Second-Floor Office
For Sale
$310,000
Pending
10375 Ford Avenue, Richmond Hill, GA 31324
Commercial Sale, Richmond Hill, GA
Property Size1,095 SF
Lot Size0.30 Acres
Days on Market25
Property Features for 10375 Ford Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CITY
Zoning description
Commercial
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Parking
2
Window features
Double Pane Windows
Interior features
Programmable Thermostat
Appliances
Some Electric Appliances, Electric Water Heater
Directions
HWY 144 South over the 1st set of RR tracks and Executive Court is on the left. Building 1, Unit 2A, upstairs unit on road side.
Standard status
Pending
APN
0532-093-01C
Size
1,095 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PARCEL A-2 EXECUTIVE COURT
Tax Annual Amount
2800
HOA Fee
$210 Monthly
Legal Description
PARCEL A-2 EXECUTIVE COURT
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Electric, Heat Pump
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Flooring type
Carpet
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Keller Williams Coastal Area P · Keller Williams Realty
(912) 356-5001
Listed By:
Melanie D. Kramer · License #302719
(912) 658-1390
Added: Jul 28
Changed: Aug 19
Last Checked: Aug 21 at 6:06AM
MLS# SA360950
Copyright © 2026 Hive MLS. 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 1,095-square-foot office unit occupies an upstairs corner position and is arranged with multiple private offices, a conference room, kitchenette, storage, and a guest restroom. The suite has been maintained with carpet flooring, brick construction, central air, heat-pump systems, and a programmable thermostat. An HVAC system was installed in approximately 2021, while the asphalt roof is approximately nine years old. Public water and public sewer serve the property, with cable available.
The property is located at 10375 Ford Avenue in Richmond Hill, along Highway 144, also known as Ford Avenue. Approximately 23,700 vehicles pass the corridor daily. The surrounding area includes established businesses, retail, restaurants, and expanding residential neighborhoods. Parking and convenient access are provided for clients and employees. CITY zoning is identified for the property, and the office is suitable for professional, medical, financial, insurance, legal, engineering, construction, property management, real estate, and therapy users as described in the source information.
The property is located at 10375 Ford Avenue in Richmond Hill, along Highway 144, also known as Ford Avenue. Approximately 23,700 vehicles pass the corridor daily. The surrounding area includes established businesses, retail, restaurants, and expanding residential neighborhoods. Parking and convenient access are provided for clients and employees. CITY zoning is identified for the property, and the office is suitable for professional, medical, financial, insurance, legal, engineering, construction, property management, real estate, and therapy users as described in the source information.
Key Highlights
- 1,095‑square‑foot second‑floor office unit in an upstairs corner location
- Multiple private offices plus conference room, kitchenette, storage, and guest restroom
- Approximately 23,700 vehicles pass daily along Highway 144 (Ford Avenue)
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
$15,224
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
4.91%
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%
$304,480
$304.5K
Cap Rate 7%
$217,486
$217.5K
Cap Rate 9%
$169,156
$169.2K
Market Conditions
NOI Build-Up for 1,095 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
$24.3K $22.20/SF
− Vacancy
−$4.0K −$3.66/SF
EGI
$20.3K $18.54/SF
− OpEx
−$5.1K −$4.63/SF
NOI
$15.2K $13.90/SF
Area
Bryan County, GA
Vacancy
16.50%
Lease Rate
$22.20 /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%
$304,480
Cap Rate 7%
$217,486
Cap Rate 9%
$169,156
Alternative Uses
Best Use
Office B
$217.5K
$190.3K – $253.7K
NOI $15,224 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.02M
$895.4K – $1.19M
NOI $71,634 @ 7.0% cap · market cap 23.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Explore this area
Business Placement
Demographics for 31324, GA
33,733
Population
12,748
Households
2.6
Avg Household Size
34
Median Age
42%
College-Educated
95%
High-School Grad
129.8 sq mi
ZIP Area
260
Density / Sq Mi
$110,767
Median Household Income
$56,635
Median Earnings
$1,764
Median Rent
$364,200
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 units - Professional suite with private offices, conference space, kitchenette, storage, and guest restroom.
Where is this office units located?
The property is located at 10375 Ford Avenue Richmond Hill, GA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,095‑square‑foot second‑floor office unit in an upstairs corner location; Multiple private offices plus conference room, kitchenette, storage, and guest restroom; Approximately 23,700 vehicles pass daily along Highway 144 (Ford Avenue)
