New Custom Office
For Sale
Contact for pricing
1060 Garland Drive, Bogart, GA 30622
Private offices, a conference room, restrooms, and kitchenette support professional occupancy.
Property Size1,764 SF
Price / SF$269.27
Days on Market11
Property Features for 1060 Garland Drive
General Information
Standard status
Active
Size
1,764 SF
Class
B
Property subtype
Office
Zoning
OIP
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2026
Buildings
1
Stories
2
Units
1
Building Size
1,764 SF
Construction
brick and stacked stone
Listing Agency:
NAI Elrod Group
(706) 553-1000
Listed By:
Brian Elrod · License #251606
Source:
Crexi
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 15 at 8:47AM
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 has a brick and stacked stone exterior with upgraded interior finishes. The layout includes private offices, a conference room, restrooms, and a kitchenette. The property is zoned OIP and is identified as Building 200, the final building constructed in the Beacon Pointe office park.
Located at 1060 Garland Drive in Bogart, the property fronts Highway 78 and sits minutes from Hwy 53 and Hwy 316. Downtown Athens and The University of Georgia are 12 miles away, while downtown Atlanta is less than 60 miles from the building. The Georgia Club, Lane Creek Golf Club, Oconee County Parks, and Epps Bridge shopping and dining are also within the stated surrounding area.
Located at 1060 Garland Drive in Bogart, the property fronts Highway 78 and sits minutes from Hwy 53 and Hwy 316. Downtown Athens and The University of Georgia are 12 miles away, while downtown Atlanta is less than 60 miles from the building. The Georgia Club, Lane Creek Golf Club, Oconee County Parks, and Epps Bridge shopping and dining are also within the stated surrounding area.
Key Highlights
- Approximately 1,764 square feet of office space
- Private offices, conference room, restrooms, and kitchenette
- Brick and stacked stone exterior with upgraded 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
Property Profile
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 kitchenette support professional occupancy.
Where is this office building located?
The property is located at 1060 Garland Drive 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 upgraded interior finishes
