Brick Office
For Sale
$250,000
240 Airport Road, Griffin, GA 30224
Commercial Sale, Griffin, GA
Property Size1,176 SF
Lot Size0.65 Acres
Price / SF$212.59
Days on Market415
Property Features for 240 Airport Road
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Covered, Parking Lot
Lot features
Level
Directions
From Griffin, South Hill St, right on Airport Rd, property on left.
Standard status
Active
APN
141 01003
Size
1,176 SF
Lot size
0.65 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1994
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
lobby/reception area
full kitchen
full bath
covered carport
circular driveway
large backyard
storage shed
hardwood floors
new vinyl windows
new gutter/leaf guard system
new lighting
new roof
HVAC only 2 years old
Building Details
Year built
1956
Flooring type
Hardwood
Building materials
Brick
Roof type
Composition
Listing Agency:
HR Heritage Realty, Inc.
(770) 228-5657
Listed By:
Staci Donaldson · License #206424
(404) 787-6451
Added: Aug 25, 2025
Changed: Oct 13
Last Checked: Oct 13 at 8:06AM
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.
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
$330.2K
$288.9K – $385.3K
NOI $23,115 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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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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?
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
