Office Building with Flexible
New
For Sale
$182,500
1017 Mooty Bridge Road, Lagrange, GA 30240
Commercial Sale, Lagrange, GA
Property Size1,340 SF
Lot Size0.27 Acres
Price / SF$136.19
Days on Market6
Property Features for 1017 Mooty Bridge Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street, Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Level
Directions
Keep straight on at E Lafayette Sq, Turn left onto Mooty Bridge Rd, You have arrived at Mooty Bridge Rd/GA-219
Standard status
Active
APN
0611A007009
Size
1,340 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1723
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1929
Flooring type
Hardwood, Tile
Building materials
Wood Siding
Listing Agency:
RE/MAX Results · RE/MAX International
(706) 845-7000
Listed By:
Morgan J Marlowe · License #86587
(706) 315-8260
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 29 at 6:06PM
MLS# 10835108
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 1,340-square-foot office building at 1017 Mooty Bridge Road includes a waiting area, open workspace, three offices, storage, 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, bathroom, breakroom, and storage room. Central heating and central air provide building-wide climate control.
Built in 1929 on a 0.27-acre parcel, the property offers both a parking lot and on-street parking. An accessible approach with ramp supports entry. Public water and public sewer serve the site, with cable available. The property is located near downtown LaGrange, GA, and is offered for sale.
Built in 1929 on a 0.27-acre parcel, the property offers both a parking lot and on-street parking. An accessible approach with ramp supports entry. Public water and public sewer serve the site, with cable available. The property is located near downtown LaGrange, GA, and is offered for sale.
Key Highlights
- 1,340‑square‑foot office building on a 0.27‑acre parcel
- Three offices plus waiting area, storage, breakroom, and half bathroom
- Refinished hardwood flooring in office areas with tile in support spaces
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
277
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Three offices, support rooms, accessible entry, and parking accommodate a range of professional office configurations.
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 on a 0.27‑acre parcel; Three offices plus waiting area, storage, breakroom, and half bathroom; Refinished hardwood flooring in office areas with tile in support spaces
