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    1551 Jennings Mill Road unit 2900B Watkinsville, GA 30677

    View on Map
    New
    For Lease
    $1,100 /Mo

    COMMERCIAL - Watkinsville, GA

    Type:Office
    Property size:
    760 SF
    Lot size:
    0.02 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 7 at 12:06 am

    Property Features for 1551 Jennings Mill Road unit 2900B

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Bathrooms
    1
    Rooms
    Bathroom 1
    Window features
    Double Pane Windows
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    C 01P 029B
    Size
    760 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    1005 708
    Tax Annual Amount
    1016

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump, Electric
    Water source
    Public

    Building Details

    Year built
    1997
    Floors in Building
    1
    Flooring type
    Tile, Wood, Carpet
    Building materials
    Brick, Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Kirby Kilgore

    Listing agent Kirby Kilgore License #239345

    Listing office Kilgore Real Estate Group 1551 Jennings Mill #2900B, Watkinsville, GA

    Listing date Apr 6, 2026

    MLS# CL352990

    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.

    Overview

    Move-in Ready Office Space

    This move-in-ready office space is located in a prime Oconee County location near the Clarke County line. The well-maintained unit features a welcoming reception area with new paint and engineered hardwood floors. The layout includes two private offices, a breakroom with updated flooring, and a private bathroom. This space is ideal for professional services or small businesses seeking a functional and efficient workspace. The property is conveniently located close to Epps Bridge Crossing, the new Athens Athletic Club, and major corridors including Hwy 129 and Atlanta Hwy, offering excellent accessibility for clients and staff. The unit has an area of 760 square feet and is available for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AK Counseling & Consulting, ... Physician Dr. Angela Londoño ... Physician Athens Home Realty ... Real Estate Agency Stephanie McMahon, Ph.D., ... Physician Tara Weiszer, PHD Physician

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Dental Office Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.3695
    Latitude
    33.7966

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    FAQs

    What type of property is this?
    Office units - Well-maintained office space in prime Oconee County location.
    Where is this office units located?
    The property is located at 1551 Jennings Mill Road unit 2900B Watkinsville, GA.
    What is the lease rate?
    The lease rate is $1,100 /Mo.
    What are key features of this property?
    This property features: Prime Oconee County location near Epps Bridge Crossing, Athens Athletic Club, Hwy 129, and Atlanta Hwy.; **Move‑in‑ready condition with new paint and updated flooring.**; Functional layout includes reception area, two private offices, breakroom, and private bathroom.
    (706) 255-5894
    We can help!
    Listing Contact
    Kirby Kilgore
    Real Estate License ID: 239345
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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