Freestanding Tenant-Occupied Office
For Sale
$340,000
2054 Harobi Drive, Tucker, GA 30084
Commercial Sale, Tucker, GA
Property Size1,254 SF
Lot Size0.30 Acres
Price / SF$273.31
Days on Market47
Property Features for 2054 Harobi Drive
General Information
Property type
Residential
Property subtype
Office
Zoning
OI
Parking
12
Parking features
Parking Lot
Interior features
Reception Area, Restrooms
Lot features
Corner Lot, Free Standing
View
City
Directions
I-285 to Exit 37/Lavista Road. Head east on Lavista Road toward Tucker. Turn onto Harobi Drive. Property will be on the right at 2054 Harobi Drive. GPS friendly.
Standard status
Active
Size
1,244 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
120
Utilities
Utilities
Cable Available
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
1982
Floors in Building
1
Flooring type
Carpet
Building materials
HardiPlank Type, Vinyl Siding
Roof type
Asphalt
Listing Agency:
Sellect Realty LLC
(770) 509-0265
Listed By:
Chris Evans
(678) 694-7937
Added: Aug 10
Changed: Sep 12
Last Checked: Sep 25 at 7:06AM
MLS# 7819064
Copyright © 2026 First Multiple Listing Service, Inc. 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 freestanding office building was constructed in 1982 and offers a practical arrangement of reception space, a private office, open work area, conference room, kitchen, two bathrooms, and a dedicated mechanical room. Vaulted ceilings, built-in cabinetry and shelving, carpeted floors, abundant natural light, and electric heating and cooling support day-to-day office operations. Construction includes HardiPlank Type and vinyl siding, with an asphalt roof and central air.
The property occupies 0.3 acres in Tucker and includes a parking lot, mature landscaping, and wooded surroundings. It is currently occupied by a tenant, providing an existing office use within an OI-zoned property. Cable is available, and the building combines enclosed offices with larger shared workspace in a standalone setting.
The property occupies 0.3 acres in Tucker and includes a parking lot, mature landscaping, and wooded surroundings. It is currently occupied by a tenant, providing an existing office use within an OI-zoned property. Cable is available, and the building combines enclosed offices with larger shared workspace in a standalone setting.
Key Highlights
- Freestanding office building on 0.3 acres in Tucker
- Currently occupied by an established tenant
- Reception area, private office, bullpen/work area, and conference room
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
$16,658
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
4.90%
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%
$333,160
$333.2K
Cap Rate 7%
$237,971
$238.0K
Cap Rate 9%
$185,089
$185.1K
Market Conditions
NOI Build-Up for 1,244 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
$29.7K $23.87/SF
− Vacancy
−$7.5K −$6.02/SF
EGI
$22.2K $17.85/SF
− OpEx
−$5.6K −$4.46/SF
NOI
$16.7K $13.39/SF
Area
DeKalb 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%
$333,160
Cap Rate 7%
$237,971
Cap Rate 9%
$185,089
Alternative Uses
Best Use
Office B
$238.0K
$208.2K – $277.6K
NOI $16,658 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.7K
$304.3K – $405.7K
NOI $24,342 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
Explore this area
Business Placement
Demographics for 30084, GA
41,654
Population
15,950
Households
2.6
Avg Household Size
38
Median Age
42%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
2,796
Density / Sq Mi
$82,747
Median Household Income
$42,528
Median Earnings
$1,617
Median Rent
$332,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Tenant-occupied professional office with private and collaborative work areas, on-site parking, and a freestanding building configuration.
Where is this office building located?
The property is located at 2054 Harobi Drive Tucker, GA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Freestanding office building on 0.3 acres in Tucker; Currently occupied by an established tenant; Reception area, private office, bullpen/work area, and conference room
