is approximately 3 miles.
Standard status
Active
APN
236 01029
Size
8,817 SF
Lot size
4.47 Acres
Taxes and HOA fees
Tax Year
23
Tax Annual Amount
7401
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
2009
Building materials
Aluminum Siding, Steel Siding, Wood Siding
Listing Agency:
Century 21 Integra
(770) 775-1800
Listed By:
Kasie Pier · License #382976
(678) 409-5673
Added: Feb 18, 2025
Changed: Sep 9
Last Checked: Sep 10 at 9:06AM
MLS# 10842855
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes three buildings totaling 8817 square feet on 4.47 acres. The improvements include a nearly 8,000 sq. ft. structure, a converted office area, and a production facility. Built in 2009, the property features aluminum, steel, and wood siding, electric heating and cooling, a parking lot, an on-site fire hydrant, and a retention pond.
Located at 1651 Williamson Road in Griffin, the property borders Mystic Acres Event Venue and other commercial developments. The site offers access to Highway 362 and Highway 19/41. C-1B zoning supports a variety of commercial uses, while public water, septic service, and cable availability are in place.
Located at 1651 Williamson Road in Griffin, the property borders Mystic Acres Event Venue and other commercial developments. The site offers access to Highway 362 and Highway 19/41. C-1B zoning supports a variety of commercial uses, while public water, septic service, and cable availability are in place.
Key Highlights
- 4.47‑acre mixed‑use commercial property in Griffin
- Three buildings totaling 8817 square feet
- Includes a nearly 8,000 sq. ft. structure, converted office space, and production facility
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
8.66%
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
Office B
$1.69M
$1.48M – $1.97M
NOI $118,069 @ 7.0% cap · market cap 19.04%
Second Best
Mixed Use
$1.66M
$1.45M – $1.94M
NOI $116,384 @ 7.0% cap · market cap 18.77%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,307 @ 7.0% cap · market cap 27.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-building commercial property with office, production, parking, and C-1B zoning.
Where is this mixed-use property located?
The property is located at 1651 Williamson Road Griffin, GA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 4.47‑acre mixed‑use commercial property in Griffin; Three buildings totaling 8817 square feet; Includes a nearly 8,000 sq. ft. structure, converted office space, and production facility
