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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    110 4Th St Griffin, GA 30223

    • Commercial real estate
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2001475
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 110 4Th St

    Year built
    1947
    Lot size
    0.57 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents three contiguous commercially-zoned lots totaling 0.57 acres, strategically located in Griffin, Georgia. The parcels, identified as 018 47015, 018 47016, and 018 47017, are being sold together, offering a unique chance for expansion, new construction, or the establishment of a new business. Situated just off Highway 16 and in close proximity to downtown Griffin, this property boasts high visibility and convenient access, making it ideal for businesses seeking a strong presence in a growing market. The location's adjacency to a commercial property at 406 E Solomon St further enhances its appeal and potential for synergistic development. This combined acreage presents a compelling opportunity for investors and entrepreneurs looking to capitalize on the thriving commercial landscape of Griffin. The asking price for this exceptional property is $200,000. Don't miss this chance to acquire a prime piece of commercial real estate in a dynamic and accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Griffin
    County
    Spalding
    State
    Georgia
    Longitude
    -84.25859
    Latitude
    33.24789

    Comparable in this City

    • $7,050,000
      17,056 SF

      Griffin, GA Commercial Property

      8.43 Acres, 17,056 SF, High Visibility
      2425 Expressway, Griffin, GA 30223
      View Details
    • $230,500
      14.26 Acres

      Griffin Commercial Land - Hwy 16 W

      14.26 Acres, C4 Zoning, Hwy 16 Frontage
      1918 Ga-16, Griffin, GA 30223
      View Details
    • $185,000
      4.59 Acres

      Griffin, GA Land: Hwy 16 Frontage

      4.59 Acres, $185,000, Residential Zoning
      0 Walkers Ml Rd & Hwy 16, Griffin, GA 30223
      View Details
    • $185,000
      4.59 Acres

      Hwy 16 Commercial Land - Griffin, GA

      Prime 4.59-acre commercial lot, high traffic.
      0 Walkers Mill Rd, Griffin, GA 30223
      View Details
    • $625,000
      6,000 SF

      Griffin Commercial Building - Huge Potential

      6,000 sq ft building on 1 acre lot. Great for various uses!
      3418 Expressway, Griffin, GA 30223
      View Details
    • $850,000
      8,800 SF

      Griffin Church Property: Prime Location

      Versatile Commercial Space, Ample Parking
      205 Spalding St, Griffin, GA 30223
      View Details

    Similar Nearby for Sale

    • $7,050,000
      17,056 SF

      Griffin, GA Commercial Property

      8.43 Acres, 17,056 SF, High Visibility
      2425 Expressway, Griffin, GA 30223
      View Details
    • $230,500
      14.26 Acres

      Griffin Commercial Land - Hwy 16 W

      14.26 Acres, C4 Zoning, Hwy 16 Frontage
      1918 Ga-16, Griffin, GA 30223
      View Details
    • $185,000
      4.59 Acres

      Griffin, GA Land: Hwy 16 Frontage

      4.59 Acres, $185,000, Residential Zoning
      0 Walkers Ml Rd & Hwy 16, Griffin, GA 30223
      View Details
    • $185,000
      4.59 Acres

      Hwy 16 Commercial Land - Griffin, GA

      Prime 4.59-acre commercial lot, high traffic.
      0 Walkers Mill Rd, Griffin, GA 30223
      View Details
    • $850,000
      8,800 SF

      Griffin Church Property: Prime Location

      Versatile Commercial Space, Ample Parking
      205 Spalding St, Griffin, GA 30223
      View Details
    • $625,000
      6,000 SF

      Griffin Commercial Building - Huge Potential

      6,000 sq ft building on 1 acre lot. Great for various uses!
      3418 Expressway, Griffin, GA 30223
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      18 SF

      Griffin Expressway Office Space

      Prime Office Space, Multiple Uses
      547 Expressway, Griffin, GA 30223
      View Details
    • $1,300 /Mo
      58,370 SF

      Retail/Office Space in Griffin, GA

      1200 sq ft retail or office space for lease.
      1742 Zebulon Rd Unit, Griffin, GA 30223
      View Details
    • $2,000 /Mo
      69,696 SF

      Griffin Commercial Out Parcels For Lease

      Two commercial out parcels available for lease in Griffin, GA.
      2 Sep Tracts, Griffin, GA 30223
      View Details
    • Contact for pricing
      235,318 SF

      Griffin Shopping Center Opportunity

      High-traffic retail space available in Georgia.
      1424 Expressway, Griffin, GA 30223
      View Details
    • $8,000 /Mo
      6,250 SF

      Griffin Commercial Property For Rent

      6250 SF retail/warehouse space with high visibility.
      1517 Lucky St, Griffin, GA 30223
      View Details
    • Contact for pricing
      1,000,000 SF

      Land Available For Lease

      Commercial land available for lease, construction can begin Sept 2022.
      480 Tomochichi Rd, Griffin, GA 30223
      View Details
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    110 4Th St
    Griffin, GA 30223
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    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
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