Renovated Office
For Sale
$400,000
11040 Veterans Memorial Highway, Lithia Springs, GA 30122
Commercial Sale, Lithia Springs, GA
Property Size1,200 SF
Lot Size0.62 Acres
Price / SF$333.33
Days on Market50
Property Features for 11040 Veterans Memorial Highway
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
10
Parking features
Parking Lot
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Lot features
Level
Directions
Please use GPS.
Standard status
Active
APN
03601820004
Size
1,200 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1733
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1949
Flooring type
Laminate
Listing Agency:
Atlanta Communities
(770) 240-2004
Listed By:
Mark Hall
(770) 240-2000
Added: Jul 31
Changed: Sep 12
Last Checked: Sep 18 at 1:06AM
MLS# 10816548
Copyright © 2026 Georgia Multiple Listing Service. 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 fully renovated office property includes 1,200 square feet of building area on 0.62 acres. The 1949-built structure features laminate flooring, central heating and central air conditioning, a parking lot, fencing, and an accessible approach with ramp. Public water, a septic tank, and cable availability serve the property.
Located at 11040 Veterans Memorial Highway in Lithia Springs, the site sits near Interstate 20 and the intersection with North Sweetwater Road. The surrounding area includes established retail, restaurant, and service businesses along with residential communities. A recently approved project at the Veterans Memorial Highway and North Sweetwater Road intersection is planned to add EV chargers, a neighborhood grocery, and additional commercial spaces. Plans also call for widening Veterans Memorial Highway to improve traffic flow.
Located at 11040 Veterans Memorial Highway in Lithia Springs, the site sits near Interstate 20 and the intersection with North Sweetwater Road. The surrounding area includes established retail, restaurant, and service businesses along with residential communities. A recently approved project at the Veterans Memorial Highway and North Sweetwater Road intersection is planned to add EV chargers, a neighborhood grocery, and additional commercial spaces. Plans also call for widening Veterans Memorial Highway to improve traffic flow.
Key Highlights
- Fully renovated 1,200‑square‑foot office building
- 0.62‑acre commercial parcel at 11040 Veterans Memorial Highway
- Central heating and central air conditioning
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
$16,069
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
4.02%
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%
$321,380
$321.4K
Cap Rate 7%
$229,557
$229.6K
Cap Rate 9%
$178,544
$178.5K
Market Conditions
NOI Build-Up for 1,200 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
$28.6K $23.87/SF
− Vacancy
−$7.2K −$6.02/SF
EGI
$21.4K $17.85/SF
− OpEx
−$5.4K −$4.46/SF
NOI
$16.1K $13.39/SF
Area
Douglas County, GA
Vacancy
25.20%
Lease Rate
$23.87 /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%
$321,380
Cap Rate 7%
$229,557
Cap Rate 9%
$178,544
Alternative Uses
Best Use
Office B
$229.6K
$200.9K – $267.8K
NOI $16,069 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$335.4K
$293.5K – $391.4K
NOI $23,481 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 30122, GA
24,044
Population
11,679
Households
2.1
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
24.7 sq mi
ZIP Area
973
Density / Sq Mi
$64,072
Median Household Income
$41,835
Median Earnings
$1,496
Median Rent
$225,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 building - A compact commercial building pairs office functionality with a fenced parcel, parking lot, ramp access, and central HVAC.
Where is this office building located?
The property is located at 11040 Veterans Memorial Highway Lithia Springs, GA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Fully renovated 1,200‑square‑foot office building; 0.62‑acre commercial parcel at 11040 Veterans Memorial Highway; Central heating and central air conditioning
