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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Medical Office Space
680 9th St Griffin, GA 30224-4216
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-2733730
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
WOOD
Total area
6,045 SF
Lot
0.73 ac (31,799 SF)
Zoning code
PCD
APN
026 -08-008
UPID
US22-2733730
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
-
Craig Akoh, MD Physician
-
Atlanta Heart Associates: Smith John D MD Physician
-
Dr. Jeevith R. Kanukunta, MD Physician
-
Qasim Zaidi, MD Physician
-
Philip G. Ploska, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$1.19M
Owner & transaction history
Progressive Property Holdings LLC · 5 yrs held
Progressive Property Holdings LLC
since 2021
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
PCD · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It shall be the intent of this zoning district to promote and encourage the clustering of commercial uses which occur along arterial thoroughfares; to promote and encourage the infill of commercial uses between existing commercial uses along arterial thoroughfares; to limit the number of access points from PCD to an arterial thoroughfare; to limit commercial…
Zone name
Planned Commercial District
General category
COMMERCIAL
Zone area
1,146.95 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.5M
+114.2%
Commercial (general)
$945,000
+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
$1,615,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
$1,460,000
6.5%
$1,350,000
7%
$1,250,000
Alternative Use
Use
Estimation
RESTAURANT
$1,485,000
Change: +114% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.20M (Apr 30 2021)
Last sale anchor
$1.20M
Apr 30 2021
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
$197 / 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
$15,452
Tax year 2023
Assessed value
$386,665
Assessed 2023
Previous assessed
$386,665
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$50,878
Assessed improvement
$335,787
Land market value
$127,196
Improvement market value
$839,467
Total market value
$966,663
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
2005
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Rooms
6
Bathrooms
1
Total area
6,045 SF
Lot
0.73 ac (31,799 SF)
Zoning code
PCD
APN
026 -08-008
UPID
US22-2733730
Jurisdiction
SPALDING
Zoning & alternative use
PCD · Griffin, GAZoning PCD · permitted uses
PCD · Griffin, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It shall be the intent of this zoning district to promote and encourage the clustering of commercial uses which occur along arterial thoroughfares; to promote and encourage the infill of commercial uses between existing commercial uses along arterial thoroughfares; to limit the number of access points from PCD to an arterial thoroughfare; to limit commercial development which occurs outside the CBD to areas on an arterial thoroughfare adjacent to existing commercial development
Zone name
Planned Commercial District
General category
COMMERCIAL
Zone area
1,146.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$945,000
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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Progressive Property Holdings LLC
Entity
Mailing address
5289 SANDY LK E, STONECREST, GA 30038-3959
Ownership since
2021
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
Apr 30, 2021
$1,200,000
Progressive Property Holdings LLC
Pgp Properties INC
Warranty Deed
$1,000,000 · Heritage Southeast Bank
Aug 3, 2016
—
Pgp Properties INC
—
Deed
related
$450,000 · Heritage Bank
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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