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Property profile & analytics
OFF-MARKET
Estimated value
$4,490,000
Distribution centers
255 Odell Rd Griffin, GA 30224-4751
Individually Owned
2-yr Hold
Free & Clear
Property ID
US22-0360234
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1986
Construction
STEEL FRAME
Total area
62,250 SF
Lot
10.17 ac (443,005 SF)
APN
236 -01-034-B
UPID
US22-0360234
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
-
G&D Transportation & Warehousing Warehouse & Storage
-
Keystone Steel & Wire Industrial Manufacturer Production Facility
-
ABC Supply Co. Inc. Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.49M
Owner & transaction history
American Builders & Contractors Sup · 2 yrs held
American Builders & Contractors Sup
since 2023
Last sale
$4.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.2M
+120.7%
Auto repair, garage
$7.1M
+118.0%
Retail stores
$6.8M
+109.0%
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
$5,000,000
ML approach
$4,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,240,000
Current use
MEDICAL BUILDING
$7,150,000
Change: +121% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,060,000
Change: +118% · Conversion: Easy
RETAIL STORES
$6,770,000
Change: +109% · Conversion: Moderate
OFFICE BUILDING
$6,750,000
Change: +108% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,465,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$4.49M
Range $4.04M – $4.94M · ±10% · vs last sale $4.23M (Aug 18 2023)
Last sale anchor
$4.23M
Aug 18 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
$72 / 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
$15,055
Tax year 2023
Assessed value
$414,028
Assessed 2023
Previous assessed
$379,416
+9.1% YoY
Effective rate
3.64%
On assessed value
Assessed land
$101,700
Assessed improvement
$312,328
Land market value
$254,250
Improvement market value
$780,821
Total market value
$1,035,071
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Total area
62,250 SF
Lot
10.17 ac (443,005 SF)
APN
236 -01-034-B
UPID
US22-0360234
Jurisdiction
SPALDING
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.8M
INDUSTRIAL (GENERAL)
Est. value
$3.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1986
Construction
STEEL FRAME
Heating
NONE
Lot
10.17 ac
Current owner
From public records · entity-resolved
American Builders & Contractors Sup
Individual
Free & Clear · 2 yrs held
Mailing address
255 ODELL RD, GRIFFIN, GA 30224-4751
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
$4,225,000
American Builders & Contractors Sup
384 Griffin LLC
Warranty Deed
—
Dec 18, 2013
—
384 Griffin LLC
G & D Integrated Contract Logist
Warranty Deed
related
—
Dec 11, 2013
—
384 Griffin LLC
G & D Integrated Contract Logistics INC
Grant Deed
related
—
Mar 16, 2007
—
G & D Integrated Distribution INC
—
Deed Of Trust
related
$1,500,000 · National City Bank
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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