Multi-Story Office
For Sale
$990,000
115 Sycamore Dr, Athens, GA 30606
Includes private offices, conference space, kitchenettes, and dedicated storage areas.
Property Size6,837 SF
Days on Market48
Property Features for 115 Sycamore Dr
General Information
Standard status
Active
Size
6,837 SF
Property subtype
Office - General Office
Building Details
Building Size
6,837 SF
Year Built
1985
Buildings
1
Stories
3
Listing Agency:
Coldwell Banker Commercial Upchurch Realty
Listed By:
Roby Redwine
Source:
Commercialcafe
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 12 at 5:12PM
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 Coldwell Banker Commercial Upchurch Realty
Investment Insights
Based on property information with market context.
Located at 115 Sycamore Dr in Athens, Georgia, this 3.5-story office building was constructed in 1985. The ground level includes five private offices, a conference room, kitchenette, and two storage rooms. Seven additional private offices are located on the main floor, while the third floor provides seven private offices and another kitchenette.
The building contains six single-user restrooms in total, with two on each primary office floor. An attic-level space adds one large room that can serve as storage or office space. The existing mix of enclosed offices, meeting space, kitchenettes, restrooms, and storage provides a defined office layout across multiple levels.
The building contains six single-user restrooms in total, with two on each primary office floor. An attic-level space adds one large room that can serve as storage or office space. The existing mix of enclosed offices, meeting space, kitchenettes, restrooms, and storage provides a defined office layout across multiple levels.
Key Highlights
- 3.5‑story office building at 115 Sycamore Dr, Athens, GA 30606
- Ground floor includes 5 private offices, 1 conference room, 1 kitchenette, and 2 storage rooms
- Main floor features 7 private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,497
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,769,940
$1.8M
Cap Rate 7%
$1,264,243
$1.3M
Cap Rate 9%
$983,300
$983.3K
Market Conditions
NOI Build-Up for 6,837 SF
Gross rent
$147.7K $21.60/SF
− Vacancy
−$29.7K −$4.34/SF
EGI
$118.0K $17.26/SF
− OpEx
−$29.5K −$4.31/SF
NOI
$88.5K $12.94/SF
Area
Athens, 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 Rate 5%
$1,769,940
Cap Rate 7%
$1,264,243
Cap Rate 9%
$983,300
Alternative Uses
Best Use
Office B
$1.26M
$1.11M – $1.47M
NOI $88,497 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,374 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
Explore this area
Business Placement
Demographics for 30606, GA
46,798
Population
22,603
Households
2.1
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
30.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$61,397
Median Household Income
$35,854
Median Earnings
$1,222
Median Rent
$332,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Includes private offices, conference space, kitchenettes, and dedicated storage areas.
Where is this office building located?
The property is located at 115 Sycamore Dr Athens, GA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 3.5‑story office building at 115 Sycamore Dr, Athens, GA 30606; Ground floor includes 5 private offices, 1 conference room, 1 kitchenette, and 2 storage rooms; Main floor features 7 private offices
