Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Griffin Land with Development Potential Title is generated by Realmo AI

    3588 W Ellis Road, Griffin, GA 30223

    View on Map
    Claim this Listing
    For Sale
    $55,000

    LAND - Griffin, GA

    Lot size:
    2.00 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    69
    Last Refresh:
    Jun 2 at 9:06 am

    Property Features for 3588 W Ellis Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Partially Wooded, Cleared
    Standard status
    Active
    APN
    265 02009A
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    24
    Tax Annual Amount
    1189

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Angelica Diaz
    Angelica Diaz

    Listing agent Angelica Diaz License #307342

    Listing office Keller Williams Realty Atl. Partners 303 Corporate Center Drive, Suite 100, Stockbridge, GA

    Listing date Mar 26, 2026

    MLS# 10720580 Listing URL

    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.

    HighLights

    • Two‑acre property offering significant privacy.
    • Partially cleared land ready for building.
    • Utility connections (electricity, well, septic tank) potentially available.
    • Freedom to bring ATVs, dogs, chickens, and more.
    • Single‑family residential building allowed (minimum 1,500 heated sq ft).
    • Easy access with a sign in the yard.

    Overview

    This 2-acre land parcel, located in Griffin, Georgia, offers privacy and has been partially cleared. The property is situated in a residential area and accessed via an easement on a private driveway. Intended for single-family residential use, the property requires a minimum of 1,500 heated square feet for any new construction. An old mobile home has been removed from the site, and while utility connections are present, their current condition is unknown, as they have not been used by the seller. The property is easily accessible and suitable for building plans, recreational vehicles, and animals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Griffin
    County
    Spalding
    State
    Georgia
    Longitude
    -84.40212
    Latitude
    33.269737

    Nearby Similar for Sale

    • $1,395,000
      6,468 SF

      Griffin Restaurant on Highway 19/41

      Restaurant with high visibility and ample parking on 2.49 acres.
      1707 N Expressway, Griffin, GA 30223
      View Details
    • $945,000
      6,900 SF

      Griffin Commercial Building on 2.4 Acres

      6900 SF commercial building with showroom and shop area.
      3336 N Expressway, Griffin, GA 30223
      View Details
    • $199,000
      3,246 SF

      Griffin Commercial Property For Sale

      3,246 sq ft commercial property in Griffin, GA for sale.
      702 Experiment Street, Griffin, GA 30223
      View Details
    • $1,700,000
      2,912 SF

      Griffin Commercial Building For Sale

      2,912 sq ft commercial building in Spalding County.
      1530 Georgia Highway 16 W, Griffin, GA 30223
      View Details
    • $199,000
      3,246 SF

      Griffin Commercial Property with Parking

      3,246 SF commercial space in Griffin, GA for sale.
      702 Experiment Street, Griffin, GA 30223
      View Details
    • $1,300,000
      320 SF

      Griffin Industrial Tree Service Site

      3.87 acres, C-1B zoning, ideal for industrial use.
      102 Moreland Road, Griffin, GA 30224
      View Details
    • $750,000

      Griffin, GA Commercial Land

      2.18 acres with triple road frontage in Griffin, GA.
      632 N Expressway, Griffin, GA 30223
      View Details
    • $220,000
      2,006 SF

      Corner Lot Commercial Building

      Well-maintained commercial building suitable for office or service-based businesses.
      502 W Solomon Street, Griffin, GA 30223
      View Details
    • $270,000
      2,400 SF

      Griffin Office Building with Lot

      2400 SF office building with large vacant lot.
      225 N 13th Street, Griffin, GA 30223
      View Details
    • $725,000

      Commercial Land in High-Traffic Area

      7.67 acres of commercial land with highway frontage.
      209 Birdie Road, Griffin, GA 30223
      View Details
    • $299,900
      2,442 SF

      Griffin Office Building For Sale

      2442 SF office building with open spaces and offices.
      1308 W Solomon Street, Griffin, GA 30223
      View Details
    • $469,900
      6,030 SF

      Griffin Church with Lease Income

      Spalding County church for sale with existing lease.
      1344 N 9th Street, Griffin, GA 30223
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two-acre residential land parcel in Griffin, Georgia.
    Where is this residential land & home lot located?
    The property is located at 3588 W Ellis Road Griffin, GA.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Two‑acre property offering significant privacy.; Partially cleared land ready for building.; Utility connections (electricity, well, septic tank) potentially available.
    (404) 379-3060
    We can help!
    Listing Contact
    Angelica Diaz
    Angelica Diaz
    Real Estate License ID: 307342
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3588 W Ellis Road, Griffin, GA 30223
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!