Technical
Financial
Distress signals
Property profile

430 Melrose Ave Griffin, GA 30223

OFF-MARKET
Warehouses
Property ID
US22-3186910
23,160 SF 3.22 ac lot Built 1968
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1968
Construction STEEL FRAME
Total area 23,160 SF
Lot 3.22 ac (140,263 SF)
Zoning code PID
APN 059 -02-001-C
UPID US22-3186910

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
  • Recycling Center Waste Management Facility
  • Auto Repair Shop

Location

430 Melrose Ave Griffin, GA 30223-2029
Griffin metro Census 160800 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$793k
Blend (final) Blend
$1.10M

Owner & transaction history

since 2024
Last sale
$1.6M
5 recorded transactions
2024
$1.6M
2024
$1.1M
2016
Price N/A
2016
$244,500
2016
Price N/A

Zoning & alternative use

PID · Griffin, GA
Zoning description

It shall be the intent of this district to establish and protect sites for light industrial uses which are not significantly objectionable in terms of appearance, noise, odor, fumes, etc, to surrounding properties, The r…

General category INDUSTRIAL

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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