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    1618 Mars Hill Road Watkinsville, GA 30677

    View on Map
    New
    For Lease
    $6,918 /Mo

    COMMERCIAL - Other - Watkinsville, GA

    Property size:
    5,902 SF
    Lot size:
    0.66 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 3 at 2:06 am

    Property Features for 1618 Mars Hill Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    001
    Bathrooms
    6
    Rooms
    Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 6
    Exterior features
    Irrigation System
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    B04-F0-11
    Size
    5,902 SF
    Lot size
    0.66 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    1427/168 1151/96 1148418
    TaxAnnualAmount
    6300

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Heat Pump (Heating), Central
    Cooling system
    Heat Pump, Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2007
    Floors in Building
    1
    Flooring type
    Carpet
    Building materials
    Brick, Concrete
    Roof type
    Composition
    Architectural style
    Other

    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 1, 2026

    MLS# CL352590

    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

    Watkinsville Office Space Available

    Located in Windridge Office Park on heavily traveled Mars Hill Road, this commercial building is situated in the heart of Oconee's residential and commercial development. A sign monument is visible to traffic on Mars Hill Road. The first level totals 4260 square feet and features a reception area, a book-keeping area, 17 exam rooms/offices, and 5 bathrooms. One room is equipped with leaded sheetrock walls, making it suitable for X-rays. The finished upstairs area offers approximately 1642 square feet of space, including an additional bathroom, office space/record keeping area, and a breakroom, with potential for additional rental income. The tenant will be responsible for all utilities, insurance, tax, and CAM fees. The current lease runs through September 30, 2026, with the property available for occupancy on October 1, 2026. The square footage is based on tax assessor's measurements for the main level and builder plans for the upstairs. The property is zoned 001 and sits on a 0.66-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prime Time Pediatrics Medical Clinic Sprayberry David MD Pediatrician Dr. David Gaines Pediatrician Sierra Pacific Mortgage Loan Service PrimeTime Urgent Care Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Gym & Fitness Center Skin Care Clinic Hotel & Motel Kitchen & Bath Showroom

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

    Similar Places Nearby

    • Woodlands Veterinary Referral — 1020 Woodlands Rd, Watkinsville, GA 30677

    Location Insight

    • Map
    • Local Demand
    City
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.455204
    Latitude
    33.885917

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    FAQs

    What type of property is this?
    Medical Office Space - Commercial space in Windridge Office Park available October 1, 2026.
    Where is this medical office space located?
    The property is located at 1618 Mars Hill Road Watkinsville, GA.
    What is the lease rate?
    The lease rate is $6,918 /Mo.
    What are key features of this property?
    This property features: Prime location on heavily traveled Mars Hill Road in Oconee's commercial and residential hub.; Existing lease in place through September 30, 2026, providing immediate income potential.; **First level features 4260 sq. ft. with 17 exam rooms/offices and 5 bathrooms, suitable for medical or professional use.**
    (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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