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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Medical Office Space
725 8th St Griffin, GA 30224-4818
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-2605122
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Construction
WOOD
Total area
6,904 SF
Lot
0.91 ac (39,640 SF)
Zoning code
PCD
APN
031 -02-048
UPID
US22-2605122
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
-
Dr. Robena E. Medbery, MD Physician
-
Griffin Regional Radiation Center Physician Medical Clinic
-
Piedmont Henry Radiation Oncology Griffin Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.21M
Owner & transaction history
Piedmont Healthcare INC · 7 yrs held
Piedmont Healthcare INC
since 2019
2 recorded transactions
Zoning & alternative use
PCD · Griffin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+114.2%
Commercial (general)
$1.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,670,000
6.5%
$1,540,000
7%
$1,430,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$795,000
Current use
RESTAURANT
$1,700,000
Change: +114% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,080,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$785,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$750,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10%
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
$175 / 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
$1,106,771
Assessed 2023
Previous assessed
$1,106,771
+0.0% YoY
Assessed land
$64,037
Assessed improvement
$1,042,734
Land market value
$160,092
Improvement market value
$2,606,835
Total market value
$2,766,927
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
1990
Construction
WOOD
Heating
YES
Cooling
YES
Total area
6,904 SF
Lot
0.91 ac (39,640 SF)
Zoning code
PCD
APN
031 -02-048
UPID
US22-2605122
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
MEDICAL BUILDING Current
Est. value
$795,000
RESTAURANT
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$785,000
RETAIL STORES
Est. value
$750,000
OFFICE BUILDING
Est. value
$750,000
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
0.91 ac
Current owner
From public records · entity-resolved
Piedmont Healthcare INC
Entity
Free & Clear · 7 yrs held
Mailing address
1968 PEACHTREE RD NE, ATLANTA, GA 30309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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 10, 2019
$2,100,000
Piedmont Healthcare INC
Griffin Regl Radiation Therap
Grant Deed
—
Jan 10, 2019
—
Piedmont Healthcare INC
Griffin Regl Radiation Therap
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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