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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Assisted living facilities
419 Airport Rd Griffin, GA 30224-4834
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-1059497
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1996
Construction
WOOD
Total area
17,562 SF
Lot
4.19 ac (182,516 SF)
Zoning code
INST
APN
047A-02-008
UPID
US22-1059497
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
-
The Courtyard at Renaissance, A Senior Living Community Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Renaissance Airport Realty LLC · 6 yrs held
Renaissance Airport Realty LLC
since 2019
3 recorded transactions
Zoning & alternative use
INST · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It shall be the intent of this zoning district to reserve land for institutional uses only, The regulations, which apply within this district, are designed to encourage the formation and continuance of a stable, economically healthy and compatible environment for institutional uses that are located so as to provide nearby areas with convenient facilities
Zone name
Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
1,193.45 ac
Source
Realmo
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
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$775,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$30 / 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
$42,391
Tax year 2023
Assessed value
$1,060,745
Assessed 2023
Previous assessed
$1,060,745
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$50,280
Assessed improvement
$1,010,465
Land market value
$125,700
Improvement market value
$2,526,162
Total market value
$2,651,862
Applied tax rate
1.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
YES
Cooling
YES
Total area
17,562 SF
Lot
4.19 ac (182,516 SF)
Zoning code
INST
APN
047A-02-008
UPID
US22-1059497
Jurisdiction
SPALDING
Zoning & alternative use
INST · Griffin, GAZoning INST · permitted uses
INST · Griffin, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It shall be the intent of this zoning district to reserve land for institutional uses only, The regulations, which apply within this district, are designed to encourage the formation and continuance of a stable, economically healthy and compatible environment for institutional uses that are located so as to provide nearby areas with convenient facilities
Zone name
Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
1,193.45 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$775,000
WAREHOUSE, STORAGE
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
1996
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
4.19 ac
Current owner
From public records · entity-resolved
Renaissance Airport Realty LLC
Entity
Free & Clear · 6 yrs held
Mailing address
15 AMERICA AVE UNIT #304, LAKEWOOD, NJ 08701-4582
Ownership since
2019
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 21, 2019
—
Renaissance Airport Realty LLC
Sunbridge Summers Landing INC
Quit Claim Deed
related
—
Aug 21, 2019
$1,505,000
Renaissance Airport Realty LLC
Sunbridge Summers Landing INC
Trustees Deed
$40,200,000 · Fce Lending LLC
Apr 13, 2018
—
Sunbridge Summers Landing LLC
—
Deed
related
$510,000,000 · Midcap Funding IV Trust (ct)
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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