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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Retail space
21 Bicycle Rd Griffin, GA 30223-6104
Individually Owned
2-yr Hold
Free & Clear
Property ID
US22-4162390
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Construction
CONCRETE
Total area
9,372 SF
Lot
2.1 ac (91,476 SF)
Zoning code
C-1
APN
257 -01-025-G
UPID
US22-4162390
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.74M
Owner & transaction history
Kamal Babubhai Patel Revocable Trus · 2 yrs held
Kamal Babubhai Patel Revocable Trus
since 2023
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
C-1 · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+64.3%
Commercial (general)
$1.3M
+25.3%
Auto repair, garage
$1.1M
+7.4%
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
$1,950,000
ML approach
$1,820,000
CAP Approach
CAP Return
Estimation
6%
$2,195,000
6.5%
$2,030,000
7%
$1,885,000
Alternative Use
Use
Estimation
RESTAURANT
$1,660,000
Change: +64% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,265,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,085,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$1,075,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±10% · vs last sale $1.65M (Aug 30 2023)
Last sale anchor
$1.65M
Aug 30 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
$185 / 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
$23,042
Tax year 2023
Assessed value
$643,422
Assessed 2023
Previous assessed
$643,422
+0.0% YoY
Effective rate
3.58%
On assessed value
Assessed land
$146,341
Assessed improvement
$497,081
Land market value
$365,852
Improvement market value
$1,242,702
Total market value
$1,608,554
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
2018
Construction
CONCRETE
Heating
NONE
Stories
1
Rooms
5
Bathrooms
1
Total area
9,372 SF
Lot
2.1 ac (91,476 SF)
Zoning code
C-1
APN
257 -01-025-G
UPID
US22-4162390
Jurisdiction
SPALDING
Zoning & alternative use
C-1 · Griffin, GA
Zoning C-1 · permitted uses
C-1 · 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
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL 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
2018
Construction
CONCRETE
Heating
NONE
Stories
1
Rooms
5
Bathrooms
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
Kamal Babubhai Patel Revocable Trus
Individual
Free & Clear · 2 yrs held
Mailing address
828 BROOKLINE DR, MYRTLE BEACH, SC 29579-7060
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2023
—
Kamal Babubhai Patel Revocable Trus
Kamal Patel
Quit Claim Deed
related
—
Jun 25, 2019
—
Kamal Patel
—
Deed
related
$1,800,000 · United Cmnty Bk
Mar 26, 2019
$1,646,500
Patel Kamel
Sw Griffin Hwy 92 LLC
Grant Deed
—
Feb 8, 2018
$260,000
Sw Griffin Hwy 92 LLC
New Salem Baptist Church Of Gr
Grant Deed
—
—
—
Kamal Patel
—
Deed Of Trust
related
$1,800,000 · United Cmnty 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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