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Property profile & analytics
OFF-MARKET
Estimated value
$10,570,000
High-rise multifamily apartments
337 Solomon St Griffin, GA 30223
Entity Owned
12-yr Hold
Free & Clear
Property ID
US22-1754601
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1982
Construction
WOOD FRAME
Total area
98,590 SF
Lot
0.96 ac (41,818 SF)
Zoning code
CBD
APN
012 -31-004
UPID
US22-1754601
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
by Request
Blend (final)
Blend
$10.57M
Owner & transaction history
St Georges Court Property LLC · 12 yrs held
St Georges Court Property LLC
since 2013
2 recorded transactions
Zoning & alternative use
CBD · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
COMMERCIAL (GENERAL)
$13,845,000
Change: 0% · Conversion: Moderate
RESTAURANT
$12,330,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$12,060,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,950,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$9,340,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$8,505,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$10.57M
Range $9.51M – $11.63M · ±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
$107 / 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
Assessed value
$2,452,070
Assessed 2023
Previous assessed
$2,452,070
+0.0% YoY
Assessed land
$105,984
Assessed improvement
$2,346,086
Land market value
$264,960
Improvement market value
$5,865,216
Total market value
$6,130,176
Applied tax rate
5.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
NONE
Total area
98,590 SF
Lot
0.96 ac (41,818 SF)
Zoning code
CBD
APN
012 -31-004
UPID
US22-1754601
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)
Est. value
$13.8M
RESTAURANT
Est. value
$12.3M
OFFICE BUILDING
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$10.0M
MEDICAL BUILDING
Est. value
$9.3M
RETAIL STORES
Est. value
$8.5M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1982
Construction
WOOD FRAME
Heating
NONE
Lot
0.96 ac
Current owner
From public records · entity-resolved
St Georges Court Property LLC
Entity
Free & Clear · 12 yrs held
Mailing address
110 N 10TH ST, GRIFFIN, GA 30223-2802
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2022
—
St Georges Court Property LLC
—
Deed
related
$5,016,900 · Pgim Real Estate Agency Financing
Jul 30, 2013
—
St Georges Court Property LLC
St Georges Court INC
Warranty 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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