Lagrange Office Investment
1505 Lafayette Parkway Lagrange, GA 30241
1505 Lafayette Parkway, Lagrange, GA, 30241
$1,350,000
Pending
For Sale
$1,350,000
Pending
COMMERCIAL - Lagrange, GA
Property Size3,557 SF
Lot Size0.77 Acres
Days on Market149
Property Features for 1505 Lafayette Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Standard status
- Pending
- APN
- 0393B001004
- Size
- 3,557 SF
- Lot size
- 0.77 Acres
Taxes and HOA fees
- Tax Year
- 24
- Tax Annual Amount
- 6411
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1989
- Flooring type
- Carpet
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
RE/MAX Results
(706) 845-7000
833 New Franklin Road, Lagrange, GA
Listed by
Rob Upchurch · License #202341
(706) 523-0014
Added: Feb 18 Checked: Jul 17 at 4:06 pm
MLS# 10695827
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 commercial property in Lagrange, Georgia, offers approximately 3,557 square feet of office space. The current floor plan includes 10 offices, a reception area, and a large waiting area, but the space can be modified. Situated on a 0.77-acre lot, the property benefits from excellent visibility and a strong traffic count. It is located near a shopping center anchored by Bass Pro. The property is intended for commercial use as office space.
Key Highlights
- Prime commercial investment opportunity with 3600+- sq ft of office space.
- Excellent visibility and strong traffic count.
- Close proximity to a new Bass Pro Shops‑anchored shopping center.
Local Financial Insights For Office B
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 | $60.6k | $17.04 |
| − Vacancy | −$5.2k | −$1.45 |
| EGI | $55.5k | $15.59 |
| − OpEx | −$13.9k | −$3.90 |
| NOI | $41.6k | $11.69 |
3,557 SF · lease $17.04/SF/yr · vacancy 8.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$594.2K
$519.9K – $693.2K
NOI $41,594 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$795.9K
$696.4K – $928.5K
NOI $55,712 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
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FAQs
What type of property is this?
Office units - 3,557± SF office space near future shopping center.
Where is this office units located?
The property is located at 1505 Lafayette Parkway Lagrange, GA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime commercial investment opportunity with 3600+- sq ft of office space.; Excellent visibility and strong traffic count.; Close proximity to a new Bass Pro Shops‑anchored shopping center.
