Professional Office
For Sale
$749,000
3306 Donna Way, Gainesville, GA 30504
Commercial Sale, Gainesville, GA
Property Size3,217 SF
Lot Size0.71 Acres
Price / SF$232.83
Days on Market216
Property Features for 3306 Donna Way
General Information
Property type
Residential
Property subtype
Office
Zoning
O-I
Parking
15
Parking features
Parking Lot
Window features
Wood Frames
Interior features
High Ceilings 10 or Greater, Reception Area, Restrooms
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Level, Private
Directions
GPS Friendly
Standard status
Active
APN
08033 000001B
Size
3,217 SF
Lot size
0.71 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
944
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Hot Water(Heating)
Cooling system
Ceiling Fan(s), Electric, Central Air
Building Details
Year built
1979
Floors in Building
1
Flooring type
Carpet, Vinyl
Building materials
Frame
Roof type
Asbestos Shingle
Additional Structures
Outbuilding
Listing Agency:
EXP Realty, LLC.
(888) 959-9461
Listed By:
Maria Ponce · License #362507
(888) 959-9461
Added: Jan 24
Changed: Aug 19
Last Checked: Aug 28 at 7:06PM
MLS# 7709260
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 3,217-square-foot office building, constructed in 1979, is arranged for professional office operations with 7 office spaces, one conference room, 2 reception areas, a break and kitchen area, and a large training room. Additional interior features include multiple closets, a walk-in storage closet, restrooms, high ceilings, carpet and vinyl flooring, central air, electric heating, hot water heating, and ceiling fans. The frame structure has an asbestos shingle roof, a parking lot, and an accessible approach with ramp.
The property occupies 0.71 acres and includes an adjacent 0.74-acre lot. Located at 3306 Donna Way in Gainesville, Hall County, the site is positioned along a road with an estimated 30,800 vehicles per day. Zoning is O-I, with water available and a septic tank serving the property.
The property occupies 0.71 acres and includes an adjacent 0.74-acre lot. Located at 3306 Donna Way in Gainesville, Hall County, the site is positioned along a road with an estimated 30,800 vehicles per day. Zoning is O-I, with water available and a septic tank serving the property.
Key Highlights
- 3,217‑square‑foot office building constructed in 1979
- 7 office spaces, one conference room, 2 reception areas, kitchen area, and large training room
- 0.71‑acre property with an adjacent 0.74‑acre lot
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
$43,097
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
5.75%
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%
$861,940
$861.9K
Cap Rate 7%
$615,671
$615.7K
Cap Rate 9%
$478,856
$478.9K
Market Conditions
NOI Build-Up for 3,217 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
$76.8K $23.88/SF
− Vacancy
−$19.4K −$6.02/SF
EGI
$57.5K $17.86/SF
− OpEx
−$14.4K −$4.47/SF
NOI
$43.1K $13.40/SF
Area
Hall County, GA
Vacancy
25.20%
Lease Rate
$23.88 /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%
$861,940
Cap Rate 7%
$615,671
Cap Rate 9%
$478,856
Alternative Uses
Best Use
Office B
$615.7K
$538.7K – $718.3K
NOI $43,097 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$900.9K
$788.3K – $1.05M
NOI $63,065 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,800 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 30504, GA
27,403
Population
10,162
Households
2.7
Avg Household Size
34
Median Age
23%
College-Educated
70%
High-School Grad
18.1 sq mi
ZIP Area
1,514
Density / Sq Mi
$71,833
Median Household Income
$34,972
Median Earnings
$1,266
Median Rent
$294,800
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 - Office property with reception areas, conference space, kitchen, training room, parking, and accessible ramp entry.
Where is this office building located?
The property is located at 3306 Donna Way Gainesville, GA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 3,217‑square‑foot office building constructed in 1979; 7 office spaces, one conference room, 2 reception areas, kitchen area, and large training room; 0.71‑acre property with an adjacent 0.74‑acre lot
