Former Bank Branch Office
865 Highway 20/81 McDonough, GA 30253
865 Highway 20/81, McDonough, GA, 30253
$1,800,000
For Sale
$1,800,000
COMMERCIAL - Mcdonough, GA
Property Size3,591 SF
Lot Size2.67 Acres
Price / SF$501.25
Days on Market210
Property Features for 865 Highway 20/81
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking
- 30
- Parking features
- Parking Lot
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 093A01182000
- Size
- 3,591 SF
- Lot size
- 2.67 Acres
Taxes and HOA fees
- Tax Year
- 24
- Tax Annual Amount
- 19080
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2002
- Flooring type
- Carpet, Tile
- Building materials
- Brick, Stone
- Roof type
- Composition
Listing Agency
Chapman Group Realty, Inc.
(678) 782-5995
245 Keys Ferry Street, Locust Grove, GA
Listed by
Joseph F Chapman · License #346657
(678) 878-0215
Added: Dec 19, 2025 Checked: Jul 17 at 2:06 pm
MLS# 10796644
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 former bank branch office building is positioned on a 2.67-acre site and includes a total building area of 3,591 square feet. The property is set up for flexible reuse as a single-tenant office or related service use, and the site configuration also allows for a potential second build or expansion based on the existing lot size.
Located on the highly traveled Highway 20/81 corridor in McDonough, the property is described as having strong visibility and convenient access to I-75. The remarks also note that Highway 20/81 is currently being widened, which is intended to enhance traffic flow.
The building’s placement within a commercial district surrounded by medical, fitness, entertainment, restaurant, retail, and professional office users supports a steady day-to-day customer base for service-oriented operations.
Located on the highly traveled Highway 20/81 corridor in McDonough, the property is described as having strong visibility and convenient access to I-75. The remarks also note that Highway 20/81 is currently being widened, which is intended to enhance traffic flow.
The building’s placement within a commercial district surrounded by medical, fitness, entertainment, restaurant, retail, and professional office users supports a steady day-to-day customer base for service-oriented operations.
Key Highlights
- Former bank branch with 3,500+ SF building on a 2.67‑acre site
- Located on the highly traveled Hwy 20/81 corridor with strategic visibility and access
- Year built 2002; brick and stone construction with composition roof
Local Financial Insights For Specialty Retail
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 | $82.7k | $23.04 |
| − Vacancy | −$5.8k | −$1.61 |
| EGI | $76.9k | $21.43 |
| − OpEx | −$19.2k | −$5.36 |
| NOI | $57.7k | $16.07 |
3,591 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$824.4K
$721.4K – $961.8K
NOI $57,709 @ 7.0% cap · market cap 3.21%
Second Best
Retail
$721.6K
$631.4K – $841.8K
NOI $50,509 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.00M
$878.4K – $1.17M
NOI $70,268 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Former bank branch office building on a 2.67-acre site with ample parking off Highway 20/81.
Where is this office building located?
The property is located at 865 Highway 20/81 McDonough, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Former bank branch with 3,500+ SF building on a 2.67‑acre site; Located on the highly traveled Hwy 20/81 corridor with strategic visibility and access; Year built 2002; brick and stone construction with composition roof
