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Property profile & analytics
OFF-MARKET
Estimated value
$11,380,000
Community centers
1424 Expy Expressway Griffin, GA 30223-1753
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2010225
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
89,096 SF
Lot
22.41 ac (976,180 SF)
Zoning code
PCD
APN
065 -05-033
UPID
US22-2010225
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.38M
Owner & transaction history
Fayette Holdings LLC · 5 yrs held
Fayette Holdings LLC
since 2021
7 recorded transactions
Zoning & alternative use
PCD · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Griffin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Griffin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,510,000
Change: 0% · Conversion: Easy
RESTAURANT
$11,145,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$10,900,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,990,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$8,445,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$7,685,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$11.38M
Range $10.24M – $12.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$128 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$356,465
Tax year 2023
Assessed value
$8,919,873
Assessed 2023
Previous assessed
$8,919,873
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$1,792,800
Assessed improvement
$7,127,073
Land market value
$4,482,000
Improvement market value
$17,817,683
Total market value
$22,299,683
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
6
Total area
89,096 SF
Lot
22.41 ac (976,180 SF)
Zoning code
PCD
APN
065 -05-033
UPID
US22-2010225
Jurisdiction
SPALDING
Zoning & alternative use
PCD · Griffin, GA
Zoning PCD · permitted uses
PCD · Griffin, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Griffin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$12.5M
RESTAURANT
Est. value
$11.1M
OFFICE BUILDING
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$8.4M
RETAIL STORES
Est. value
$7.7M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
6
Lot
22.41 ac
Current owner
From public records · entity-resolved
Fayette Holdings LLC
Entity
Mailing address
162 N MAIN ST STE #5, FLORIDA, NY 10921-1049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
$1,373,000
Fayette Holdings LLC
Bva Spalding LLC
Limited Warranty Deed
$1,027,500 · United Bank
Sep 26, 2019
$17,000,000
Bva Spalding LLC
Rcg-griffin LLC
Grant Deed
$13,000,000 · Cornerstone Com'l Mtgs
Sep 26, 2019
—
Bva Spalding LLC
Rcg Griffin LLC
Quit Claim Deed
related
—
Dec 26, 2013
—
Rcg-griffin LLC
Equity One INC
Quit Claim Deed
related
$2,800,000 · State Bank & Trust
Dec 26, 2013
$5,600,000
Rcg-griffin LLC
Equity One INC
Grant Deed
—
Dec 20, 2013
$5,600,000
Rcg Griffin LLC
Equity One INC
Grant Deed
—
Dec 20, 2013
—
Rcg Griffin LLC
Equity One INC
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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