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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Distribution centers
1721 Georgia Hwy 16th W Griffin, GA 30223-7108
Entity Owned
~
Est. High Equity
Property ID
US22-1723497
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Construction
CONCRETE
Total area
12,800 SF
Lot
2.06 ac (89,734 SF)
Zoning code
PCD
APN
080B-01-006
UPID
US22-1723497
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
$1.45M
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$844k
Blend (final)
Blend
$1.38M
Owner & transaction history
Miltmore Newnan LLC
Miltmore Newnan LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
PCD · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+206.3%
Commercial (general)
$1.7M
+133.6%
Auto repair, garage
$1.5M
+100.3%
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
$1,480,000
ML approach
$1,445,000
CAP Approach
CAP Return
Estimation
6%
$1,565,000
6.5%
$1,445,000
7%
$1,340,000
Alternative Use
Use
Estimation
RESTAURANT
$2,265,000
Change: +206% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,730,000
Change: +134% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,480,000
Change: +100% · Conversion: Easy
MEDICAL BUILDING
$1,470,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$1,380,000
Change: +86% · Conversion: Moderate
OFFICE BUILDING
$1,080,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.25M (Nov 6 2023)
Last sale anchor
$1.25M
Nov 6 2023
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
$107 / 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
$6,847
Tax year 2023
Assessed value
$177,457
Assessed 2023
Previous assessed
$177,457
+0.0% YoY
Effective rate
3.86%
On assessed value
Assessed land
$41,200
Assessed improvement
$136,257
Land market value
$103,000
Improvement market value
$340,643
Total market value
$443,643
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Buildings
2
Total area
12,800 SF
Lot
2.06 ac (89,734 SF)
Zoning code
PCD
APN
080B-01-006
UPID
US22-1723497
Jurisdiction
SPALDING
Zoning & alternative use
PCD · Griffin, GA
Zoning PCD · permitted uses
PCD · Griffin, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Griffin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1985
Construction
CONCRETE
Heating
NONE
Buildings
2
Lot
2.06 ac
Current owner
From public records · entity-resolved
Miltmore Newnan LLC
Entity
Mailing address
1721 GEORGIA HWY 16TH W, GRIFFIN, GA 30223-7108
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
Miltmore Newnan LLC
Miltmore LLC
Quitclaim Deed
related
—
May 28, 2025
—
Curry Upward Rentals LLC
—
Deed
related
$979,920 · United Bank
May 19, 2025
$1,350,000
Curry Upward Rentals LLC
Miltmore LLC
Deed
$980,000 · United Bank
May 19, 2025
—
Curry Upward Rentals LLC
—
Deed
related
$979,920 · United Bank
Nov 6, 2023
$1,250,000
Miltmore LLC
1721 Newnan LLC
Warranty Deed
—
Apr 19, 2022
$625,000
1721 Newnan LLC
Pike Real Estate Investment LLC
Warranty Deed
$312,500 · Pike Real Estate Investment
Apr 19, 2022
—
1721 Newnan LLC
Pike Real Estate Investment LLC
Warranty Deed
—
Oct 27, 2020
—
Pike R & E Invs LLC
—
Deed
related
$309,056 · United Bk
Jan 24, 2020
—
Advanced Box & Packaging Solut
—
Deed
related
$477,000 · Wells Fargo Bk
Nov 13, 2017
$395,000
Advanced Box & Packaging Solut
Cauble Griffin LLC
Warranty Deed
$355,500 · United Bk
Aug 18, 2011
—
Cauble Griffin LLC
Cauble,lillian C
Quit Claim Deed
related
—
Aug 8, 2011
—
Cauble Griffin LLC
Cauble,lillian Cobb
Quit Claim Deed
related
—
—
—
Advanced Box & Packaging Solut
—
Deed Of Trust
related
$477,000 · Wells Fargo Bk
—
—
Pike R & E Invs LLC
—
Deed Of Trust
related
$309,056 · United Bk
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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