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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Drive through restaurants
1440 Expy Expressway Griffin, GA 30223-1785
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0879525
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2021
Construction
WOOD FRAME
Total area
6,552 SF
Lot
0.62 ac (27,007 SF)
Zoning code
PCD
APN
065 -05-027
UPID
US22-0879525
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
N Expressway Investments LLC · 3 yrs held
N Expressway Investments LLC
since 2022
Last sale
$2.5M
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
$3,315,000
ML approach
$3,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $2.46M (Jul 15 2021)
Last sale anchor
$2.46M
Jul 15 2021
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
$382 / 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
$25,848
Tax year 2023
Assessed value
$646,792
Assessed 2023
Previous assessed
$646,792
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$400,752
Assessed improvement
$246,040
Land market value
$1,001,880
Improvement market value
$615,101
Total market value
$1,616,981
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2021
Construction
WOOD FRAME
Heating
NONE
Total area
6,552 SF
Lot
0.62 ac (27,007 SF)
Zoning code
PCD
APN
065 -05-027
UPID
US22-0879525
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.
Building & site characteristics
From public records
Year built
2021
Construction
WOOD FRAME
Heating
NONE
Lot
0.62 ac
Current owner
From public records · entity-resolved
N Expressway Investments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
130 KNICKERBOCKER RD APT C, CLOSTER, NJ 07624-1151
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Sep 29, 2022
$3,497,170
N Expressway Investments LLC
Wre Griffin I LLC
Limited Warranty Deed
—
Mar 24, 2022
$2,461,500
1440 Expressway LLC
Wre Griffin I LLC
Warranty Deed
—
Jul 15, 2021
$1,225,000
Wre Griffin I LLC
Henry K T Ling
Warranty Deed
$3,011,000 · United Bank
Jul 25, 2006
—
Henry K T Ling
Ling,dennis K
Quit Claim Deed
—
Jul 20, 2006
—
Henry K Ling
Ling,dennis K Etal
Quit Claim Deed
related
—
—
—
Henry K T Ling
—
Deed Of Trust
related
$302,451 · United Bank
—
—
Henry K T Ling
—
Deed Of Trust
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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