Auto Shop with Multiple Service
For Sale
$239,990
B-12 Sixth St, Griffin, GA 30223
Flexible commercial building with office space, high ceilings, parking, and room for equipment, trailers, or fleet vehicles.
Property Size2,520 SF
Price / SF$95.23
Days on Market29
Property Features for B-12 Sixth St
General Information
Standard status
Active
Size
2,520 SF
Taxes and HOA fees
Annual Taxes
$507
Listing Agency:
Dream Realty Inc.
(404) 207-7829
Listed By:
Vernice Dauphin · License #176407
(404) 207-7829
Source:
Exprealty
Added: Jul 28
Changed: Aug 21
Last Checked: Aug 24 at 1:45PM
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 Dream Realty Inc.
Investment Insights
Based on property information with market context.
This 2,520 SF commercial building on nearly one acre is configured for automotive and service-oriented operations. The property includes multiple service bays, high ceilings, office space, and a full bathroom, with ample parking and outdoor capacity for equipment, trailers, or fleet vehicles.
Located at B-12 Sixth St in Griffin, the property provides access to downtown Griffin and surrounding highways. Its existing layout supports automotive repair, contractor operations, warehouse, fabrication, and detailing uses as described in the property information.
Located at B-12 Sixth St in Griffin, the property provides access to downtown Griffin and surrounding highways. Its existing layout supports automotive repair, contractor operations, warehouse, fabrication, and detailing uses as described in the property information.
Key Highlights
- 2,520 SF commercial building on nearly one acre
- Multiple service bays with high ceilings
- Office space and a full bathroom
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
$15,351
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
6.40%
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%
$307,020
$307.0K
Cap Rate 7%
$219,300
$219.3K
Cap Rate 9%
$170,567
$170.6K
Market Conditions
NOI Build-Up for 2,520 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
$23.9K $9.48/SF
− Vacancy
−$2.0K −$0.78/SF
EGI
$21.9K $8.70/SF
− OpEx
−$6.6K −$2.61/SF
NOI
$15.4K $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%
$307,020
Cap Rate 7%
$219,300
Cap Rate 9%
$170,567
Alternative Uses
Best Use
Retail
$506.4K
$443.1K – $590.8K
NOI $35,445 @ 7.0% cap · market cap 14.77%
Second Best
Industrial
$219.3K
$191.9K – $255.9K
NOI $15,351 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$707.6K
$619.2K – $825.6K
NOI $49,533 @ 7.0% cap · market cap 20.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30223, GA
38,111
Population
15,647
Households
2.4
Avg Household Size
41
Median Age
15%
College-Educated
84%
High-School Grad
108.0 sq mi
ZIP Area
353
Density / Sq Mi
$56,940
Median Household Income
$34,305
Median Earnings
$1,025
Median Rent
$186,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- J & C New And Used Tires — 1102 Memorial Dr, Griffin, GA 30223
- Middle Georgia RV Repair — 321 Rehoboth Rd, Griffin, GA 30223
- Gerber Collision & Glass — 296 Wilson Rd, Griffin, GA 30223
- Garrett's Transmission — 279 Wilson Rd A, Griffin, GA 30223
- Nicolas Auto Repair & Body Shop — 296 Wilson Rd, Griffin, GA 30223
Frequently Asked Questions
What type of property is this?
Auto shop - Flexible commercial building with office space, high ceilings, parking, and room for equipment, trailers, or fleet vehicles.
Where is this auto shop located?
The property is located at B-12 Sixth St Griffin, GA.
What is the asking price?
The asking price for this property is $239,990.
What are key features of this property?
This property features: 2,520 SF commercial building on nearly one acre; Multiple service bays with high ceilings; Office space and a full bathroom
