Office Building with Conference
New
For Sale
$475,000
1060 Garland #200, Bogart, GA 30622
Private offices, a conference room, restrooms, and a kitchenette support a range of professional uses.
Property Size1,764 SF
Price / SF$269.27
Days on Market5
Property Features for 1060 Garland #200
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Central air
Central Air Cooling
Electric Heating
Heating Heating
Building Details
Year Built
2026
Construction
brick and stacked stone
Listing Agency:
NAI ELROD GROUP
(706) 553-1000
Listed By:
BRIAN ELROD · License ##251606
Source:
Corcoran
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 10 at 3:17AM
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 NAI ELROD GROUP
Investment Insights
Based on property information with market context.
Completed in 2026, this approximately 1,764-square-foot office building combines a brick and stacked stone exterior with upgraded interior finishes. The layout includes private offices, a conference room, restrooms, and a kitchenette within Building 200, the final building constructed in the Beacon Pointe office park.
The property is located at 1060 Garland #200 in Bogart, Georgia, along Highway 78. Access to Hwy 53 and Hwy 316 is available within minutes. Downtown Athens and The University of Georgia are 12 miles away, while downtown Atlanta is less than 60 miles from the property. The Georgia Club, Lane Creek Golf Club, Oconee County Parks, and Epps Bridge shopping and dining are also nearby, with Epps Bridge approximately 10 minutes away. Seven schools are within a 5-minute radius.
The property is located at 1060 Garland #200 in Bogart, Georgia, along Highway 78. Access to Hwy 53 and Hwy 316 is available within minutes. Downtown Athens and The University of Georgia are 12 miles away, while downtown Atlanta is less than 60 miles from the property. The Georgia Club, Lane Creek Golf Club, Oconee County Parks, and Epps Bridge shopping and dining are also nearby, with Epps Bridge approximately 10 minutes away. Seven schools are within a 5-minute radius.
Key Highlights
- Approximately 1,764 square feet of office space
- Private offices, conference room, restrooms, and kitchenette
- Brick and stacked stone exterior with upscale interior finishes
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
$22,833
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
4.81%
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%
$456,660
$456.7K
Cap Rate 7%
$326,186
$326.2K
Cap Rate 9%
$253,700
$253.7K
Market Conditions
NOI Build-Up for 1,764 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
$38.1K $21.60/SF
− Vacancy
−$7.7K −$4.34/SF
EGI
$30.4K $17.26/SF
− OpEx
−$7.6K −$4.31/SF
NOI
$22.8K $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%
$456,660
Cap Rate 7%
$326,186
Cap Rate 9%
$253,700
Alternative Uses
Best Use
Office B
$326.2K
$285.4K – $380.6K
NOI $22,833 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$425.2K
$372.1K – $496.1K
NOI $29,767 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 30622, GA
11,044
Population
4,336
Households
2.5
Avg Household Size
39
Median Age
58%
College-Educated
96%
High-School Grad
37.0 sq mi
ZIP Area
298
Density / Sq Mi
$127,530
Median Household Income
$60,960
Median Earnings
$1,603
Median Rent
$379,400
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 building - Private offices, a conference room, restrooms, and a kitchenette support a range of professional uses.
Where is this office building located?
The property is located at 1060 Garland #200 Bogart, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 1,764 square feet of office space; Private offices, conference room, restrooms, and kitchenette; Brick and stacked stone exterior with upscale interior finishes
