Brick Office
240 Airport Road, Griffin, GA 30224
For Sale
$250,000
Commercial Sale, Griffin, GA
Property Size1,176 SF
Lot Size0.65 Acres
Price / SF$212.59
Days on Market445
Property Features for 240 Airport Road
General Information
Property type
Property subtype
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
lobby/reception area
full kitchen
full bath
storage shed
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
HR Heritage Realty, Inc.
(770) 228-5657
Listed By:
Staci Donaldson · License GA #206424
(404) 787-6451
Added: Aug 25, 2025
Changed: Nov 4
Last Checked: Nov 12 at 6:06AM
MLS# 10591289
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.
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Investment Insights
Based on property information with market context.
This 1,176-square-foot, four-sided brick office building sits on a 0.65-acre parcel. The interior has a lobby and reception area, four additional rooms, a kitchen, and a full bath. Hardwood flooring, vinyl windows, and central HVAC are among the building features; the HVAC is 2 years old. The property was previously used as a beauty salon.
A circular driveway connects to Airport Road, with access to Hwy 19/41. Parking includes a covered carport and 6 spaces, including accessible parking. A ramp provides access at the entrance. The site also has a backyard and storage shed.
A circular driveway connects to Airport Road, with access to Hwy 19/41. Parking includes a covered carport and 6 spaces, including accessible parking. A ramp provides access at the entrance. The site also has a backyard and storage shed.
Key Highlights
- 1,176‑square‑foot office building on 0.65 acres
- Four‑sided brick construction with hardwood flooring
- Lobby, four additional rooms, kitchen, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,748
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,960
$315.0K
Cap Rate 7%
$224,971
$225.0K
Cap Rate 9%
$174,978
$175.0K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$28.1K $23.87/SF
− Vacancy
−$7.1K −$6.02/SF
EGI
$21.0K $17.85/SF
− OpEx
−$5.2K −$4.46/SF
NOI
$15.7K $13.39/SF
Area
Spalding County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,960
Cap Rate 7%
$224,971
Cap Rate 9%
$174,978
Alternative Uses
Best Use
Office B
$225.0K
$196.9K – $262.5K
NOI $15,748 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.7K
$287.7K – $383.5K
NOI $23,012 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
210
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Interior includes a reception area, four additional rooms, a kitchen, and a full bath.
Where is this office building located?
The property is located at 240 Airport Road Griffin, GA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,176‑square‑foot office building on 0.65 acres; Four‑sided brick construction with hardwood flooring; Lobby, four additional rooms, kitchen, and full bath
