Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,720,000
Medical Office Space
747 8th St Griffin, GA 30224-4884
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US22-2005445
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,352 SF
Lot
0.74 ac (32,234 SF)
Zoning code
PCD
APN
031 -02-040
UPID
US22-2005445
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
-
Dhruv Chawla Physician
-
Dr. Moyosore Suleiman Physician
-
Dr. Kenneth Menchion Physician Hospital
-
SRINIVASA RAO CHENNAREDDY Physician
-
Moyosore Mustafa Suleiman Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
$3.54M
Blend (final)
Blend
$3.72M
Owner & transaction history
Phoenix Griffin LLC · 10 yrs held
Phoenix Griffin LLC
since 2016
7 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
$5.3M
+114.2%
Commercial (general)
$3.3M
+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%
$5,160,000
6.5%
$4,765,000
7%
$4,425,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,450,000
Current use
RESTAURANT
$5,250,000
Change: +114% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,335,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,420,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$2,320,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$2,315,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$3.72M
Range $3.35M – $4.09M · ±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
$174 / 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
$81,170
Tax year 2023
Assessed value
$2,284,864
Assessed 2023
Previous assessed
$2,284,864
+0.0% YoY
Effective rate
3.55%
On assessed value
Assessed land
$51,574
Assessed improvement
$2,233,290
Land market value
$128,936
Improvement market value
$5,583,226
Total market value
$5,712,162
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Rooms
4
Bathrooms
1
Total area
21,352 SF
Lot
0.74 ac (32,234 SF)
Zoning code
PCD
APN
031 -02-040
UPID
US22-2005445
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
MEDICAL BUILDING Current
Est. value
$2.5M
RESTAURANT
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Rooms
4
Bathrooms
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Phoenix Griffin LLC
Entity
Mailing address
464 HERITAGE RD, SOUTHBURY, CT 06488-3863
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2016
—
Phoenix Griffin LLC
Ultima At Griffin LLC
Quit Claim Deed
related
$3,906,000 · Bankwell Bk
Jul 19, 2016
$5,580,100
Phoenix Griffin LLC
Ultima At Griffin LLC
Grant Deed
related
—
Apr 9, 2012
—
Ultima At Griffin LLC
Rao,gopal
Grant Deed
$2,600,000 · United Community Bank
May 19, 2008
—
Mark J Henson
United Bank
Quit Claim Deed
—
May 8, 2008
$280,000
Gopal Rao
Henson,mark J
Warranty Deed
—
Nov 17, 2006
$13,440
Mark J Henson
Cook,mabel
Grant Deed
—
Nov 17, 2006
—
Mark J Henson
Cook,mabel
Grant Deed
related
—
Sep 21, 2006
—
Mabel Cook
Cook,john J
Quit Claim Deed
related
—
Sep 8, 2006
—
Mabel Cook
Estate Of Payton B Cook
Quit Claim Deed
related
—
Aug 19, 2006
—
Mabel Cook
Cook,lisa
Quit Claim Deed
related
—
Aug 14, 2006
—
Mabel Cook
Cook,melanie
Quit Claim Deed
related
—
—
—
Mark J Henson
—
Deed Of Trust
related
$161,477 · United 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 747 8th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
