Medical Office
1181 LANGFORD DR, Watkinsville, GA
For Sale
Contact for pricing
Adjoining units offer flexibility to operate together or as separate office spaces.
Property Size5,158 SF
Price / SF$309.23
Days on Market36
Property Features for 1181 LANGFORD DR
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Office Units
Property Use
Listing Agency:
Whitworth Land Corporation
Listed By:
Grant Whitworth
(404) 509-3543
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 3:01PM
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 Whitworth Land Corporation
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Three connected office condo units in 316 Professional Quarter provide 5,158 square feet of space, with options to lease or sell the property as a whole or in separate portions. Unit 102 contains 1,386 square feet; Units 103 and 104 together account for 3,772 square feet. The space was formerly used for medical office purposes and is zoned B-2.
The property is in the Oconee County market, off Virgil Langford Road and north of Hwy 316. The surrounding area is described as 90% medical, with Piedmont Hospital and St. Mary's Hospital serving the area. GDOT is constructing an interchange at Oconee Connector that will include a flyover providing access to the south side of Hwy 316.
The property is in the Oconee County market, off Virgil Langford Road and north of Hwy 316. The surrounding area is described as 90% medical, with Piedmont Hospital and St. Mary's Hospital serving the area. GDOT is constructing an interchange at Oconee Connector that will include a flyover providing access to the south side of Hwy 316.
Key Highlights
- 5,158 square feet across three adjoining office condo units
- Unit 102 contains 1,386 square feet; Units 103 and 104 total 3,772 square feet
- Units may be sold or leased together or separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,764
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,335,280
$1.3M
Cap Rate 7%
$953,771
$953.8K
Cap Rate 9%
$741,822
$741.8K
Market Conditions
NOI Build-Up for 5,158 SF
Gross rent
$111.4K $21.60/SF
− Vacancy
−$22.4K −$4.34/SF
EGI
$89.0K $17.26/SF
− OpEx
−$22.3K −$4.31/SF
NOI
$66.8K $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 Rate 5%
$1,335,280
Cap Rate 7%
$953,771
Cap Rate 9%
$741,822
Alternative Uses
Best Use
Healthcare Medical
$955.0K
$835.6K – $1.11M
NOI $66,848 @ 7.0% cap · market cap 4.19%
Second Best
Office B
$953.8K
$834.6K – $1.11M
NOI $66,764 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,041 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Watkinsville, GA
Properties on Market for Office Units in Watkinsville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Adjoining units offer flexibility to operate together or as separate office spaces.
Where is this office unit located?
The property is located at 1181 LANGFORD DR Watkinsville, GA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 5,158 square feet across three adjoining office condo units; Unit 102 contains 1,386 square feet; Units 103 and 104 total 3,772 square feet; Units may be sold or leased together or separately
