Furnished Office Near Oconee
For Sale
Contact for pricing
Pending
1020 Barber Creek Dr Unit 211, Watkinsville, GA 30677
Move-in ready, furnished 870 SF office space for sale.
Property Size870 SF
Days on Market306
Property Features for 1020 Barber Creek Dr Unit 211
General Information
Standard status
Pending
Size
870 SF
Property subtype
Office
Zoning
OIP
Investment Type
Owner/User
Building Details
Year Built
2002
Buildings
1
Stories
1
Units
1
Listing Agency:
Orbit Real Estate Partners
(706) 543-4000
Listed By:
Frank Thompson · License #GA
Source:
Crexi
Added: Oct 21, 2025
Changed: Aug 8
Last Checked: Aug 7 at 10:57AM
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 Orbit Real Estate Partners
Investment Insights
Based on property information with market context.
This 870 SF professional brick office is located just off Oconee Connector and Hwy 316. The turnkey office comes fully furnished and features a welcoming reception area, a spacious conference room, and a private office. It also includes a break room with a bathroom. The office has tile flooring throughout. It is suitable for a small business or professional services firm seeking a ready-to-use space in a highly accessible location.
Key Highlights
- Prime location off Oconee Connector and Hwy 316 offers high accessibility.
- Move‑in ready and fully furnished, saving time and upfront costs.
- Functional layout includes a reception area, conference room, private office, and break room with bathroom.
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
$11,261
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
5.66%
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%
$225,220
$225.2K
Cap Rate 7%
$160,871
$160.9K
Cap Rate 9%
$125,122
$125.1K
Market Conditions
NOI Build-Up for 870 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
$18.8K $21.60/SF
− Vacancy
−$3.8K −$4.34/SF
EGI
$15.0K $17.26/SF
− OpEx
−$3.8K −$4.31/SF
NOI
$11.3K $12.94/SF
Area
Oconee County, GA
Vacancy
20.10%
Lease Rate
$21.60 /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%
$225,220
Cap Rate 7%
$160,871
Cap Rate 9%
$125,122
Alternative Uses
Best Use
Office B
$160.9K
$140.8K – $187.7K
NOI $11,261 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$209.7K
$183.5K – $244.7K
NOI $14,681 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 30677, GA
20,579
Population
7,797
Households
2.6
Avg Household Size
41
Median Age
55%
College-Educated
97%
High-School Grad
122.2 sq mi
ZIP Area
168
Density / Sq Mi
$103,165
Median Household Income
$49,399
Median Earnings
$1,403
Median Rent
$394,800
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 units - Move-in ready, furnished 870 SF office space for sale.
Where is this office units located?
The property is located at 1020 Barber Creek Dr Unit 211 Watkinsville, GA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Prime location off Oconee Connector and Hwy 316 offers high accessibility.; Move‑in ready and fully furnished, saving time and upfront costs.; Functional layout includes a reception area, conference room, private office, and break room with bathroom.
