End-Unit Office
For Sale
$440,000
245 River Park N Drive, Woodstock, GA 30188
Commercial Sale, Woodstock, GA
Property Size2,298 SF
Price / SF$191.47
Days on Market163
Property Features for 245 River Park N Drive
General Information
Property type
Residential
Property subtype
Office
Zoning
GC
Parking
6
Parking features
Parking Lot
Window features
Insulated Windows
Interior features
High Ceilings 10 or Greater, Reception Area, Recessed Lighting, Restrooms
Lot features
Corner Lot
Directions
575N TO EXIT 11, SIXES ROAD, TURN RIGHT ON SIXES, TURN LEFT ON HWY 5, TURN RIGHT INTO RIVER PARK. TAKE A FIRST RIGHT (Fire Station on corner).
Standard status
Active
APN
15N17C 306
Size
2,298 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4938
Utilities
Utilities
Water Available
Heating system
Central
Cooling system
Central Air
Amenities
full lap swimming pool
six newly refurbished tennis courts
two basketball courts
recreation area
clubhouse
Building Details
Year built
2020
Floors in Building
1
Flooring type
Vinyl
Building materials
Brick, Brick 4 Sides
Listing Agency:
Chapman Hall Premier, REALTORS
(770) 454-7840
Listed By:
SONAL J HERRING
(404) 406-9077
Added: Apr 2
Changed: Sep 9
Last Checked: Sep 11 at 3:06PM
MLS# 7745646
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 2,298-square-foot office property brings together adjoining units 245 and 247 at River Park North Drive in an end-unit configuration. The 2020 building offers a flexible interior with a reception area, restrooms, recessed lighting, vinyl flooring, central heating and cooling, and ceilings measuring 10 feet or greater. Brick construction and a parking lot support a professional setting, while fresh paint and updated flooring create a clean presentation.
The property is positioned near I-575 at Exit 11 and less than four miles from Downtown Woodstock’s shopping, dining, and event district. Shared community amenities include a full lap pool, six refurbished tennis courts, two basketball courts, a recreation area, and a clubhouse. Exterior maintenance, landscaping, water, and garbage services are included through the property’s association. GC zoning and available water service further support its commercial office use.
The property is positioned near I-575 at Exit 11 and less than four miles from Downtown Woodstock’s shopping, dining, and event district. Shared community amenities include a full lap pool, six refurbished tennis courts, two basketball courts, a recreation area, and a clubhouse. Exterior maintenance, landscaping, water, and garbage services are included through the property’s association. GC zoning and available water service further support its commercial office use.
Key Highlights
- 2,298 SF end‑unit office suite combining adjoining units 245 and 247
- Built in 2020 with brick construction and 10‑foot‑or‑greater ceilings
- Reception area, restrooms, recessed lighting, and vinyl flooring
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
$30,773
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
6.99%
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%
$615,460
$615.5K
Cap Rate 7%
$439,614
$439.6K
Cap Rate 9%
$341,922
$341.9K
Market Conditions
NOI Build-Up for 2,298 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
$54.9K $23.87/SF
− Vacancy
−$13.8K −$6.02/SF
EGI
$41.0K $17.85/SF
− OpEx
−$10.3K −$4.46/SF
NOI
$30.8K $13.39/SF
Area
Cherokee 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%
$615,460
Cap Rate 7%
$439,614
Cap Rate 9%
$341,922
Alternative Uses
Best Use
Office B
$439.6K
$384.7K – $512.9K
NOI $30,773 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$645.3K
$564.6K – $752.8K
NOI $45,169 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 30188, GA
67,972
Population
26,759
Households
2.5
Avg Household Size
40
Median Age
47%
College-Educated
95%
High-School Grad
43.7 sq mi
ZIP Area
1,555
Density / Sq Mi
$105,395
Median Household Income
$55,281
Median Earnings
$1,736
Median Rent
$389,100
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
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Frequently Asked Questions
What type of property is this?
Office units - Flexible professional workspace with reception, restrooms, high ceilings, and access to shared recreational amenities.
Where is this office units located?
The property is located at 245 River Park N Drive Woodstock, GA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2,298 SF end‑unit office suite combining adjoining units 245 and 247; Built in 2020 with brick construction and 10‑foot‑or‑greater ceilings; Reception area, restrooms, recessed lighting, and vinyl flooring
