Custom Office
For Sale
$465,000
1060 Garland Dr Bldg 400, Bogart, GA 30622
Custom-designed office space with private offices, conference room, restrooms, and a kitchenette for professional use.
Property Size1,764 SF
Days on Market55
Property Features for 1060 Garland Dr Bldg 400
General Information
Standard status
Active
Size
1,764 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,764 SF
Year Built
2026
Listing Agency:
NAI Elrod Group
(678) 859-6110
Listed By:
Brian Elrod, CCIM · License #GA #251606
(678) 859-6110
Source:
Naiglobal
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 10 at 3:59AM
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.
This custom-designed office building features upscale interior finishes and a brick and stacked stone exterior. The layout includes private offices, a conference room, restrooms, and a kitchenette, providing a functional mix of work areas and client or meeting space for a variety of professional operations.
The property is described as just minutes from Highway 316 and Highway 78, supporting convenient regional access. While the exterior is characterized by brick and stacked stone, the interior is positioned for day-to-day office use with dedicated rooms for collaboration and individual work.
For buyers or tenants seeking a compact, move-in-ready office configuration, the presence of private offices, a conference room, and in-suite restrooms and kitchenette can support teams that require both focused work and the ability to host meetings on-site. The building’s custom design and higher-end finishes may also appeal to professional users looking for a more polished workspace.
The property is described as just minutes from Highway 316 and Highway 78, supporting convenient regional access. While the exterior is characterized by brick and stacked stone, the interior is positioned for day-to-day office use with dedicated rooms for collaboration and individual work.
For buyers or tenants seeking a compact, move-in-ready office configuration, the presence of private offices, a conference room, and in-suite restrooms and kitchenette can support teams that require both focused work and the ability to host meetings on-site. The building’s custom design and higher-end finishes may also appeal to professional users looking for a more polished workspace.
Key Highlights
- Custom‑designed office building built in 2026
- Approximately 1,764 SF with private offices, a conference room, restrooms, and a kitchenette
- Brick and stacked stone exterior
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
4.91%
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%
$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 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$425.2K
$372.1K – $496.1K
NOI $29,767 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Custom-designed office space with private offices, conference room, restrooms, and a kitchenette for professional use.
Where is this office building located?
The property is located at 1060 Garland Dr Bldg 400 Bogart, GA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Custom‑designed office building built in 2026; Approximately 1,764 SF with private offices, a conference room, restrooms, and a kitchenette; Brick and stacked stone exterior
