3651 Mars Hill Road, Watkinsville, GA 30677
SINGLE_FAMILY - Watkinsville, GA
- Added:
- May 27, 2026
- Days on Market:
- 33
- Last Refresh:
- Jun 28 at 10:06 pm
Property Features for 3651 Mars Hill Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- OIP
- Parking
- 10
- Appliances
- Electric Water Heater, Microwave, Refrigerator
- Standard status
- Active
- APN
- B 02L 080
- Size
- 4,692 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2018
- Tax Description
- 1632 208
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2007
- Floors in Building
- 2
- Building materials
- Brick
Listing agent Brian Elrod License #251606 (678) 859-6110
Listing office NAI Elrod Group 3651 Mars Hill Road, Suite 2200, Watkinsville, GA (706) 553-1000
Listing date May 27, 2026
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully leased office condominium building with 4,692 SF across two stories in The Summit at Mars Hill
- Built in 2007 with brick and frame exterior and a covered entry
- All four suites are occupied with professional office tenant build‑outs
- Central air and central/electric heating
- Public water and public sewer service
- Located off Mars Hill Road in Oconee County, less than 1 mile from Hwy 316 and Hwy 78
Overview
The property is located in The Summit at Mars Hill off Mars Hill Road in Oconee County. It is less than one mile from both Highway 316 and Highway 78. Downtown Athens is about 10 minutes away, and Epps Bridge Centre is just up the road, with Atlanta accessible in roughly an hour via 316.
The building contains four office suites, and all suites are currently occupied with professional office build-outs and tenants in place. This setup can be appealing to investors seeking an acquisition with income beginning at closing, without the need for lease-up. Tenants and buyers are also supported by on-site shared parking and a straightforward condominium-style ownership structure within the Summit at Mars Hill office community.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.3k | $21.60 |
| − Vacancy | −$20.4k | −$4.34 |
| EGI | $81.0k | $17.26 |
| − OpEx | −$20.2k | −$4.31 |
| NOI | $60.7k | $12.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Watkinsville
- County
- Oconee
- State
- Georgia
- Longitude
- -83.502847
- Latitude
- 33.913623
