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    100 Colony Park Dr, Cumming, GA 30040

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    Office buildings

    Type:Office
    Property size:
    18,000 SF
    Price / SF:
    $194/SF
    Added:
    Apr 30, 2024
    Days on Market:
    800
    Last Refresh:
    Jul 5 at 3:25 am

    Property Features for 100 Colony Park Dr

    General Information

    Standard status
    Active
    Size
    18,000 SF
    Property subtype
    Office

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    Chris Hoag
    Chris Hoag

    Listing office Avison Young - Atlanta

    Listing date Apr 30, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - Atlanta

    HighLights

    • Strategic location in Forsyth County, one of the nation's fastest‑growing regions.
    • Proximity to GA 400 (Exit 14).
    • Ample surface parking.
    • Elevator access.
    • Monument signage availability.
    • Close proximity to Northside Hospital Forsyth.

    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 $429.7k $23.87
    − Vacancy −$108.3k −$6.02
    EGI $321.4k $17.85
    − OpEx −$80.3k −$4.46
    NOI $241.0k $13.39
    18,000 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.44M
    $3.01M – $4.02M (±1% cap)
    NOI $241,039 @ 7.0% cap · market cap 6.90%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $5.03M
    $4.40M – $5.87M (±1% cap)
    NOI $352,218 @ 7.0% cap · market cap 10.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Premier Healthcare Professionals Employment Agency Bridge Staffing Employment Agency Adevia Health USA Employment Agency Trender Marketing Department Store Gabe Fitzhugh, REALTOR® Real Estate Agency

    Suggested Use

    (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Daycare Center Hotel & Motel (Bike/Boat/Book/etc) Store Pet Grooming Service Clothing & Fashion Store Florist Bed & Breakfast Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.134851
    Latitude
    34.1941672

    FAQs

    Where is this office building located?
    The property is located at 100 Colony Park Dr Cumming, GA.
    What is the asking price?
    The asking price for this property is $3,495,500.
    What are key features of this property?
    This property features: Strategic location in Forsyth County, one of the nation's fastest‑growing regions.; Proximity to GA 400 (Exit 14).; Ample surface parking.
    (770) 532-9911 Call to check price and availability
    More about this property
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