Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Manufacturing properties
1520 Kalamazoo Dr Griffin, GA 30224-3920
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1544629
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1961
Construction
STEEL FRAME
Total area
115,354 SF
Lot
8.23 ac (358,499 SF)
Zoning code
PID
APN
049A-02-002
UPID
US22-1544629
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
-
Woodland Industries Inc Industrial Manufacturer Production Facility
-
Mid State Asphalt Georgia General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.40M
Owner & transaction history
Abh Properties II LLC · 4 yrs held
Abh Properties II LLC
since 2022
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
PID · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It shall be the intent of this district to establish and protect sites for light industrial uses which are not significantly objectionable in terms of appearance, noise, odor, fumes, etc, to surrounding properties, The regulations which apply within this district are designed to encourage the formation and continuance of a compatible environment for uses of…
Zone name
Planned Industrial District
General category
INDUSTRIAL
Zone area
980.90 ac
Source
Realmo
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
$1,155,000
ML approach
$1,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.09M (Feb 18 2022)
Last sale anchor
$1.09M
Feb 18 2022
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
$12 / 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
$34,847
Tax year 2023
Assessed value
$871,992
Assessed 2023
Previous assessed
$871,992
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$69,380
Assessed improvement
$802,612
Land market value
$173,450
Improvement market value
$2,006,531
Total market value
$2,179,981
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1961
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Total area
115,354 SF
Lot
8.23 ac (358,499 SF)
Zoning code
PID
APN
049A-02-002
UPID
US22-1544629
Jurisdiction
SPALDING
Zoning & alternative use
PID · Griffin, GAZoning PID · permitted uses
PID · 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 district to establish and protect sites for light industrial uses which are not significantly objectionable in terms of appearance, noise, odor, fumes, etc, to surrounding properties, The regulations which apply within this district are designed to encourage the formation and continuance of a compatible environment for uses of a light industrial nature, to protect and preserve undeveloped areas of the city which are suitable for such industries and to discourage encroachment by other uses which are capable of adversely affecting the limited industrial character of the district
Zone name
Planned Industrial District
General category
INDUSTRIAL
Zone area
980.90 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1961
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Lot
8.23 ac
Current owner
From public records · entity-resolved
Abh Properties II LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1637 51ST AVE, TUSCALOOSA, AL 35401-2573
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
$1,089,000
Abh Properties II LLC
Woodland Industries INC
Limited Warranty Deed
—
Jul 14, 2018
—
Woodland Industries INC
Griffin-spalding Cnty Dev Auth
Quit Claim Deed
related
—
Mar 8, 2007
$4,650,000
Griffin Spalding County Develo
Woodland Industries INC
Grant Deed
—
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
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 1520 Kalamazoo Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
