Renovated Office
1165 Cedar Shoals Drive, Athens, GA 30605
For Sale
$775,000
The property offers C-O zoning and parking for employees and visitors.
Property Size3,224 SF
Price / SF$240.38
Days on Market19
Property Features for 1165 Cedar Shoals Drive
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Athens Real Estate Associates, Inc.
Listed By:
Michelle Farmer · License #303057
(706) 614-6947
Source:
Eddymyers
Added: Oct 20
Changed: Nov 3
Last Checked: Nov 6 at 3:05AM
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 Athens Real Estate Associates, Inc.
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Investment Insights
Based on property information with market context.
This office property contains 3,224 square feet and was built in 1985. Renovation work has updated the space, which is located at 1165 Cedar Shoals Drive in Athens, Georgia.
The property is zoned C-O and includes parking.
The property is zoned C-O and includes parking.
Key Highlights
- 3,224‑square‑foot office property
- Renovated office space
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,731
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,620
$834.6K
Cap Rate 7%
$596,157
$596.2K
Cap Rate 9%
$463,678
$463.7K
Market Conditions
NOI Build-Up for 3,224 SF
Gross rent
$69.6K $21.60/SF
− Vacancy
−$14.0K −$4.34/SF
EGI
$55.6K $17.26/SF
− OpEx
−$13.9K −$4.31/SF
NOI
$41.7K $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%
$834,620
Cap Rate 7%
$596,157
Cap Rate 9%
$463,678
Alternative Uses
Best Use
Office B
$596.2K
$521.6K – $695.5K
NOI $41,731 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.2K
$680.1K – $906.8K
NOI $54,405 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
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Business Placement
Demographics for 30605, GA
43,205
Population
18,387
Households
2.3
Avg Household Size
28
Median Age
53%
College-Educated
91%
High-School Grad
38.2 sq mi
ZIP Area
1,131
Density / Sq Mi
$48,188
Median Household Income
$24,933
Median Earnings
$1,104
Median Rent
$279,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Athens, GA
Properties on Market for Office Units in Athens
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The property offers C-O zoning and parking for employees and visitors.
Where is this office unit located?
The property is located at 1165 Cedar Shoals Drive Athens, GA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,224‑square‑foot office property; Renovated office space; Built in 1985
