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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Commercial real estate
1578 Patterson Rd Griffin, GA 30223-9228
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1426105
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Lot
12.88 ac (561,053 SF)
Zoning code
NON-CONFORM
APN
254 -03-003
UPID
US22-1426105
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
-
Ma Electric Repair Electrical Service General Contractor
-
K.C.'s Custom Jewelry and Watch Repair (Bike/Boat/Book/etc) Store
-
Ponderosa Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Bmp Mhp LLC · 1 yrs held
Bmp Mhp LLC
since 2025
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
NON-CONFORM · 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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Sep 20 2024)
Last sale anchor
$1.50M
Sep 20 2024
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
—
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
$1,965
Tax year 2023
Assessed value
$54,880
Assessed 2023
Previous assessed
$54,880
+0.0% YoY
Effective rate
3.58%
On assessed value
Assessed land
$32,184
Assessed improvement
$22,696
Land market value
$80,460
Improvement market value
$56,739
Total market value
$137,199
Applied tax rate
3.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Heating
NONE
Lot
12.88 ac (561,053 SF)
Zoning code
NON-CONFORM
APN
254 -03-003
UPID
US22-1426105
Jurisdiction
SPALDING
Zoning & alternative use
NON-CONFORM · Griffin, GAZoning NON-CONFORM · permitted uses
NON-CONFORM · Griffin, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Lot
12.88 ac
Current owner
From public records · entity-resolved
Bmp Mhp LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1578 PATTERSON RD, GRIFFIN, GA 30223-9228
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2025
—
Bmp Mhp LLC
Iris City Residential LLC
Quitclaim Deed
related
—
Sep 20, 2024
—
Iris City Residential LLC
Mike Watson
Quit Claim Deed
related
$2,625,000 · United Bank
Jan 16, 2024
—
Iris City Residential LLC
Mike Watson
Quit Claim Deed
related
—
Nov 16, 2022
$1,500,000
Iris City Residential LLC
Ponderosa Mhp LP
Limited Warranty Deed
$1,000,080 · United Bank
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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