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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Office Spaces
228 Poplar St Griffin, GA 30224-3401
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US22-0768573
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1935
Construction
CONCRETE
Total area
5,314 SF
Lot
0.27 ac (11,761 SF)
Zoning code
CBD
APN
022 -02-005
UPID
US22-0768573
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
-
Holbrook & Howery Holistic Therapy Alternative Medicine Practice Spa & Massage Center
-
Howery Holistic Therapy Alternative Medicine Practice Spa & Massage Center
-
Pamela's Salon Hair Salon
-
Corium Revive Skincare Studio Medical Clinic Skin Care Clinic
-
Fox & Hound Barber Salon Co. Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$940k
Blend (final)
Blend
$940k
Owner & transaction history
Dbfj 228 Griffin LLC · 7 yrs held
Dbfj 228 Griffin LLC
since 2018
4 recorded transactions
Zoning & alternative use
CBD · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+57.5%
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%
$1,170,000
6.5%
$1,080,000
7%
$1,000,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$830,000
Current use
RESTAURANT
$1,305,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$177 / 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
$5,901
Tax year 2023
Assessed value
$152,943
Assessed 2023
Previous assessed
$152,943
+0.0% YoY
Effective rate
3.86%
On assessed value
Assessed land
$11,880
Assessed improvement
$141,063
Land market value
$29,700
Improvement market value
$352,658
Total market value
$382,358
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1935
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
17
Bathrooms
3
Total area
5,314 SF
Lot
0.27 ac (11,761 SF)
Zoning code
CBD
APN
022 -02-005
UPID
US22-0768573
Jurisdiction
SPALDING
Zoning & alternative use
CBD · Griffin, GA
Zoning CBD · permitted uses
CBD · 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
COMMERCIAL (GENERAL) Current
Est. value
$830,000
RESTAURANT
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1935
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
17
Bathrooms
3
Lot
0.27 ac
Current owner
From public records · entity-resolved
Dbfj 228 Griffin LLC
Entity
Mailing address
40 TH ST, BROOKLYN, NY 11210
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Jan 2, 2019
—
Dbfj 228 Griffin LLC
—
Deed
related
$27,000 · Banksouth-watkinsville
Oct 30, 2018
$415,000
Dbfj 228 Griffin LLC
Pilkenton-murray LLC
Warranty Deed
$311,250 · Banksouth-watkinsville
Oct 20, 2000
—
Brad Wynne
Wynne,brad
Quit Claim Deed
related
—
—
—
Dbfj 228 Griffin LLC
—
Deed Of Trust
related
$27,000 · Banksouth-watkinsville
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
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