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Property profile & analytics
OFF-MARKET
Estimated value
$4,050,000
Motels
1906 Expy Expressway Griffin, GA 30223-1167
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-1816524
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2005
Construction
WOOD
Total area
22,520 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C1
APN
103 -14-001
UPID
US22-1816524
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
$4.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.05M
Owner & transaction history
Vivan Hospitality LLC · 2 yrs held
Vivan Hospitality LLC
since 2024
Last sale
$4.1M
4 recorded transactions
Zoning & alternative use
C1 · 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
$4,050,000
ML approach
$4,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,160,000
Change: 0% · Conversion: Difficult
RESTAURANT
$2,815,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,755,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.05M
Range $3.65M – $4.46M · ±10% · vs last sale $4.05M (May 24 2024)
Last sale anchor
$4.05M
May 24 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
$180 / 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
$50,581
Tax year 2023
Assessed value
$1,515,471
Assessed 2023
Previous assessed
$1,515,471
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$123,189
Assessed improvement
$1,392,282
Land market value
$307,972
Improvement market value
$3,480,706
Total market value
$3,788,678
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Total area
22,520 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C1
APN
103 -14-001
UPID
US22-1816524
Jurisdiction
SPALDING
Zoning & alternative use
C1 · Griffin, GAZoning C1 · permitted uses
C1 · 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
COMMERCIAL (GENERAL)
Est. value
$3.2M
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
RESTAURANT
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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Buildings
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Vivan Hospitality LLC
Entity
Mailing address
1906 N EXPY EXPRESSWAY, GRIFFIN, GA 30223-1167
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
May 24, 2024
$4,050,000
Vivan Hospitality LLC
Maa Shell LLC
Warranty Deed
$2,652,020 · United Bank
Aug 18, 2021
$3,625,000
Maa Shell LLC
Shivani Nicole LLC
Warranty Deed
$3,000,000 · Embassy National Bank
Aug 18, 2021
—
Maa Shell LLC
Shivani Nicole LLC
Warranty Deed
—
Feb 19, 2010
$16,000
Shivani Nicole LLC
Nekatel II LLC
Warranty Deed
$1,000,000 · Nekatel II LLC
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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