Office Building with Flexible
New
For Sale
$182,500
1017 Mooty Bridge Road, Lagrange, GA 30240
Commercial office property with private rooms, hardwood finishes, accessible entry, and practical support areas.
Property Size1,929 SF
Price / SF$136.19
Days on Market5
Property Features for 1017 Mooty Bridge Road
General Information
Standard status
Active
Size
1,929 SF
Property subtype
Other
Amenities
Land Lot: 77, 0.27 acres, Corner Lot, Level
Public Sewer
Annual Amount: $1,723, Year: 2025
Hardwood, Tile
Central Air
Central
Cumulative Days on Market: 2, 2 days on market, On Market Date: 2026-08-28
On Street, Parking Lot
Built in 1929, Wood Siding
County: Troup
Resale
Cable Available, Electricity Available, High Speed Internet, Water Available, Public
Negotiable
Accessible Approach with Ramp
Closed Circuit Cameras
Building Details
Building Size
1,929 SF
Year Built
1929
Listing Agency:
RE/MAX Results
(706) 315-8260
Listed By:
Morgan Marlowe
(706) 315-8260
Source:
Blackstreaminternational
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 3:19PM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This 1,340-square-foot office building at 1017 Mooty Bridge Road includes an open reception and waiting area, three offices, a storage room, a breakroom with sink and shelving, and a tiled half bathroom. Refinished hardwood flooring serves the office areas, while tile is used in the waiting area, breakroom, storage room, and bathroom. Natural light adds to the interior, and the property is currently utilized as a CPA office.
The building offers abundant parking and handicap accessibility. Constructed in 1929, it provides an established commercial setting near downtown LaGrange. The existing configuration combines private rooms with shared areas, supporting continued office use and adaptable workspace planning.
The building offers abundant parking and handicap accessibility. Constructed in 1929, it provides an established commercial setting near downtown LaGrange. The existing configuration combines private rooms with shared areas, supporting continued office use and adaptable workspace planning.
Key Highlights
- 1,340‑square‑foot office building at 1017 Mooty Bridge Road, LaGrange, GA 30240
- Three offices plus an open reception and waiting area
- Refinished hardwood flooring in the office areas
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
$15,670
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
8.59%
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%
$313,400
$313.4K
Cap Rate 7%
$223,857
$223.9K
Cap Rate 9%
$174,111
$174.1K
Market Conditions
NOI Build-Up for 1,340 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
$22.8K $17.04/SF
− Vacancy
−$1.9K −$1.45/SF
EGI
$20.9K $15.59/SF
− OpEx
−$5.2K −$3.90/SF
NOI
$15.7K $11.69/SF
Area
Troup County, GA
Vacancy
8.50%
Lease Rate
$17.04 /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%
$313,400
Cap Rate 7%
$223,857
Cap Rate 9%
$174,111
Alternative Uses
Best Use
Office B
$223.9K
$195.9K – $261.2K
NOI $15,670 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$299.8K
$262.4K – $349.8K
NOI $20,988 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
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 - Commercial office property with private rooms, hardwood finishes, accessible entry, and practical support areas.
Where is this office building located?
The property is located at 1017 Mooty Bridge Road Lagrange, GA.
What is the asking price?
The asking price for this property is $182,500.
What are key features of this property?
This property features: 1,340‑square‑foot office building at 1017 Mooty Bridge Road, LaGrange, GA 30240; Three offices plus an open reception and waiting area; Refinished hardwood flooring in the office areas
