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Property profile & analytics
OFF-MARKET
Estimated value
$9,825,000
Manufacturing properties
200 Wilson Rd Griffin, GA 30223-4537
Individually Owned
17-yr Hold
Free & Clear
Property ID
US22-4526625
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Construction
STEEL FRAME
Total area
203,291 SF
Lot
19.83 ac (863,795 SF)
Zoning code
PID
APN
039 -01-004
UPID
US22-4526625
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
-
Norcom Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.41M
Blend (final)
Blend
$9.83M
Owner & transaction history
Cnty Dev Auth Griffin-spalding · 17 yrs held
Cnty Dev Auth Griffin-spalding
since 2008
7 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
Top alternative use upside
Warehouse, storage
$11.8M
+3.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,320,000
Current use
WAREHOUSE, STORAGE
$11,750,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$9.83M
Range $8.84M – $10.81M · ±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
$48 / 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
$68,687
Tax year 2023
Assessed value
$2,094,332
Assessed 2023
Previous assessed
$2,094,332
+0.0% YoY
Effective rate
3.28%
On assessed value
Assessed land
$237,960
Assessed improvement
$1,856,372
Land market value
$594,900
Improvement market value
$4,640,930
Total market value
$5,235,830
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
1992
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Total area
203,291 SF
Lot
19.83 ac (863,795 SF)
Zoning code
PID
APN
039 -01-004
UPID
US22-4526625
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.3M
WAREHOUSE, STORAGE
Est. value
$11.8M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1992
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Lot
19.83 ac
Current owner
From public records · entity-resolved
Cnty Dev Auth Griffin-spalding
Individual
Free & Clear · 17 yrs held
Mailing address
PO BOX 1009, GRIFFIN, GA 30224-0026
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2011
—
Norcom INC
—
Loan Modification
related
$121,266,694 · Bank Of America
Aug 29, 2008
$4,250,000
Cnty Dev Auth Griffin-spalding
Cooper-standard Automotive INC
Warranty Deed
—
Aug 29, 2008
—
Cnty Dev Auth Griffin-spalding
Cooper-standard Automotive INC
Quit Claim Deed
related
—
Aug 28, 2008
$4,250,000
Griffin Spalding County Develo
Cooper,standard Automotive
Grant Deed
—
—
—
Norcom INC
—
Loan Modification
related
$135,000 · Bank Of America
—
—
Norcom INC
—
Loan Modification
related
$135,000 · Bank Of America
—
—
Norcom INC
—
Loan Modification
related
$120,000,000 · Bank Of America
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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