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Property profile & analytics
OFF-MARKET
Estimated value
$3,455,000
Automotive properties
2674 Expy Expressway Griffin, GA 30223-7201
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1740291
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2005
Construction
STEEL FRAME
Total area
21,542 SF
Lot
7.53 ac (328,007 SF)
Zoning code
C-1B
APN
242A-01-008-A
UPID
US22-1740291
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.52M
Blend (final)
Blend
$3.46M
Owner & transaction history
2624 Management LLC · 12 yrs held
2624 Management LLC
since 2013
3 recorded transactions
Zoning & alternative use
C-1B · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+53.0%
Commercial (general)
$2.9M
+16.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,495,000
Current use
RESTAURANT
$3,815,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,910,000
Change: +17% · Conversion: Moderate
MEDICAL BUILDING
$2,475,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$2,320,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.46M
Range $3.11M – $3.80M · ±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
$160 / 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
$49,501
Tax year 2023
Assessed value
$1,382,253
Assessed 2023
Previous assessed
$1,382,253
+0.0% YoY
Effective rate
3.58%
On assessed value
Assessed land
$301,200
Assessed improvement
$1,081,053
Land market value
$753,000
Improvement market value
$2,702,632
Total market value
$3,455,632
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Total area
21,542 SF
Lot
7.53 ac (328,007 SF)
Zoning code
C-1B
APN
242A-01-008-A
UPID
US22-1740291
Jurisdiction
SPALDING
Zoning & alternative use
C-1B · Griffin, GA
Zoning C-1B · permitted uses
C-1B · 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
AUTO REPAIR, GARAGE Current
Est. value
$2.5M
RESTAURANT
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2005
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Lot
7.53 ac
Current owner
From public records · entity-resolved
2624 Management LLC
Entity
Free & Clear · 12 yrs held
Mailing address
2624 N EXPY EXPRESSWAY, GRIFFIN, GA 30223-7201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2013
—
2624 Management LLC
Cronic Freda D Dc
Grant Deed
related
—
Jul 29, 2013
—
2624 Management LLC
Howell,wanda Cronic
Grant Deed
related
—
Sep 25, 2008
—
Freda D Cronic
Cronic June A
Quit Claim Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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