Industrial-Zoned Office
For Sale
$249,900
120 Peter St, Lagrange, GA 30240
Gated parking and covered vehicle spaces support office and service-oriented operations.
Property Size2,340 SF
Price / SF$106.79
Days on Market30
Property Features for 120 Peter St
General Information
Standard status
Active
Size
2,340 SF
Zoning
general industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$160
Amenities
covered parking
Listing Agency:
Josey Young & Brady Realty
(678) 416-9241
Listed By:
Russell Berry · License #318950
(678) 416-9241
Source:
Exprealty
Added: Jul 17
Changed: Aug 14
Last Checked: Aug 15 at 10:53AM
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 Realty
Investment Insights
Based on property information with market context.
This 2,340-square-foot office unit is positioned within a property zoned for general industrial use. The zoning supports a broad range of commercial and industrial activities, including equipment and building material sales, data processing, warehousing, automotive sales, and distillery operations.
The site includes a gated parking area with secure access and covered spaces suitable for larger vehicles. Its location at 120 Peter St in LaGrange places the property just outside downtown and provides convenient access to I-85. The combination of office space, vehicle accommodation, and industrial zoning can support businesses that require both administrative space and room for commercial vehicles.
The site includes a gated parking area with secure access and covered spaces suitable for larger vehicles. Its location at 120 Peter St in LaGrange places the property just outside downtown and provides convenient access to I-85. The combination of office space, vehicle accommodation, and industrial zoning can support businesses that require both administrative space and room for commercial vehicles.
Key Highlights
- 2,340‑square‑foot office unit
- General industrial zoning supports commercial and industrial uses
- Gated parking area with secure access
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
$10,439
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
4.18%
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%
$208,780
$208.8K
Cap Rate 7%
$149,129
$149.1K
Cap Rate 9%
$115,989
$116.0K
Market Conditions
NOI Build-Up for 2,340 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
$16.1K $6.86/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$14.9K $6.37/SF
− OpEx
−$4.5K −$1.91/SF
NOI
$10.4K $4.46/SF
Area
Troup County, GA
Vacancy
7.10%
Lease Rate
$6.86 /SF/Yr
Expense Ratio
30.00%
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%
$208,780
Cap Rate 7%
$149,129
Cap Rate 9%
$115,989
Alternative Uses
Best Use
Office B
$390.9K
$342.0K – $456.1K
NOI $27,363 @ 7.0% cap · market cap 10.95%
Second Best
Industrial
$149.1K
$130.5K – $174.0K
NOI $10,439 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$523.6K
$458.1K – $610.8K
NOI $36,650 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Explore this area
Business Placement
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
Median Home Value
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 units - Gated parking and covered vehicle spaces support office and service-oriented operations.
Where is this office units located?
The property is located at 120 Peter St Lagrange, GA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,340‑square‑foot office unit; General industrial zoning supports commercial and industrial uses; Gated parking area with secure access
