Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    234 Hl St Griffin, GA 30223-3251
    Property profile & analytics

    234 Hl St, Griffin, GA 30223-3251

    View on Map
    • Office buildings
    • 16,698 SF
    • 1.49 lot acres
    Off-Market
    Last Sale Sep 1, 2020
    $775,000
    Property ID
    US22-1809043
    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.
    Value Estimations
    $855,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Griffin Police Department / Police Department
    • Petrosouth, Inc. / Gas Station

    Property Details for 234 Hl St

    Year built
    1957
    Construction
    CONCRETE
    Lot size
    1.49 lot acres
    Zone code
    PCD
    Property type
    Office buildings
    APN
    013 -24-001
    APU
    1324001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 1, 2020 $775,000 City Of Griffin Presouth INC Grant Deed —
    Mar 31, 2010 $315,000 Petrosouth INC William Carter Co Grant Deed —
    Mar 31, 2010 — Petrosouth INC William Carter Co Quit Claim Deed · related —
    — — Petrosouth,inc — Deed Of Trust · related $517k · United Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $690,000
      ML approach
      $905,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $975,000
      Market price range: $976k - $2.27M
      AI Estimate
      $996,000
      Market price range: $996k - $3.41M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,405,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Griffin
    County
    Spalding
    State
    Georgia
    Longitude
    -84.263
    Latitude
    33.2517
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $31,056
    $149,540
    $180,596
    -
    $77,640
    $373,850
    $451,490

    Comparable in this City

    • Value Estimation by Request
      1,350 SF

      1012 Memorial Dr, Unit S13

      OFFICE BUILDING
      1012 Memorial Dr, Griffin, GA 30223-4411
      View Details
    • Value Estimation by Request
      480 SF

      1305 Experiment St

      OFFICE BUILDING
      1305 Experiment St, Griffin, GA 30223
      View Details
    • Value Estimation by Request
      2,250 SF

      125 Hl St

      OFFICE BUILDING
      125 Hl St, Griffin, GA 30223-3326
      View Details
    • Value Estimation by Request
      2,158 SF

      127 Hl Stsu1

      OFFICE BUILDING
      127 Hl Stsu1, Griffin, GA 30223-3429
      View Details
    • Value Estimation by Request
      711 SF

      651 Taylor St

      OFFICE BUILDING
      651 Taylor St, Griffin, GA 30223-3636
      View Details
    • Value Estimation by Request
      858 SF

      406 Solomon St

      OFFICE BUILDING
      406 Solomon St, Griffin, GA 30223-3339
      View Details

    Similar Nearby for Sale

    • $299,900
      2,442 SF

      Griffin Office Building For Sale

      2442 SF office building with open spaces and offices.
      1308 W Solomon St, Griffin, GA 30223
      View Details
    • $1,950,000
      1.39 Acres

      Prime Commercial Corner Lot Opportunity

      High-visibility corner lot in Griffin, GA, suitable for various businesses.
      1136 W Taylor St, Griffin, GA 30223
      View Details
    • $207,000
      1,740 SF

      Griffin Office Building For Sale

      1740 SF office building with kitchen in Griffin, GA.
      1306 W Solomon St, Griffin, GA 30223
      View Details
    • $799,900
      4,800 SF

      Griffin Commercial Building For Sale

      Commercial building in North Griffin with high traffic count.
      2954 Expressway N, Griffin, GA 30223
      View Details
    • $270,000
      2,400 SF

      Griffin Office Building with Lot

      2400 SF office building with large vacant lot.
      225 N 13Th St, Griffin, GA 30223
      View Details
    • Contact for pricing
      1,224 SF

      Griffin Office Building For Sale

      Brick building ideal for office or professional business.
      504 W Solomon St, Griffin, GA 30223
      View Details

    Similar Nearby for Lease

    • $245 SF/Yr
      2,000 SF

      Downtown Griffin Commercial Suites Available

      Flexible commercial suites in downtown Griffin, suitable for various businesses.
      109 E Taylor St, Griffin, GA 30223
      View Details
    • $1,500 /Mo
      1,562 SF

      Downtown Griffin Commercial Space Available

      Conveniently located retail/office/restaurant space in downtown Griffin, GA.
      119 W Solomon St, Griffin, GA 30223
      View Details
    • $3,700 /Mo
      4,712 SF

      Downtown Griffin Upstairs Office Space

      Upstairs office space in downtown Griffin, near courthouse.
      127 E Solomon St, Griffin, GA 30223
      View Details
    • $1,495 /Mo
      1,200 SF

      Griffin Office Space For Rent

      Corner office space in downtown Griffin, 1200 square feet.
      205 E Taylor St, Griffin, GA 30223
      View Details
    • $1,300 /Mo
      1,226 SF

      Downtown Griffin Retail/Office Space

      Retail/office space in Griffin's active downtown area.
      128-1/2 S Hill St, Griffin, GA 30223
      View Details
    • Contact for pricing
      2,000 SF

      Downtown Griffin Flexible Commercial Suites

      Flexible commercial suites available for lease in Downtown Griffin.
      109 E Taylor St, Griffin, GA 30223
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    234 Hl St
    Griffin, GA 30223-3251
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    234 Hl St, Griffin, GA, 30223
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!