Office Building with Private
For Sale
$475,000
1060 Garland Drive, Bogart, GA 30622
Commercial Sale, Bogart, GA
Property Size1,764 SF
Lot Size0.04 Acres
Price / SF$269.27
Days on Market15
Property Features for 1060 Garland Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Property condition
Under Construction
Zoning
O-I-P
Appliances
Electric Water Heater
Directions
From GA 316, take US Hwy 78 W towards Monroe. In approximately 2.5 miles, turn right on Talus Street. The property will be on your right in 0.2 miles.
Standard status
Active
APN
B 01L 200
Size
1,764 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
1725 30
Tax Annual Amount
1
HOA Fee
$5,307 Annually
Legal Description
1725 30
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
private offices
conference room
restrooms
kitchenette
Building Details
Year built
2026
Floors in Building
1
Building materials
Brick
Listing Agency:
NAI Elrod Group
(706) 553-1000
Listed By:
Brian Elrod · License #251606
(678) 859-6110
Added: Aug 6
Changed: Aug 19
Last Checked: Aug 20 at 11:06PM
MLS# CL362138
Copyright © 2026 Hive MLS. 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 under-construction office building is planned with approximately 1,764 square feet of interior space, including private offices, a conference room, restrooms, and a kitchenette. Brick construction, central heating, central air, electric service, public water, and public sewer are specified. The property is zoned O-I-P and has a 0.04-acre lot.
Located on Highway 78 in Bogart, the building offers access to Hwy 53 and Hwy 316, with downtown Athens and The University of Georgia approximately 12 miles away. Downtown Atlanta is less than 60 miles from the property. The surrounding area includes The Georgia Club, Lane Creek Golf Club, Oconee County Parks, seven schools within a 5-minute radius, and Epps Bridge shopping and dining approximately 10 minutes away.
Located on Highway 78 in Bogart, the building offers access to Hwy 53 and Hwy 316, with downtown Athens and The University of Georgia approximately 12 miles away. Downtown Atlanta is less than 60 miles from the property. The surrounding area includes The Georgia Club, Lane Creek Golf Club, Oconee County Parks, seven schools within a 5-minute radius, and Epps Bridge shopping and dining approximately 10 minutes away.
Key Highlights
- Approximately 1,764 square feet of office space
- Private offices, conference room, restrooms, and kitchenette
- Brick construction with central heating and central air
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
$22,833
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
4.81%
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%
$456,660
$456.7K
Cap Rate 7%
$326,186
$326.2K
Cap Rate 9%
$253,700
$253.7K
Market Conditions
NOI Build-Up for 1,764 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
$38.1K $21.60/SF
− Vacancy
−$7.7K −$4.34/SF
EGI
$30.4K $17.26/SF
− OpEx
−$7.6K −$4.31/SF
NOI
$22.8K $12.94/SF
Area
Oconee County, GA
Vacancy
20.10%
Lease Rate
$21.60 /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%
$456,660
Cap Rate 7%
$326,186
Cap Rate 9%
$253,700
Alternative Uses
Best Use
Office B
$326.2K
$285.4K – $380.6K
NOI $22,833 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$425.2K
$372.1K – $496.1K
NOI $29,767 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 30622, GA
11,044
Population
4,336
Households
2.5
Avg Household Size
39
Median Age
58%
College-Educated
96%
High-School Grad
37.0 sq mi
ZIP Area
298
Density / Sq Mi
$127,530
Median Household Income
$60,960
Median Earnings
$1,603
Median Rent
$379,400
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 building - Under-construction professional property with conference space, restrooms, and a kitchenette in an established office park.
Where is this office building located?
The property is located at 1060 Garland Drive Bogart, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 1,764 square feet of office space; Private offices, conference room, restrooms, and kitchenette; Brick construction with central heating and central air
