For-Sale Office
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120 Millbrook Village Drive, Tyrone, GA 30290
Office suite offered for sale in Tyrone, Georgia with 4,850 SF of flexible workspace.
Property Size4,850 SF
Price / SF$179.18
Days on Market68
Property Features for 120 Millbrook Village Drive
General Information
Standard status
Active
Size
4,850 SF
Property subtype
Office, Industrial
Zoning
Office/Institution
Building Details
Year Built
2007
Buildings
1
Stories
1
Units
9
Listing Agency:
Josey Young & Brady
(770) 683-1800
Listed By:
Keith Brady · License #GA
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 8 at 3:36PM
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 Josey Young & Brady
Investment Insights
Based on property information with market context.
This for-sale office suite totals 4,850 square feet and is presented as commercial office space within Millbrook Village Drive. The property is listed with a published note dated 08/06/2024, providing a recent reference point for the active offering.
Located at 120 Millbrook Village Drive in Tyrone, GA 30290, the suite’s access and setting align with an office-focused commercial environment. The address provides the primary way to evaluate approach and daily convenience for employees, clients, and vendors.
The size of the space supports a range of office requirements where a defined suite footprint is useful, whether for an existing office team planning a relocation or a buyer seeking an office building asset with a measurable, dedicated area. Prospective tenants and buyers can review whether the suite’s overall dimensions and office configuration fit their staffing needs and operational workflow. Additional details may be required to confirm layout specifics beyond the total suite size, but the offering provides a clear starting point for evaluating an office purchase in Tyrone.
Located at 120 Millbrook Village Drive in Tyrone, GA 30290, the suite’s access and setting align with an office-focused commercial environment. The address provides the primary way to evaluate approach and daily convenience for employees, clients, and vendors.
The size of the space supports a range of office requirements where a defined suite footprint is useful, whether for an existing office team planning a relocation or a buyer seeking an office building asset with a measurable, dedicated area. Prospective tenants and buyers can review whether the suite’s overall dimensions and office configuration fit their staffing needs and operational workflow. Additional details may be required to confirm layout specifics beyond the total suite size, but the offering provides a clear starting point for evaluating an office purchase in Tyrone.
Key Highlights
- Office suite for sale in Tyrone, GA
- 4,850 SF flexible workspace
- Built in 2007
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
$64,947
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
7.47%
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%
$1,298,940
$1.3M
Cap Rate 7%
$927,814
$927.8K
Cap Rate 9%
$721,633
$721.6K
Market Conditions
NOI Build-Up for 4,850 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
$115.8K $23.87/SF
− Vacancy
−$29.2K −$6.02/SF
EGI
$86.6K $17.85/SF
− OpEx
−$21.6K −$4.46/SF
NOI
$64.9K $13.39/SF
Area
Fayette 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%
$1,298,940
Cap Rate 7%
$927,814
Cap Rate 9%
$721,633
Alternative Uses
Best Use
Office B
$927.8K
$811.8K – $1.08M
NOI $64,947 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,903 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 30290, GA
9,256
Population
3,542
Households
2.6
Avg Household Size
43
Median Age
57%
College-Educated
95%
High-School Grad
17.9 sq mi
ZIP Area
517
Density / Sq Mi
$122,738
Median Household Income
$70,078
Median Earnings
$795
Median Rent
$417,000
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 units - Office suite offered for sale in Tyrone, Georgia with 4,850 SF of flexible workspace.
Where is this office units located?
The property is located at 120 Millbrook Village Drive Tyrone, GA.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Office suite for sale in Tyrone, GA; 4,850 SF flexible workspace; Built in 2007
