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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Medical Office Space
1447 Expy Expressway Griffin, GA 30223-1752
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1562703
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Construction
CONCRETE
Total area
6,140 SF
Lot
0.75 ac (32,670 SF)
Zoning code
PCD
APN
066 -01-043
UPID
US22-1562703
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$900k
Owner & transaction history
Kp Griffin LLC · 10 yrs held
Kp Griffin LLC
since 2016
5 recorded transactions
Zoning & alternative use
PCD · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 commercial uses along arterial thoroughfares; to limit the number of access points from PCD to an arterial thoroughfare; to limit commercial…
Zone name
Planned Commercial District
General category
COMMERCIAL
Zone area
1,146.95 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.1M
+54.1%
Commercial (general)
$830,000
+17.6%
Auto repair, garage
$710,000
+0.8%
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
MEDICAL BUILDING
$705,000
Current use
RESTAURANT
$1,085,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$830,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$710,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$660,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$147 / 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
$37,129
Tax year 2023
Assessed value
$962,280
Assessed 2023
Previous assessed
$962,280
+0.0% YoY
Effective rate
3.86%
On assessed value
Assessed land
$339,512
Assessed improvement
$622,768
Land market value
$848,781
Improvement market value
$1,556,919
Total market value
$2,405,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
NONE
Total area
6,140 SF
Lot
0.75 ac (32,670 SF)
Zoning code
PCD
APN
066 -01-043
UPID
US22-1562703
Jurisdiction
SPALDING
Zoning & alternative use
PCD · Griffin, GAZoning PCD · permitted uses
PCD · Griffin, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 commercial uses along arterial thoroughfares; to limit the number of access points from PCD to an arterial thoroughfare; to limit commercial development which occurs outside the CBD to areas on an arterial thoroughfare adjacent to existing commercial development
Zone name
Planned Commercial District
General category
COMMERCIAL
Zone area
1,146.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$705,000
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$710,000
RETAIL STORES
Est. value
$660,000
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2016
Construction
CONCRETE
Heating
NONE
Lot
0.75 ac
Current owner
From public records · entity-resolved
Kp Griffin LLC
Entity
Mailing address
2500 DANIELLS BRG RD BLDG #100, ATHENS, GA 30606-6104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2016
$2,700,000
Kp Griffin LLC
Halpern Ents INC
Grant Deed
$1,870,000 · United Bk
Apr 1, 2015
$685,000
Halpern Ents INC
Bozeman & Son INC
Grant Deed
—
Apr 1, 2015
—
Halpern Entse INC
Bozeman & Son INC
Quit Claim Deed
related
—
Nov 25, 2008
—
Bozeman & Son INC
Bozeman,stanley I
Quit Claim Deed
related
—
Nov 24, 2008
—
Bozeman And Son INC
Bozeman,stanley L JR
Quit Claim 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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