Technical
Financial
Distress signals
Property profile

1409 Melrose Ave Griffin, GA 30223

OFF-MARKET
Outlet malls
Property ID
US22-2786862
7,700 SF 0.51 ac lot Built 1950
Individually Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,700 SF
Lot 0.51 ac (22,216 SF)
Zoning code PCD
APN 061 -10-008
UPID US22-2786862

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1409 Melrose Ave Griffin, GA 30223
Griffin metro Census 160402 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2023
Last sale
$325,000
5 recorded transactions
2023
$325,000
2011
Price N/A
2011
Price N/A
2011
Price N/A
2011
Price N/A

Zoning & alternative use

PCD · Griffin, GA
Zoning description

It shall be the intent of this zoning district to promote and encourage the clustering of commercial uses which occur along arterial thoroughfares; to promote and encourage the infill of commercial uses between existing…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1409 Melrose Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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