Updated Office
For Sale
$259,900
Pending
1007 Peek Street NW, Conyers, GA 30012
Commercial Sale, Conyers, GA
Property Size1,410 SF
Lot Size0.33 Acres
Days on Market293
Property Features for 1007 Peek Street NW
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
10
Lot features
City Lot, Level
Directions
Head northeast from I-20 on West Ave toward Taylor St for 0.4 mi. Continue straight onto Almand St NW for 135 ft. Turn right onto Railroad St NW and continue for 348 ft. Continue straight onto Peek St NW. Destination will be on the left
Standard status
Pending
APN
C080050012
Size
1,410 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2210
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
offices
reception
kitchen
laundry
Building Details
Year built
1900
Flooring type
Carpet, Vinyl
Building materials
Aluminum Siding, Frame
Roof type
Composition
Listing Agency:
Lee Staples Realty, Inc.
(770) 483-7779
Listed By:
Charles Staples · License #11274
(770) 377-3605
Added: Nov 15, 2025
Changed: Aug 23
Last Checked: Sep 4 at 8:06AM
MLS# 10757417
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,410-square-foot office property dates to 1900 and has been updated for commercial use. The layout can accommodate up to five offices, along with a reception area, kitchen, and laundry. Interior finishes include carpet and vinyl flooring, while central heating and central air provide building-wide climate control. The structure features aluminum siding and frame construction beneath a composition roof.
Set on 0.33 acres in Old Towne Conyers, the property is served by public water and public sewer, with cable available. Its Conyers location places the office less than a short drive from I-20, and commercial zoning supports a range of office-oriented applications.
Set on 0.33 acres in Old Towne Conyers, the property is served by public water and public sewer, with cable available. Its Conyers location places the office less than a short drive from I-20, and commercial zoning supports a range of office-oriented applications.
Key Highlights
- 1,410 SF office property on a 0.33‑acre parcel
- Updated 1900 property with aluminum siding and frame construction
- Layout supports up to 5 offices plus reception, kitchen, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,881
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$377,620
$377.6K
Cap Rate 7%
$269,729
$269.7K
Cap Rate 9%
$209,789
$209.8K
Market Conditions
NOI Build-Up for 1,410 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.7K $23.87/SF
− Vacancy
−$8.5K −$6.02/SF
EGI
$25.2K $17.85/SF
− OpEx
−$6.3K −$4.46/SF
NOI
$18.9K $13.39/SF
Area
Rockdale County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$377,620
Cap Rate 7%
$269,729
Cap Rate 9%
$209,789
Alternative Uses
Best Use
Office B
$269.7K
$236.0K – $314.7K
NOI $18,881 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.9K
$346.4K – $461.9K
NOI $27,715 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
Explore this area
Business Placement
Demographics for 30012, GA
30,307
Population
12,400
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.4 sq mi
ZIP Area
715
Density / Sq Mi
$60,169
Median Household Income
$36,770
Median Earnings
$1,134
Median Rent
$199,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Commercially zoned space includes reception, kitchen, and laundry areas.
Where is this office units located?
The property is located at 1007 Peek Street NW Conyers, GA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,410 SF office property on a 0.33‑acre parcel; Updated 1900 property with aluminum siding and frame construction; Layout supports up to 5 offices plus reception, kitchen, and laundry
