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Property profile & analytics
OFF-MARKET
Estimated value
$18,070,000
Distribution centers
700 Hudson Rd Griffin, GA 30224-4526
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1315891
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2002
Construction
STEEL FRAME
Total area
216,242 SF
Lot
15.21 ac (662,548 SF)
Zoning code
C2
APN
221 -03-003
UPID
US22-1315891
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
-
Rinnai America Corporation: Griffin Facility Warehouse & Storage
-
Hotel Hotel & Motel
-
Ranni Industrial Manufacturer Production Facility
-
RAM Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.42M
Comparable Approach
Comparable
$15.06M
Blend (final)
Blend
$18.07M
Owner & transaction history
Mountain Industrial Properties LLC · 4 yrs held
Mountain Industrial Properties LLC
since 2022
Last sale
$18.8M
4 recorded transactions
Zoning & alternative use
C2 · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$24.8M
+120.7%
Auto repair, garage
$24.5M
+118.0%
Retail stores
$23.5M
+109.0%
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
$18,575,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,455,000
6.5%
$24,420,000
7%
$22,675,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,255,000
Current use
MEDICAL BUILDING
$24,835,000
Change: +121% · Conversion: Difficult
AUTO REPAIR, GARAGE
$24,535,000
Change: +118% · Conversion: Easy
RETAIL STORES
$23,520,000
Change: +109% · Conversion: Moderate
OFFICE BUILDING
$23,445,000
Change: +108% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,045,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$18.07M
Range $16.26M – $19.88M · ±10% · vs last sale $18.80M (Feb 25 2022)
Last sale anchor
$18.80M
Feb 25 2022
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
$84 / 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
$185,304
Tax year 2023
Assessed value
$5,174,347
Assessed 2023
Previous assessed
$5,174,347
+0.0% YoY
Effective rate
3.58%
On assessed value
Assessed land
$152,100
Assessed improvement
$5,022,247
Land market value
$380,250
Improvement market value
$12,555,617
Total market value
$12,935,867
Applied tax rate
3.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Total area
216,242 SF
Lot
15.21 ac (662,548 SF)
Zoning code
C2
APN
221 -03-003
UPID
US22-1315891
Jurisdiction
SPALDING
Zoning & alternative use
C2 · Griffin, GA
Zoning C2 · permitted uses
C2 · 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
WAREHOUSE, STORAGE Current
Est. value
$11.3M
MEDICAL BUILDING
Est. value
$24.8M
AUTO REPAIR, GARAGE
Est. value
$24.5M
RETAIL STORES
Est. value
$23.5M
OFFICE BUILDING
Est. value
$23.4M
INDUSTRIAL (GENERAL)
Est. value
$12.0M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (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
2002
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Lot
15.21 ac
Current owner
From public records · entity-resolved
Mountain Industrial Properties LLC
Entity
Mailing address
2 NEWTON PL, NEWTON, MA 02458-1637
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
—
Mountain Industrial Properties LLC
Mountain Industrial Reit LLC
Limited Warranty Deed
$400,000,000 · Citi Real Estate Funding
Jul 22, 2009
—
Cory L Hall
Hall,clint J
Quit Claim Deed
—
Jul 19, 2006
$15,085,600
Monmouth Real Est Invest Corp
Jebco Griffin One LLC
Grant Deed
$12,068 · North Fork Bank
Jul 6, 2006
$15,085,529
Monmouth Real Estate Investmen
Jebco Griffin One 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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