Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot in Griffin, GA Title is generated by Realmo AI

    Spalding, Griffin, GA 30223

    View on Map
    Claim this Listing
    For Sale
    $247,500

    COMMERCIAL - Griffin, GA

    Property size:
    6,400 SF
    Lot size:
    1.26 Acres
    Price / SF:
    $38/SF
    Added:
    Nov 25, 2025
    Days on Market:
    189
    Last Refresh:
    Jun 2 at 3:06 am

    Property Features for Spalding

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    055 03017D
    Size
    6,400 SF
    Lot size
    1.26 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    882

    Utilities

    Utilities
    Electricity Available
    Water source
    Public

    We can help!

    Listing Contact
    Gary W Laster
    Gary W Laster

    Listing agent Gary W Laster License #44376

    Listing office Rawlings Realty LLC 1012 Memorial Drive, Suite 2, GRIFFIN, GA

    Listing date Nov 25, 2025

    MLS# 10651355 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

    • Excellent location on Hwy 16 W & Highway 41, across from Home Depot.
    • Zoned C‑3/PCD, suitable for commercial development.
    • 1.26 AC lot size.
    • Approved site plan for a 6,400 sq. ft. multi‑tenant strip center.
    • Current income from easement.
    • Utilities: Electricity Available; Water Source: Public.

    Overview

    This 1.26-acre commercial lot is zoned C-3/PCD and offers an excellent location for development. The property is situated across the street from Home Depot and has current income from an easement. An approved site plan is available for a 6,400 sq. ft. multi-tenant strip center. The lot is located on Highway 16 W and Highway 41 in Griffin, GA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Griffin
    County
    Spalding
    State
    Georgia
    Longitude
    -84.245906
    Latitude
    33.247114

    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?
    Commercial land - 1.26 acre commercial lot in prime Griffin location.
    Where is this commercial land located?
    The property is located at Spalding Griffin, GA.
    What is the asking price?
    The asking price for this property is $247,500.
    What are key features of this property?
    This property features: Excellent location on Hwy 16 W & Highway 41, across from Home Depot.; Zoned C‑3/PCD, suitable for commercial development.; 1.26 AC lot size.
    (770) 468-1332
    We can help!
    Listing Contact
    Gary W Laster
    Gary W Laster
    Real Estate License ID: 44376
    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
    Spalding, 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!