1516 Kalamazoo Dr Griffin, GA 30224-8449
Property profile & analytics
1516 Kalamazoo Dr, Griffin, GA 30224-8449
- Industrial properties
- 19,600 SF
- 5.03 lot acres
Property ID
US22-1373845
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.
Location Intelligence
Current Use by Public Records
- McNair X Excavation, Inc. / General Contractor / Construction Company
- ShadeTree Event Rentals, LLC / Party Supply Store / Rental Equipment Company
- Star Crane & Hoist Service - Georgia / Material Handling Equipment Supplier
- Turf Magic / Landscaping
- M&M Imports Wholesale Distribution Center, LLC / Big Box & Wholesale Store
Property Details for 1516 Kalamazoo Dr
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 5.03 lot acres
- Zone code
- PID
- Property type
- Industrial properties
- APN
- 049A-02-004
- APU
- 049A02004
Description
This exceptional value-add opportunity presents a four-building, 85,012-square-foot industrial flex park situated on 8.2 acres in Griffin, Georgia. The property boasts 97% occupancy with twelve tenants, primarily under absolute NNN leases featuring rent bumps and guarantees, minimizing landlord responsibilities. Built in 1987 and 2001, the park offers significant value-add potential through lease term extensions, rent increases on below-market units, and filling the minimal vacancy. The strong in-place cash flow generates a current NOI of $640,850, with a pro-forma NOI projected at $670,662, resulting in a 7.09% cap rate and a pro-forma cap rate of 7.42%. The asking price is $9,040,000, translating to $106.34 per square foot and $753,333.33 per unit. Conveniently located less than a mile from Griffin Spalding Airport and within ten miles of I-75, this asset benefits from its position in a high-growth submarket with a low industrial vacancy rate (2.7% in South Clayton/Henry County). The property's address is 1506 and 1516 Kalamazoo Drive, Griffin, GA 30224, with APN numbers 049A-02-004 & 049A-02-005. This investment offers a compelling combination of stable income and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,690,000
- ML approach
- $7,045,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $4,820,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Griffin
- County
- Spalding
- State
- Georgia
- Longitude
- -84.2925
- Latitude
- 33.2227
- 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
$39,476
$50,180
$937,646
$987,826
-
$125,450
$2,344,116
$2,469,566
