390 Airport Rd Griffin, GA 30224-3966
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$955k
Range $860k – $1.05M (±10%)
Implied cap rate
5.40%
In-place · NOI ÷ last sale
Property ID
US22-1369435
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2004
Construction
WOOD
Total area
3,233 SF
Lot
1.33 ac (57,935 SF)
Zoning code
C1
APN
236 -01-048-A
UPID
US22-1369435
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gas Station
-
Grocery & Convenience Store
-
Atm
-
Atm
-
Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$955k
Owner & transaction history
since 2022
Last sale
$845,000
4 recorded transactions
Zoning & alternative use
C1 · Griffin, GA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$955k
Value range
$860k – $1.05M
±10% around blend
Estimated value / SF
$295 / SF
Confidence
High
5 county-verified comps
Property data
75
Comparable evidence
50
$860k
blend $955k
$1.05M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,233 SF
Lot area
1.33 ac
Year built
2004
APN
236 -01-048-A
Assessed value
$362,454
Annual tax
$12,290
3
Income approach: direct capitalization
Partial preview
Income approach indication
$800k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$865k
@ 6.5% CAP return
$800k
@ 7% CAP return
$740k
4
Sales comparison
Partial preview
Sales approach indication
$2.50M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
21.3 mi away · 2,911 SF
22.3 mi away · 2,875 SF
24.6 mi away · 2,600 SF
24.6 mi away · 2,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$955k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
5.40%
Implied, in-place cap rate for this grocery and convenience stores
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.40%
9.0%
NOI (est.)
$59k *
Last sale · Jan 2022
$845k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.10M
Move the market yield to see immediate price impact.
Value / SF
$339
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.90%5.40%5.90%
$53k
$1.09M
$986k
$902k
$59k
$1.21M
$1.10M
$1.00M
$65k
$1.33M
$1.20M
$1.10M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$2.70M
19.0 mi · Dec 2025 · $1,080/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,290
Tax year 2023
Assessed value
$362,454
Assessed 2023
Previous assessed
$282,058
+28.5% YoY
Effective rate
3.39%
On assessed value
Assessed land
$58,022
Assessed improvement
$304,432
Land market value
$145,055
Improvement market value
$761,081
Total market value
$906,136
Applied tax rate
3.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
YES
Total area
3,233 SF
Lot
1.33 ac (57,935 SF)
Zoning code
C1
APN
236 -01-048-A
UPID
US22-1369435
Jurisdiction
SPALDING
Zoning & alternative use
C1 · Griffin, GAZoning C1 · permitted uses
C1 · Griffin, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
1.33 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1
Jurisdiction
Griffin, GA
Recorded code
C1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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