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Property profile & analytics
OFF-MARKET
Estimated value
$13,270,000
Medical Office Space
601 8th St Griffin, GA 30224-4213
Individually Owned
6-yr Hold
Free & Clear
Property ID
US22-3923038
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Total area
56,415 SF
Lot
0.56 ac (24,394 SF)
Zoning code
PCD
APN
026 -01-002-LH
UPID
US22-3923038
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
-
Wellstar Imaging Services at Spalding Hospital Medical Clinic
-
Epps Mark H Physician
-
Richardson Marie P MD Physician
-
Dr. James Whitaker, MD Physician Medical Clinic
-
Wellstar Pathologist Group Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.29M
CAP Approach
CAP
$12.59M
Comparable Approach
Comparable
$9.34M
Blend (final)
Blend
$13.27M
Owner & transaction history
Wellstar Spalding Regl Hosp I · 6 yrs held
Wellstar Spalding Regl Hosp I
since 2020
Last sale
$14.0M
2 recorded transactions
Zoning & alternative use
PCD · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.9M
+114.2%
Commercial (general)
$8.8M
+35.9%
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
$12,500,000
ML approach
$9,290,000
CAP Approach
CAP Return
Estimation
6%
$13,635,000
6.5%
$12,585,000
7%
$11,685,000
Alternative Use
Use
Estimation
RESTAURANT
$13,875,000
Change: +114% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,810,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$13.27M
Range $11.94M – $14.60M · ±10% · vs last sale $14.00M (Jan 23 2020)
Last sale anchor
$14.00M
Jan 23 2020
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
$235 / 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
Assessed value
$6,096,304
Assessed 2023
Previous assessed
$6,096,304
+0.0% YoY
Assessed improvement
$6,096,304
Improvement market value
$15,240,760
Total market value
$15,240,760
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Heating
NONE
Total area
56,415 SF
Lot
0.56 ac (24,394 SF)
Zoning code
PCD
APN
026 -01-002-LH
UPID
US22-3923038
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
RESTAURANT
Est. value
$13.9M
COMMERCIAL (GENERAL)
Est. value
$8.8M
RESTAURANT
COMMERCIAL (GENERAL)
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
2015
Heating
NONE
Lot
0.56 ac
Current owner
From public records · entity-resolved
Wellstar Spalding Regl Hosp I
Individual
Free & Clear · 6 yrs held
Mailing address
1800 PKWY PL SE STE #500, MARIETTA, GA 30067-8237
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2020
—
Wellstar Spalding Regl Hosp I
Gvi-griffin LLC
Quit Claim Deed
related
—
Jan 23, 2020
$14,000,000
Wellstar Spalding Regl Hosp I
Gvi-griffin LLC
Grant Deed
—
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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