Office Building with Private
For Sale
$675,000
102 E Johnston Street, Forsyth, GA 31029
Commercial-zoned property with two-road frontage, on-site parking, and an adaptable upper-level area.
Property Size3,484 SF
Price / SF$193.74
Days on Market152
Property Features for 102 E Johnston Street
General Information
Standard status
Active
Size
3,484 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Road Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,582
Building Details
Building Size
3,484 SF
Year Built
1920
Listed By:
Debbie Conner Smith
(770) 464-0897
Source:
Connersmithrealty
Added: May 28
Changed: Oct 25
Last Checked: Oct 26 at 3:50AM
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 Debbie Conner Smith
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,484-square-foot office building dates to 1920 and is zoned Commercial. Its layout can accommodate six to seven private offices, with two bathrooms and an upper-level open area that could support storage or additional office space.
The property fronts two roads and has on-site parking. It is located at 102 E Johnston Street in Forsyth, Georgia.
The property fronts two roads and has on-site parking. It is located at 102 E Johnston Street in Forsyth, Georgia.
Key Highlights
- 3,484 square feet; built in 1920
- Layout accommodates six to seven private offices
- Two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,115
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,300
$682.3K
Cap Rate 7%
$487,357
$487.4K
Cap Rate 9%
$379,056
$379.1K
Market Conditions
NOI Build-Up for 3,484 SF
Gross rent
$66.9K $19.20/SF
− Vacancy
−$21.4K −$6.14/SF
EGI
$45.5K $13.06/SF
− OpEx
−$11.4K −$3.26/SF
NOI
$34.1K $9.79/SF
Area
Monroe County, GA
Vacancy
32.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,300
Cap Rate 7%
$487,357
Cap Rate 9%
$379,056
Alternative Uses
Best Use
Office B
$487.4K
$426.4K – $568.6K
NOI $34,115 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$666.5K
$583.2K – $777.6K
NOI $46,658 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
Demographics for 31029, GA
17,440
Population
7,006
Households
2.5
Avg Household Size
40
Median Age
26%
College-Educated
91%
High-School Grad
243.7 sq mi
ZIP Area
72
Density / Sq Mi
$79,529
Median Household Income
$40,249
Median Earnings
$884
Median Rent
$226,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercial-zoned property with two-road frontage, on-site parking, and an adaptable upper-level area.
Where is this office building located?
The property is located at 102 E Johnston Street Forsyth, GA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,484 square feet; built in 1920; Layout accommodates six to seven private offices; Two bathrooms
