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    Property profile & analytics

    317 W Taylor St Griffin, GA 30223

    • Retail space
    • 2,516 SF
    • 0.27 lot acres
    For Sale
    View listing
    $470,000
    Last Sale
    Nov 05, 2021
    $385,000
    Value Estimations
    Cap Rate Potential
    6.8%
    Retail space
    Location Intelligence
    Property ID
    US22-0959265
    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.

    Current Use by Public Records

    • Metro by T-Mobile / Telecommunications Service Provider / Cell Phone Accessory Store
    • Taco N Go / Taco Restaurant

    Property Details for 317 W Taylor St

    Year built
    1955
    Construction
    WOOD FRAME
    Lot size
    0.27 lot acres
    Property size
    2,516 SF
    Zone code
    CBD
    Property type
    Retail space
    APN
    015 -41-008
    APU
    1541008

    Description

    This exceptional retail property, located at 317 W Taylor Street in Griffin, GA, presents a compelling investment opportunity for passive investors. The 2,516 square foot building sits on a 0.27-acre lot and enjoys excellent visibility from the heavily trafficked W Taylor Street, offering ample parking for customers and employees. Constructed in 1985, the property has undergone renovations over the years, ensuring its modern appeal and functionality. Currently, the building is 100% leased to two tenants: Metro by T-Mobile occupies the front retail space, while an additional tenant utilizes the office and break areas. This provides a stable and consistent income stream. The property's zoning designation is CBD (Central Business District), reflecting its prime location within the thriving Griffin, Georgia market, situated in Spalding County. All essential utilities and public services are readily available on-site. This turnkey investment offers a rare chance to acquire a well-maintained, fully leased retail property in a high-growth area, promising strong returns for the discerning investor. The property's size, location, and current occupancy make it an attractive proposition for those seeking a low-maintenance, high-return investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $520,000
      ML approach
      $470,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $590,000
      6.5%
      $545,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $435,000
      Market price range: $117k - $435k
      AI Estimate
      $343,000
      Market price range: $101k - $344k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $340,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Griffin
    County
    Spalding
    State
    Georgia
    Longitude
    -84.2681
    Latitude
    33.2476
    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
    $8,241
    $43,200
    $170,378
    $213,578
    -
    $108,000
    $425,945
    $533,945

    Comparable in this City

    • Value Estimation
      $325,000
      1,710 SF

      119 Taylor St

      RETAIL STORES (PERSONAL SERVICES) • 1,710 SF
      119 Taylor St, Griffin, GA 30223-3046
      View Details
    • Value Estimation
      $350,000
      2,480 SF

      414 Taylor St

      RETAIL STORES (PERSONAL SERVICES) • 2,480 SF
      414 Taylor St, Griffin, GA 30223
      View Details
    • Value Estimation
      $370,000
      5,400 SF

      1501 Georgia Hwy 16th W

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      1501 Georgia Hwy 16th W, Griffin, GA 30223-2047
      View Details
    • Value Estimation
      $330,000
      7,380 SF

      110 Hl St

      RETAIL STORES (PERSONAL SERVICES) • 7,380 SF
      110 Hl St, Griffin, GA 30223-3310
      View Details
    • Value Estimation
      $80,000
      1,000 SF

      233 Hl St

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      233 Hl St, Griffin, GA 30223-3250
      View Details
    • Value Estimation
      $340,000
      5,000 SF

      151 Expy Expressway

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      151 Expy Expressway, Griffin, GA 30223-2012
      View Details

    Similar Nearby for Sale

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      Griffin, GA Retail Building

      Leased retail building in Griffin's booming area, great for investors.
      317 W Taylor St, Griffin, GA 30223
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    • $470,000
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      Griffin Commercial Property For Sale

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    Similar Nearby for Lease

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    • $8,000 /Mo
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      Griffin Commercial Property For Rent

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      69,696 SF

      Griffin Commercial Out Parcels For Lease

      Two commercial out parcels available for lease in Griffin, GA.
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    • $16 SF/Yr
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      Griffin Expressway Office Space

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      Griffin Shopping Center Opportunity

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    • Contact for pricing
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      Under Construction Industrial Space

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      View Details
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    Griffin, GA 30223
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    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
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