1961 Office
10388 Highway 36 Covington, GA 30014
For Sale
$439,800
For sale office building built in 1961 in Covington with 100% occupancy.
Property Size1,428 SF
Price / SF$307.98
Days on Market52
Property Features for 10388 Highway 36
General Information
- Standard status
- Active
- Size
- 1,428 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1961
Listing Agency:
CBC Metro Brokers
(678) 548-5350
Listed By:
Soraya Echols
Source:
Corcoran
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 7:52AM
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 CBC Metro Brokers
Investment Insights
Based on property information with market context.
This for-sale office building totals 1,428 SF and was constructed in 1961. The property is presented as an office and office building investment, with the current offering noting 100% occupancy.
Located at 10388 Highway 36 in Covington, GA 30014, the building is positioned to serve tenants seeking an established office setting within the Covington area.
For investors evaluating occupied office assets, this structure offers a straightforward size and age profile within a dedicated office building format. The stated 100% occupancy can be relevant for buyers looking for an immediately leased configuration, while the compact overall footprint may appeal to operators seeking to manage a smaller office property.
Located at 10388 Highway 36 in Covington, GA 30014, the building is positioned to serve tenants seeking an established office setting within the Covington area.
For investors evaluating occupied office assets, this structure offers a straightforward size and age profile within a dedicated office building format. The stated 100% occupancy can be relevant for buyers looking for an immediately leased configuration, while the compact overall footprint may appeal to operators seeking to manage a smaller office property.
Key Highlights
- Office building built in 1961 in Covington, GA
- 1,428 SF office building
- 100% occupancy
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $23.87 |
| − Vacancy | −$8.6k | −$6.02 |
| EGI | $25.5k | $17.85 |
| − OpEx | −$6.4k | −$4.46 |
| NOI | $19.1k | $13.39 |
1,428 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$273.2K
$239.0K – $318.7K
NOI $19,122 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$399.2K
$349.3K – $465.7K
NOI $27,943 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - For sale office building built in 1961 in Covington with 100% occupancy.
Where is this office building located?
The property is located at 10388 Highway 36 Covington, GA.
What is the asking price?
The asking price for this property is $439,800.
What are key features of this property?
This property features: Office building built in 1961 in Covington, GA; 1,428 SF office building; 100% occupancy
