Brick Office
New
For Sale
$675,000
2164 North Road, Snellville, GA 30078
Commercial Sale, Snellville, GA
Property Size1,554 SF
Lot Size1.22 Acres
Price / SF$434.36
Days on Market2
Property Features for 2164 North Road
General Information
Property type
Residential
Property subtype
Office
Zoning
AA037
Parking
10
Parking features
Parking Lot
Window features
Window Treatments
Interior features
Reception Area, Recessed Lighting, Restrooms
Fencing
Chain Link, Fenced
Lot features
Corner Lot, Free Standing, Level
View
City
Directions
From Atlanta: Take I-85 N to Pleasant Hill Rd and turn right. Merge right onto Ronald Reagan Pkwy. Turn right onto North Rd. Property is approximately 0.8 miles on the left.
Standard status
Active
APN
R5039 023
Size
1,554 SF
Lot size
1.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6511
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
kitchen/breakroom
monument signage
Building Details
Year built
1960
Floors in Building
1
Flooring type
Carpet, Hardwood
Building materials
Brick 4 Sides
Additional Structures
Other
Listing Agency:
RE/MAX Town and Country · RE/MAX International
(770) 928-4966
Listed By:
SHARRON MERRELL BASSIL · License #178080
(678) 852-4427
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 19 at 12:06PM
MLS# 7840623
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 1,554-square-foot office building sits on 1.22 acres and was constructed in 1960. The interior includes multiple private offices, a reception and waiting area, kitchen or breakroom space, restrooms, hardwood and carpet flooring, and recessed lighting. Central air and forced-air heating support year-round occupancy, while four-sided brick construction provides a durable exterior.
The property is located at 2164 North Road in Snellville, near the city’s commercial corridor and within reach of shopping, dining, medical services, residential communities, and major roadways. A monument sign remains on the property, and the site includes a parking lot, fencing, and chain-link fencing. Zoning is AA037, with cable available.
The property is located at 2164 North Road in Snellville, near the city’s commercial corridor and within reach of shopping, dining, medical services, residential communities, and major roadways. A monument sign remains on the property, and the site includes a parking lot, fencing, and chain-link fencing. Zoning is AA037, with cable available.
Key Highlights
- 1,554‑square‑foot office building on 1.22 acres
- Built in 1960 with brick on all four sides
- Multiple private offices with reception and waiting areas
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
$22,531
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
3.34%
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%
$450,620
$450.6K
Cap Rate 7%
$321,871
$321.9K
Cap Rate 9%
$250,344
$250.3K
Market Conditions
NOI Build-Up for 1,554 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
$42.0K $27.00/SF
− Vacancy
−$4.4K −$2.84/SF
EGI
$37.6K $24.17/SF
− OpEx
−$15.0K −$9.67/SF
NOI
$22.5K $14.50/SF
Area
Gwinnett County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$450,620
Cap Rate 7%
$321,871
Cap Rate 9%
$250,344
Alternative Uses
Best Use
Healthcare Medical
$321.9K
$281.6K – $375.5K
NOI $22,531 @ 7.0% cap · market cap 3.34%
Second Best
Office B
$297.3K
$260.1K – $346.8K
NOI $20,810 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$434.4K
$380.1K – $506.8K
NOI $30,408 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,817
Businesses Nearby
Explore this area
Business Placement
Demographics for 30078, GA
38,350
Population
13,784
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
91%
High-School Grad
17.3 sq mi
ZIP Area
2,217
Density / Sq Mi
$90,054
Median Household Income
$44,657
Median Earnings
$1,641
Median Rent
$316,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Configured for professional or medical use with private offices, reception space, and on-site parking.
Where is this office building located?
The property is located at 2164 North Road Snellville, GA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,554‑square‑foot office building on 1.22 acres; Built in 1960 with brick on all four sides; Multiple private offices with reception and waiting areas
