Low-Rise Office
For Sale
$850,000
3105 Washington Road, East Point, GA 30344
Commercial Sale, East Point, GA
Property Size4,860 SF
Lot Size0.74 Acres
Price / SF$174.90
Days on Market917
Property Features for 3105 Washington Road
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Level, Near Public Transit, Rail
Directions
Use GPS.
Special listing conditions
Real Estate Owned, In Foreclosure
Standard status
Active
APN
14 019000010042
Size
4,860 SF
Lot size
0.74 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5075
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Forced Air
Cooling system
Gas (Cooling), Central Air
Water source
Public
Amenities
handicap accessibility
conference room
auditorium/multi-purpose room
kitchen
restrooms
storage buildings
Building Details
Year built
1974
Flooring type
Tile, Carpet, Laminate
Building materials
Brick, Stucco, Stone
Roof type
Composition
Listing Agency:
IBM Realty of Georgia, Inc.
(770) 469-1501
Listed By:
Felicia Ward
(678) 218-7231
Added: Feb 15, 2024
Changed: Aug 20
Last Checked: Aug 20 at 1:06PM
MLS# 20171591
Copyright © 2026 Georgia Multiple Listing Service. 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 4,860-square-foot office building sits on 0.738 acres and was built in 1974. The low-rise property includes nine individual offices, four private suites with waiting areas, two lobby areas, an oversized conference room, and additional open office and reception areas. A raised-stage auditorium or multipurpose room supports flexible use, while the interior also provides a kitchen with storage, a copy area, restrooms, and a water fountain. Two exterior storage buildings are included, and the building is constructed with brick, stucco, and stone.
The property offers front and rear exterior entrances, side entrances for two offices, a parking lot, and an accessible approach with ramp. Public water and public sewer serve the site. Located in East Point, the building is 4.3 miles from Hartsfield-Jackson International Airport and has access to multiple expressway entrances. The sale is offered as-is and showings are by appointment only.
The property offers front and rear exterior entrances, side entrances for two offices, a parking lot, and an accessible approach with ramp. Public water and public sewer serve the site. Located in East Point, the building is 4.3 miles from Hartsfield-Jackson International Airport and has access to multiple expressway entrances. The sale is offered as-is and showings are by appointment only.
Key Highlights
- 4,860‑square‑foot office building on 0.738 acres
- Nine individual offices plus 4 private suites with waiting areas
- Raised‑stage auditorium or multipurpose room and oversized 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
$65,081
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
7.66%
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%
$1,301,620
$1.3M
Cap Rate 7%
$929,729
$929.7K
Cap Rate 9%
$723,122
$723.1K
Market Conditions
NOI Build-Up for 4,860 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
$116.0K $23.87/SF
− Vacancy
−$29.2K −$6.02/SF
EGI
$86.8K $17.85/SF
− OpEx
−$21.7K −$4.46/SF
NOI
$65.1K $13.39/SF
Area
Fulton 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%
$1,301,620
Cap Rate 7%
$929,729
Cap Rate 9%
$723,122
Alternative Uses
Best Use
Office B
$929.7K
$813.5K – $1.08M
NOI $65,081 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,099 @ 7.0% cap · market cap 11.19%
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
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 30344, GA
35,365
Population
17,586
Households
2
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
2,923
Density / Sq Mi
$59,647
Median Household Income
$42,108
Median Earnings
$1,315
Median Rent
$240,700
Median Home Value
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 - Flexible office layout with private suites, shared waiting areas, auditorium space, and on-site parking.
Where is this office building located?
The property is located at 3105 Washington Road East Point, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,860‑square‑foot office building on 0.738 acres; Nine individual offices plus 4 private suites with waiting areas; Raised‑stage auditorium or multipurpose room and oversized conference room
