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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    209 Birdie Rd Griffin, GA 30223

    • Residential income homes
    • 7.67 lot acres
    For Sale
    View listing
    $775,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1271768
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 209 Birdie Rd

    Lot size
    7.67 lot acres
    Property type
    Residential income homes
    APN
    20804

    Description

    This exceptional 7.67-acre commercial property, located at 209 Birdie Road in Griffin, Georgia (zip code 30223), presents a unique investment opportunity. Zoned for commercial use, this strategically located land boasts significant road frontage on Highway 19/41 and Birdie Road, providing unparalleled visibility and accessibility. The property's APN is 20804. According to Georgia DOT traffic data, Highway 19/41 in this area sees an average daily traffic count of 31,300 vehicles, ensuring high exposure for any development. The property is classified as mixed-use and multifamily, suitable for a variety of commercial ventures. Its proximity to the recently constructed Target warehouse near the Atlanta Motor Speedway in Hampton offers further advantages, placing it in a rapidly developing area with high growth potential. This prime location, situated between Griffin and the speedway, makes it an ideal site for developers seeking a high-traffic location to realize their vision. The asking price for this remarkable property is $700,000. This is a single-family rental portfolio opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Griffin
    County
    Spalding
    State
    Georgia
    Longitude
    -84.2910142
    Latitude
    33.3199563

    Comparable in this City

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    • $495,000
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      Griffin Multifamily Investment Opportunity

      Seven houses, studio, and garage on 6.44 acres.
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      32-Unit Value-Add Portfolio, Griffin, GA

      32-unit portfolio in Griffin, GA with value-add opportunity.
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    • $145,000
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      Griffin, GA Duplex Investment

      Fully occupied duplex in Griffin, GA, generating instant revenue.
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    Similar Nearby for Sale

    • $179,900

      Duplex on 1-Acre Lot

      Duplex with renovation potential on a spacious 1-acre lot.
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      View Details
    • $145,000
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      Griffin, GA Duplex Investment

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    • $145,000
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      Griffin, GA Duplex Investment

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      221 Lexington Ave, Griffin, GA 30223
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    • $225,000

      Griffin Duplex: Investment Opportunity

      Duplex in Griffin, GA, ideal for investors or owner-occupants.
      566 N 13Th St, Griffin, GA 30223
      View Details
    • $495,000
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      Griffin Multifamily Investment Opportunity

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      8 Searcy Ave, Griffin, GA 30223
      View Details
    • New
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      32-Unit Value-Add Portfolio, Griffin, GA

      32-unit portfolio in Griffin, GA with value-add opportunity.
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    Similar Nearby for Lease

    • $16 SF/Yr
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      Prime Office Space, Multiple Uses
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      1200 sq ft retail or office space for lease.
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      Griffin Commercial Out Parcels For Lease

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      235,318 SF

      Griffin Shopping Center Opportunity

      High-traffic retail space available in Georgia.
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      320,000 SF

      Class A Industrial Development

      Class A industrial development with direct access to I-75.
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    • Contact for pricing
      1,000,000 SF

      Land Available For Lease

      Commercial land available for lease, construction can begin Sept 2022.
      480 Tomochichi Rd, Griffin, GA 30223
      View Details
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    209 Birdie Rd
    Griffin, GA 30223
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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