Office Building with Secure
For Sale
$249,900
120 Peter Street, Lagrange, GA 30240
COMMERCIAL - Lagrange, GA
Property Size2,340 SF
Lot Size0.56 Acres
Price / SF$106.79
Days on Market14
Property Features for 120 Peter Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
20
Parking features
Covered, Secured, Parking Lot
Security features
Security
Lot features
City Lot, Corner Lot, Level
Directions
From Downtown LaGrange, take Bull Street down past the skate park, turn right on Main Street/Hamilton Street over the railroad tracks. Then, take an immediate right onto Peter Street (across from the Habitat for Humanity Restore). The office is on the right.
Standard status
Active
APN
0614D020006Z
Size
2,340 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
160
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1950
Flooring type
Laminate, Carpet
Building materials
Block, Brick
Roof type
Composition
Listing Agency:
Josey Young & Brady Realty
(770) 683-1800
Listed By:
Russell Berry · License #318950
(678) 416-9241
Added: Jul 17
Changed: Jul 27
Last Checked: Jul 30 at 4:06PM
MLS# 10807520
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 property presents a professional office space alongside a gated, secure parking lot with some covered parking for larger vehicles. The overall offering is sized at 2,340 square feet and sits on approximately 0.56 acres.
The property is located at 120 Peter Street in Lagrange, Georgia, just outside the heart of Downtown LaGrange, with convenient access to I-85. The site is zoned for general industrial, which the listing notes supports a variety of uses, including commercial/industrial equipment sales, building material sales, data processing, warehousing, automotive sales, and a distillery.
For tenant and buyer fit, the combination of office space and truck- or van-friendly parking can align well with service and industrial-oriented operations that require both workspace and on-site vehicle storage.
The property is located at 120 Peter Street in Lagrange, Georgia, just outside the heart of Downtown LaGrange, with convenient access to I-85. The site is zoned for general industrial, which the listing notes supports a variety of uses, including commercial/industrial equipment sales, building material sales, data processing, warehousing, automotive sales, and a distillery.
For tenant and buyer fit, the combination of office space and truck- or van-friendly parking can align well with service and industrial-oriented operations that require both workspace and on-site vehicle storage.
Key Highlights
- Zoned for general industrial with allowed uses including commercial/industrial equipment sales, building materials sales, warehousing, and automotive sales
- Gated, secure parking lot with some covered parking for larger vehicles
- Professional office space with central heating and central air cooling
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.1k | $6.86 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $14.9k | $6.37 |
| − OpEx | −$2.2k | −$0.96 |
| NOI | $12.7k | $5.42 |
2,340 SF · lease $6.86/SF/yr · vacancy 7.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$390.9K
$342.0K – $456.1K
NOI $27,363 @ 7.0% cap · market cap 10.95%
Second Best
Warehouse
$181.1K
$158.5K – $211.3K
NOI $12,676 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$523.6K
$458.1K – $610.8K
NOI $36,650 @ 7.0% cap · market cap 14.67%
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
824
Businesses Nearby
Explore this area
Business Placement
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
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 - Professional office space with gated, secure parking and convenient access to I-85 in LaGrange, GA.
Where is this office building located?
The property is located at 120 Peter Street Lagrange, GA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Zoned for general industrial with allowed uses including commercial/industrial equipment sales, building materials sales, warehousing, and automotive sales; Gated, secure parking lot with some covered parking for larger vehicles; Professional office space with central heating and central air cooling
