Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,080,000
Community centers
507 Expy Expressway Griffin, GA 30223-2073
Entity Owned
10-yr Hold
Free & Clear
Property ID
US22-1916587
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Construction
WOOD
Total area
85,794 SF
Lot
11.19 ac (487,436 SF)
Zoning code
PCD
APN
060 -01-008
UPID
US22-1916587
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
$11.08M
Owner & transaction history
M & M Realcan Atlanta LLC · 10 yrs held
M & M Realcan Atlanta LLC
since 2016
6 recorded transactions
Zoning & alternative use
PCD · 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)
$12,045,000
Change: 0% · Conversion: Easy
RESTAURANT
$10,730,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$10,495,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,655,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$8,130,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$7,400,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$11.08M
Range $9.97M – $12.19M · ±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
$129 / 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
$57,916
Tax year 2023
Assessed value
$1,449,228
Assessed 2023
Previous assessed
$1,449,228
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$671,400
Assessed improvement
$777,828
Land market value
$1,678,500
Improvement market value
$1,944,570
Total market value
$3,623,070
Applied tax rate
6.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
YES
Cooling
YES
Total area
85,794 SF
Lot
11.19 ac (487,436 SF)
Zoning code
PCD
APN
060 -01-008
UPID
US22-1916587
Jurisdiction
SPALDING
Zoning & alternative use
PCD · Griffin, GA
Zoning PCD · permitted uses
PCD · 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
$12.0M
RESTAURANT
Est. value
$10.7M
OFFICE BUILDING
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$8.1M
RETAIL STORES
Est. value
$7.4M
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
1988
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
11.19 ac
Current owner
From public records · entity-resolved
M & M Realcan Atlanta LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1338 HATCHER LOOP DR, BRANDON, FL 33511-9370
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2016
$270,000
M & M Realcan Atlanta LLC
Forest Park Dev Group INC
Warranty Deed
—
Jun 20, 2016
—
M & M Realcan Atlanta LLC
Forest Park Dev Group INC
Quit Claim Deed
related
$1,890,000 · Readycap Com'l
Aug 29, 2007
$180,000
Griffin,technical College Foun
Forest Park Development Gr
Grant Deed
—
Aug 20, 2007
$375,000
S S Blackstock INC
Forest Park Development Gr
Grant Deed
—
Feb 3, 2005
—
Expressway Village Shopping Cntr
Expressway Village
Quit Claim Deed
related
—
—
—
M & M Realcan Atlanta LLC
—
Deed Of Trust
related
$1,450,000 · Readycap Com'l
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 507 Expy Expressway?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
