Property profile

425 Melrose Ave Griffin, GA 30223

OFF-MARKET
Auto shops
Property ID
US22-2759949
3,600 SF 0.54 ac lot Built 1978
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1978
Construction STEEL FRAME
Total area 3,600 SF
Lot 0.54 ac (23,522 SF)
Zoning code PCD
APN 059 -01-002-B
UPID US22-2759949

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
  • Auto Repair Shop
  • Auto Repair Shop
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

425 Melrose Ave Griffin, GA 30223-2028
Griffin metro Census 160800 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2022
Last sale
$500,000
2 recorded transactions
2022
$500,000
2019
$250,000

Zoning & alternative use

PCD · Griffin, GA
Zoning description

It shall be the intent of this zoning district to promote and encourage the clustering of commercial uses which occur along arterial thoroughfares; to promote and encourage the infill of commercial uses between existing…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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