Realmo Analytics

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Property profile

602 S 8Th St Griffin, GA 30224

FOR LEASE
Medical Office Space
Property ID
US22-2835895
2,176 SF 0.89 ac lot Built 1956
Last sale Jul 2005 · $1,650,000
Trust Owned Owner of record is a trust. 21-yr Hold Held for 21 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$180k
Assessed land$62k
Assessed improvement$118k
Effective rate4.00%

Value estimate

· Oct 2026
$265k
$239k – $292k
AI approach$265k
NOI build-up
Gross scheduled income$43k
Vacancy & credit loss−$11k
Operating expenses−$8k
NOI · 1,121.12% cap applied$24k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$115/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$102 – $166
Qualifying comparables3

Cap rate analysis

How does the asset earn?
1,121.12%
$24k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PCD
It shall be the intent of this zoning district to promote and encourage the clustering of commercial uses which occur along arterial thor...
General categoryCOMMERCIAL
JurisdictionSPALDING

Location intelligence

Which uses thrive at this corner?
Best fit: Furniture Store
Demand index
Furniture Store9.9
Carpet & Flooring Store9.0
Locksmith9.0

Location

602 S 8Th St Griffin, GA 30224
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
230 College St Ste, Griffin, GA 30224-4249 $362,000 May 2025 2,781 SF
712 8th, Griffin, GA 30224-4827 $275,000 Nov 2022 1,953 SF
2882 Macon, Griffin, GA 30224-7447 $498,000 Dec 2021 2,152 SF
688 8th, Griffin, GA 30224 $277,500 Jul 2021 2,916 SF
227 9th, Griffin, GA 30224-3049 $160,000 Jul 2021 1,866 SF
112 Oak, Griffin, GA 30224-4233 $275,000 Jun 2021 2,236 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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