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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Retail space
1639 Zebulon Rd Griffin, GA 30224-5155
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1252244
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
STEEL FRAME
Total area
7,940 SF
Lot
1.34 ac (58,370 SF)
Zoning code
COMMERCIAL
APN
233 -03-007-E
UPID
US22-1252244
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
-
Flowers Sunbeam Thrift Store Big Box & Wholesale Store Food Market
-
Flowers Bakery Outlet 165 Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.21M
Owner & transaction history
Zebulon Road Partners LLC · 1 yrs held
Zebulon Road Partners LLC
since 2024
4 recorded transactions
Zoning & alternative use
COMMERCIAL · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+126.1%
Commercial (general)
$1.2M
+43.5%
Medical building
$910,000
+5.6%
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
$1,220,000
ML approach
$1,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$865,000
Current use
RESTAURANT
$1,955,000
Change: +126% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,240,000
Change: +44% · Conversion: Easy
MEDICAL BUILDING
$910,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$900,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$860,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$152 / 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
$21,235
Tax year 2023
Assessed value
$584,000
Assessed 2023
Previous assessed
$584,000
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$234,888
Assessed improvement
$349,112
Land market value
$587,220
Improvement market value
$872,780
Total market value
$1,460,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Total area
7,940 SF
Lot
1.34 ac (58,370 SF)
Zoning code
COMMERCIAL
APN
233 -03-007-E
UPID
US22-1252244
Jurisdiction
SPALDING
Zoning & alternative use
COMMERCIAL · Griffin, GAZoning COMMERCIAL · permitted uses
COMMERCIAL · Griffin, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$865,000
RESTAURANT
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$900,000
OFFICE BUILDING
Est. value
$860,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2004
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Lot
1.34 ac
Current owner
From public records · entity-resolved
Zebulon Road Partners LLC
Entity
Free & Clear · 1 yrs held
Mailing address
377 CAMDEN RD NE, ATLANTA, GA 30309-1513
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Dec 20, 2024
—
Zebulon Road Partners LLC
Ardmore Investors LLC
Warranty Deed
—
Mar 20, 2020
$1,365,000
Ardmore Investors LLC
Ra-ha LLC
Grant Deed
$365,000 · Iberiabank
Dec 21, 2012
$325,000
Family Dollar Stores Of Ga INC
Ra-ha LLC
Warranty Deed
—
Mar 25, 2004
$589,500
Ra-ha LLC
Horton-american Props LLC
Warranty 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.
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