Furnished Office
For Sale
$385,000
108 Cedar Street, Carrollton, GA 30117
Commercial Sale, Carrollton, GA
Property Size1,741 SF
Price / SF$221.14
Days on Market121
Property Features for 108 Cedar Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
6-Carrollton City
Standard status
Active
Size
1,741 SF
Amenities
Private Offices
Board Room
Waiting Room
Full Kitchen
Bathroom
8-Foot Ceilings
Storage Building
Building Details
Year built
1946
Listing Agency:
Metro West Realty
(770) 836-0042
Listed By:
Mike Mashburn · License #202437
(770) 367-8956
Added: Apr 22
Changed: Aug 20
Last Checked: Aug 20 at 8:06PM
MLS# 151894
Copyright © 2026 West Metro Board of Realtors. 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 1,741-square-foot office building, constructed in 1946, provides a practical layout for professional services. The property includes 5 private offices with furnishings, a board room, waiting area, full kitchen, bathroom, and storage building at the rear. Eight-foot ceilings extend throughout the interior.
The building is located at 108 Cedar Street in Carrollton, Georgia, within walking distance of the downtown square, courthouse, and dining options. Its configuration combines individual work areas with shared meeting and reception spaces, offering a defined office setting for an owner-user or professional practice.
The building is located at 108 Cedar Street in Carrollton, Georgia, within walking distance of the downtown square, courthouse, and dining options. Its configuration combines individual work areas with shared meeting and reception spaces, offering a defined office setting for an owner-user or professional practice.
Key Highlights
- 1,741‑square‑foot office building constructed in 1946
- 5 private offices with furnishings
- Board room, waiting area, full kitchen, and bathroom
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
$23,314
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
6.06%
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%
$466,280
$466.3K
Cap Rate 7%
$333,057
$333.1K
Cap Rate 9%
$259,044
$259.0K
Market Conditions
NOI Build-Up for 1,741 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
$41.6K $23.87/SF
− Vacancy
−$10.5K −$6.02/SF
EGI
$31.1K $17.85/SF
− OpEx
−$7.8K −$4.46/SF
NOI
$23.3K $13.39/SF
Area
Carroll 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%
$466,280
Cap Rate 7%
$333,057
Cap Rate 9%
$259,044
Alternative Uses
Best Use
Office B
$333.1K
$291.4K – $388.6K
NOI $23,314 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$486.7K
$425.8K – $567.8K
NOI $34,067 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
Explore this area
Business Placement
Demographics for 30117, GA
37,644
Population
15,313
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
85%
High-School Grad
108.1 sq mi
ZIP Area
348
Density / Sq Mi
$58,463
Median Household Income
$31,273
Median Earnings
$1,066
Median Rent
$239,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional workspace includes private offices, a conference room, reception area, kitchen, bathroom, and rear storage building.
Where is this office building located?
The property is located at 108 Cedar Street Carrollton, GA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,741‑square‑foot office building constructed in 1946; 5 private offices with furnishings; Board room, waiting area, full kitchen, and bathroom
