Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Medical Office Space
223 College St Griffin, GA 30224-4120
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1276889
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
WOOD
Total area
6,647 SF
Lot
0.52 ac (22,651 SF)
Zoning code
CBD
APN
023 -04-009
UPID
US22-1276889
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
-
Edward Jones - Financial Advisor: Amy M Dunham, AAMS® Financial Advisor
-
Eugene Stanley Hurwitz Physician Medical Clinic
-
Eugene Hurwitz Physician Medical Clinic
-
Center for Allergy and Asthma of Georgia Medical Clinic
-
Spalding Regional Center-Sleep Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$720k
Owner & transaction history
Sharpe Real Estate LLC · 14 yrs held
Sharpe Real Estate LLC
since 2012
Last sale
$719,000
2 recorded transactions
Zoning & alternative use
CBD · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It shall be the intent of this zoning district to promote and encourage the development and protect the viability of the downtown commercial area of the city, The regulations which apply within this district are designed to encourage the formation and continuance of a stable, economically healthy and compatible environment for a mixture of commercial, (whole…
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
184.34 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.0M
+35.9%
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
$720,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$765,000
Current use
COMMERCIAL (GENERAL)
$1,040,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$755,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$725,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$720,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $719k (Jun 11 2024)
Last sale anchor
$719k
Jun 11 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
$108 / 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
$13,529
Tax year 2023
Assessed value
$350,646
Assessed 2023
Previous assessed
$350,645
+0.0% YoY
Effective rate
3.86%
On assessed value
Assessed land
$36,242
Assessed improvement
$314,404
Land market value
$90,604
Improvement market value
$786,009
Total market value
$876,613
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
YES
Cooling
YES
Total area
6,647 SF
Lot
0.52 ac (22,651 SF)
Zoning code
CBD
APN
023 -04-009
UPID
US22-1276889
Jurisdiction
SPALDING
Zoning & alternative use
CBD · Griffin, GAZoning CBD · permitted uses
CBD · 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 zoning district to promote and encourage the development and protect the viability of the downtown commercial area of the city, The regulations which apply within this district are designed to encourage the formation and continuance of a stable, economically healthy and compatible environment for a mixture of commercial, (wholesale and retail), office, government services and residential uses that are located so as to provide the city convenient shopping and service facilities
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
184.34 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$755,000
RETAIL STORES
Est. value
$725,000
OFFICE BUILDING
Est. value
$720,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
WOOD
Heating
YES
Cooling
Yes
Lot
0.52 ac
Current owner
From public records · entity-resolved
Sharpe Real Estate LLC
Entity
Mailing address
27 W STILLWATER TRCE, GRIFFIN, GA 30223-7174
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2012
$325,000
Sharpe Real Estate LLC
Remington,d Brian
Warranty Deed
—
—
—
D Brian Remington
—
Deed Of Trust
related
$349,856 · Fidelity Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 223 College St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
