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Property profile & analytics
OFF-MARKET
Medical Office Space
653 8th St Griffin, GA 30224-4242
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-2777038
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1966
Construction
WOOD
Total area
3,311 SF
Lot
0.61 ac (26,572 SF)
Zoning code
PCD
APN
026 -07-003
UPID
US22-2777038
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
-
Renew Gynecology & Wellness Medical Clinic
-
Bryant Kelli Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wellstar Spalding Regional Hospital · 1 yrs held
Wellstar Spalding Regional Hospital
since 2025
Last sale
$490,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,157
Tax year 2023
Assessed value
$237,335
Assessed 2023
Previous assessed
$237,336
0.0% YoY
Effective rate
3.86%
On assessed value
Assessed land
$42,515
Assessed improvement
$194,820
Land market value
$106,288
Improvement market value
$487,051
Total market value
$593,339
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
1966
Construction
WOOD
Heating
YES
Cooling
YES
Total area
3,311 SF
Lot
0.61 ac (26,572 SF)
Zoning code
PCD
APN
026 -07-003
UPID
US22-2777038
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.
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
0.61 ac
Current owner
From public records · entity-resolved
Wellstar Spalding Regional Hospital
Individual
Free & Clear · 1 yrs held
Mailing address
503 S 8TH ST, GRIFFIN, GA 30224-4211
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 27, 2025
$490,000
Wellstar Spalding Regional Hospital
503 Associates LLC
Warranty Deed
—
May 27, 2021
$450,000
503 Associates LLC
Lucian L Tatum
Trustees Deed
$458,101 · United Bank
Oct 19, 2018
—
Tatum,nora C Individual L & Trust
Tatum Lucian L JR F/tr
Quit Claim Deed
related
—
Mar 3, 2011
—
Tatum,lucian L JR Trust
Tatum Lucian L JR Trust
Quit Claim Deed
—
Feb 22, 2011
—
Tatum,lucian L JR Living Trust
Tatum Lucian L JR
Quit Claim Deed
—
Jan 30, 2011
—
Tatum,nora C Tr
Tatum,nora C
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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