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    East Athens Office Space Available Title is generated by Realmo AI

    770 Gaines School Road, Athens, GA 30605

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    Claim this Listing
    For Lease
    $2,400/Mo $15 SF/Yr (calc)

    COMMERCIAL - Athens, GA

    Type:Office
    Property size:
    1,887 SF
    Added:
    Apr 6, 2026
    Days on Market:
    56
    Last Refresh:
    May 31 at 5:06 pm

    Property Features for 770 Gaines School Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Appliances
    Dishwasher, Electric Water Heater, Refrigerator
    Standard status
    Active
    APN
    233 015C
    Size
    1,887 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2001
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Thomas Gay

    Listing agent Thomas Gay License #335177

    Listing office Carriage House Realty, Inc. P.O. Box 81135, Athens, GA

    Listing date Apr 6, 2026

    MLS# CL352965

    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

    • Prime office space in growing East Athens location.
    • Suite A offers 1187 sqft with a reception/waiting room, kitchen, 2 bathrooms, and 6 separate offices.
    • Options to rent additional space with various suite configurations (Suite B, Suite C).
    • Building includes a total of 2 reception/waiting rooms, 2 kitchens, 4 bathrooms, and 13 separate offices.
    • Features central electric heating and cooling.
    • Private parking lot available.

    Overview

    Office space is available for rent in the growing East Athens area. Suite A offers approximately 1187 square feet and includes a reception/waiting room, kitchen, two bathrooms, and six separate offices. Options exist to rent additional space. Suite B, located on the lower level, also features a reception/waiting room, kitchen, two bathrooms, and six separate offices. Suite C, situated on the upper level, contains one large open space, one private office, and an IT room. In total, the building provides two reception/waiting rooms, two kitchens, four bathrooms, and thirteen separate offices, along with a large open conference room area upstairs. Power and water costs are split between suites based on the amount of space rented. A private parking lot serves the entire building. The property size is 1887 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    TruLoan Mortgage Loan Service MiMutual Mortgage, Athens ... Loan Service Graham Doolittle Loan Service BNL Consulting (Bike/Boat/Book/etc) Store Getting Real Counseling ... Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.333444
    Latitude
    33.931985

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    FAQs

    What type of property is this?
    Office units - Office space for rent in growing East Athens area.
    Where is this office units located?
    The property is located at 770 Gaines School Road Athens, GA.
    What is the lease rate?
    The lease rate is $2,400 /Mo.
    What are key features of this property?
    This property features: Prime office space in growing East Athens location.; Suite A offers **1187 sqft with a reception/waiting room, kitchen, 2 bathrooms, and 6 separate offices.**; Options to rent additional space with various suite configurations (Suite B, Suite C).
    (706) 340-1763
    We can help!
    Listing Contact
    Thomas Gay
    Real Estate License ID: 335177
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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