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    124 W College St Griffin, GA 30224
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    124 W College St Griffin, GA 30224

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    • Strip malls
    • 19,590 SF
    • 1.50 lot acres
    For Lease
    $2,500 /Mo
    View Listing →
    Griffin Office Space For Rent For Lease
    $2,500 /Mo
    1,590 SF

    Griffin Office Space For Rent

    Office space available in Griffin, GA, January 1, 2026.

    124 W College Street, Griffin, GA 30224
    View Listing
    Property ID
    US22-0836267
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lindsey Orthodontics / Dental Office
    • Confidential STD Testing Centers / Std Testing Service

    Property Details for 124 W College St

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.50 lot acres
    Property size
    19,590 SF
    Zone code
    PCD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    023 -06-001
    APU
    2306001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,590,000
      RESTAURANT
      $2,550,000
      OFFICE BUILDING
      $2,275,000
      MEDICAL BUILDING
      $1,960,000
      RETAIL STORES
      $1,855,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Griffin
    County
    Spalding
    State
    Georgia
    Longitude
    -84.2647
    Latitude
    33.2437
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,176
    $120,000
    $484,963
    $604,963
    -
    $300,000
    $1,212,408
    $1,512,408

    Comparable in this City

    • Value Estimation
      $3,690,000
      59,524 SF

      816 Hl St

      SHOPPING CENTER, STRIP CENTER • 59,524 SF
      816 Hl St, Griffin, GA 30224-4842
      View Details
    • Value Estimation
      $3,440,000
      25,300 SF

      1570 Williamson Rd

      SHOPPING CENTER, STRIP CENTER • 25,300 SF
      1570 Williamson Rd, Griffin, GA 30224-3931
      View Details
    • Value Estimation
      $3,345,000
      4,080 SF

      800 Hl St

      SHOPPING CENTER, STRIP CENTER • 4,080 SF
      800 Hl St, Griffin, GA 30224-4842
      View Details
    • Value Estimation
      $2,750,000
      77,300 SF

      1108 Zebulon Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 77,300 SF
      1108 Zebulon Rd, Griffin, GA 30224-5165
      View Details
    • Value Estimation
      $1,055,000
      27,200 SF

      900 Pne Hl Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 27,200 SF
      900 Pne Hl Rd, Griffin, GA 30224-8303
      View Details
    • Value Estimation
      $2,780,000
      20,331 SF

      10th S Rd

      MINI-MALL • 20,331 SF
      10th S Rd, Griffin, GA 30224
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      1.09 Acres Commercial Land Griffin

      1.09 acres of C-1 zoned land in Griffin, GA.
      1640 Zebulon Rd, Griffin, GA 30224
      View Details
    • New
      $1,550,000
      13.58 Acres

      Griffin Commercial Development Opportunity

      13.58 acres ideal for retail, office, or residential development.
      13.58 Acres Zebulon Rd, Griffin, GA 30224
      View Details
    • $799,000
      4,800 SF

      Prime Commercial Property in Griffin

      High-visibility commercial property with many potential uses in a growing area.
      1302 W Taylor St, Griffin, GA 30224
      View Details
    • $275,000
      1,176 SF

      Griffin Commercial Property For Sale

      All-brick building with endless possibilities in a prime location.
      220 Airport Rd, Griffin, GA 30224
      View Details
    • $105,000
      4,212 SF

      Commercial Corner Lot in Griffin

      Commercial property with multiple rooms and endless possibilities in Griffin.
      528 Meriwether St, Griffin, GA 30224
      View Details
    • New
      $480,000
      Pending

      Griffin Automotive Business Opportunity

      Commercial space ideal for automotive business with ample space.
      1348 Meriwether St, Griffin, GA 30224
      View Details

    Similar Nearby for Lease

    • $4,800 /Mo
      5,000 SF

      Griffin Commercial Space For Lease

      Renovated commercial space suitable for various business and community uses.
      1570 Williamson Rd, Griffin, GA 30224
      View Details
    • $2,500 /Mo

      Retail Space in Griffin, Georgia

      Retail space available for rent in Griffin, Georgia.
      426-428 Wilson Rd, Griffin, GA 30224
      View Details
    • Contact for pricing
      1,038 SF

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru and ample parking available for rent.
      1101 Ethridge Mill Rd, Griffin, GA 30224
      View Details
    • New
      $2,150 /Mo
      1,800 SF

      Medical Office Space Near Hospital

      1800 SF medical office space for lease near Wellstar.
      602 S 8Th St, Griffin, GA 30224
      View Details
    • $2,500 /Mo
      1,738 SF

      Medical Office Space For Rent

      Office space near Wellstar Spalding Regional Hospital, Griffin, GA.
      618-D S 8Th St, Griffin, GA 30224
      View Details
    • $1,500 /Mo
      1,450 SF

      Freestanding Office Building in Griffin

      Convenient professional office building near Griffin Hospital, ready to occupy.
      434 S 8Th St, Griffin, GA 30224
      View Details
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    Griffin, GA 30224
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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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