Single-Story Brick Office
For Sale
$335,000
Pending
277 Oak Street, Hiram, GA 30141
Commercial Sale, Hiram, GA
Property Size2,212 SF
Lot Size1.39 Acres
Days on Market198
Property Features for 277 Oak Street
General Information
Property type
Residential
Property subtype
Office
Zoning
R-2
Parking
6
Parking features
Covered
Window features
Shutters, Insulated Windows
Interior features
Restrooms
Fencing
Fenced
Lot features
Free Standing, Level
View
City
Directions
From 278 go south on Hwy 92 towards Douglasville. Left on Oak Street to property on right.
Standard status
Pending
APN
013383
Size
2,212 SF
Lot size
1.39 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
846
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1961
Floors in Building
1
Flooring type
Hardwood
Building materials
Brick 4 Sides
Roof type
Asphalt
Listing Agency:
Ansley Real Estate
(404) 480-8805
Listed By:
Jaydee Austin Smith · License #203895
(404) 663-6136
Added: Feb 12
Changed: Aug 19
Last Checked: Aug 29 at 11:06AM
MLS# 7717977
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.
Single-story brick office building constructed with brick 4 sides, built in 1961. The property is configured for office use with a functional interior layout and restrooms, along with hardwood flooring. Heating is central and electric, and cooling is central air. The building has an asphalt roof and is served by public water with a septic tank for sewer. Additional site features include covered parking and fencing, and cable is available.
The property is located in downtown Hiram, just off Highway 92, with a wide driveway designed for vehicle access and on-site parking. The surrounding context includes commercial areas adjacent and current commercial zoning across from the site, which may be relevant for any future re-zoning considerations.
At 1.39 acres and 2,212 square feet, this property offers a compact footprint for an office operation that can include multiple rooms for work and meetings, as well as a waiting area.
The property is located in downtown Hiram, just off Highway 92, with a wide driveway designed for vehicle access and on-site parking. The surrounding context includes commercial areas adjacent and current commercial zoning across from the site, which may be relevant for any future re-zoning considerations.
At 1.39 acres and 2,212 square feet, this property offers a compact footprint for an office operation that can include multiple rooms for work and meetings, as well as a waiting area.
Key Highlights
- 1.39‑acre site with wide driveway and plenty of on‑site parking
- 2,212 SF single‑story office building built in 1961
- Brick 4 sides construction with hardwood flooring and restrooms
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
$29,621
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
8.84%
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%
$592,420
$592.4K
Cap Rate 7%
$423,157
$423.2K
Cap Rate 9%
$329,122
$329.1K
Market Conditions
NOI Build-Up for 2,212 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
$52.8K $23.87/SF
− Vacancy
−$13.3K −$6.02/SF
EGI
$39.5K $17.85/SF
− OpEx
−$9.9K −$4.46/SF
NOI
$29.6K $13.39/SF
Area
Paulding 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%
$592,420
Cap Rate 7%
$423,157
Cap Rate 9%
$329,122
Alternative Uses
Best Use
Office B
$423.2K
$370.3K – $493.7K
NOI $29,621 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$621.1K
$543.5K – $724.7K
NOI $43,479 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 30141, GA
23,616
Population
9,151
Households
2.6
Avg Household Size
38
Median Age
32%
College-Educated
91%
High-School Grad
27.6 sq mi
ZIP Area
856
Density / Sq Mi
$84,724
Median Household Income
$47,704
Median Earnings
$1,706
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-story brick office building on 1.39 acres in R-2 zoning with covered parking and central HVAC.
Where is this office building located?
The property is located at 277 Oak Street Hiram, GA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1.39‑acre site with wide driveway and plenty of on‑site parking; 2,212 SF single‑story office building built in 1961; Brick 4 sides construction with hardwood flooring and restrooms
