Auto Salvage Property with
3171 Patton Road, Griffin, GA 30224
For Sale
$650,000
An operating salvage business occupies C3-zoned land with commercial buildings and a residence.
Property Size1,429 SF
Lot Size2.64 Acres
Price / SF$454.86
Days on Market132
Property Features for 3171 Patton Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Outdoor Storage
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Business Included
Automotive Uses
Taxes and HOA fees
Annual Taxes
Amenities
roll-up doors
customer parts counter
upstairs storage
storage sheds
residence
Building Details
Building Size
Year Built
Listing Agency:
Georgia Real Estate Team
(678) 688-8157
Listed By:
Christopher Norman
(404) 940-9355
Source:
Batten-taylor
Added: Jul 1
Changed: Nov 7
Last Checked: Nov 8 at 2:57PM
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 Georgia Real Estate Team
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Investment Insights
Based on property information with market context.
This 2.64-acre automotive property includes a 1,500-square-foot garage with a customer parts counter, multiple roll-up doors, and an upper level for storage or work space. Additional commercial buildings and storage sheds are on site. The property also has a 1,429-square-foot residence with two bedrooms and 2.5 bathrooms. The salvage business is operating.
The corner parcel fronts Highway 19 and Patton Road. The land is mostly level and open, and the zoning is C3.
The corner parcel fronts Highway 19 and Patton Road. The land is mostly level and open, and the zoning is C3.
Key Highlights
- Operating auto salvage business
- 2.64‑acre C3‑zoned property
- Corner parcel with frontage on Highway 19 and Patton Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,099
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,980
$402.0K
Cap Rate 7%
$287,129
$287.1K
Cap Rate 9%
$223,322
$223.3K
Market Conditions
NOI Build-Up for 1,429 SF
Gross rent
$31.4K $21.96/SF
− Vacancy
−$2.7K −$1.87/SF
EGI
$28.7K $20.09/SF
− OpEx
−$8.6K −$6.03/SF
NOI
$20.1K $14.07/SF
Area
Spalding County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,980
Cap Rate 7%
$287,129
Cap Rate 9%
$223,322
Alternative Uses
Best Use
Retail
$287.1K
$251.2K – $335.0K
NOI $20,099 @ 7.0% cap · market cap 3.09%
Second Best
Industrial
$124.4K
$108.8K – $145.1K
NOI $8,705 @ 7.0% cap · market cap 1.34%
Theoretical Best
Office A
$399.5K
$349.5K – $466.0K
NOI $27,962 @ 7.0% cap · market cap 4.30%
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
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Automotive property - An operating salvage business occupies C3-zoned land with commercial buildings and a residence.
Where is this automotive property located?
The property is located at 3171 Patton Road Griffin, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Operating auto salvage business; 2.64‑acre C3‑zoned property; Corner parcel with frontage on Highway 19 and Patton Road
