Office Units with Secured
For Sale
$224,900
120 Peter Street, Lagrange, GA 30240
Commercial Sale, Lagrange, GA
Property Size2,340 SF
Lot Size0.56 Acres
Price / SF$96.11
Days on Market91
Property Features for 120 Peter Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
20
Parking features
Secured, Parking Lot, Covered
Security features
Security
Lot features
City Lot, Corner Lot, Level
Directions
From Downtown LaGrange, take Bull Street down past the skate park, turn right on Main Street/Hamilton Street over the railroad tracks. Then, take an immediate right onto Peter Street (across from the Habitat for Humanity Restore). The office is on the right.
Standard status
Active
APN
0614D020006Z
Size
2,340 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
160
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1950
Flooring type
Carpet, Laminate
Building materials
Block, Brick
Roof type
Composition
Listing Agency:
Josey Young & Brady Realty
(770) 683-1800
Listed By:
Russell Berry · License #318950
(678) 416-9241
Added: Jul 17
Changed: Sep 28
Last Checked: Oct 15 at 11:06PM
MLS# 10807520
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,340-square-foot office property was built in 1950 and includes laminate and carpet flooring, central heating, electric cooling, and central air. The site covers 0.56 acres, with a gated parking lot that includes covered spaces for larger vehicles. Block and brick construction, public water, public sewer, a composition roof, and cable availability are also in place.
Located just outside downtown LaGrange, the property offers convenient access to I-85. General industrial zoning supports a range of commercial and industrial applications, including equipment sales, building material sales, data processing, warehousing, automotive sales, and distillery use.
Located just outside downtown LaGrange, the property offers convenient access to I-85. General industrial zoning supports a range of commercial and industrial applications, including equipment sales, building material sales, data processing, warehousing, automotive sales, and distillery use.
Key Highlights
- 2,340‑square‑foot office property on a 0.56‑acre site
- Gated parking lot with secured and covered parking
- General industrial zoning supports varied commercial and industrial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,439
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
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
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 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 12.17%
Second Best
Industrial
$149.1K
$130.5K – $174.0K
NOI $10,439 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$523.6K
$458.1K – $610.8K
NOI $36,650 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - General industrial zoning supports office operations, equipment sales, warehousing, and other commercial uses.
Where is this office units located?
The property is located at 120 Peter Street Lagrange, GA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 2,340‑square‑foot office property on a 0.56‑acre site; Gated parking lot with secured and covered parking; General industrial zoning supports varied commercial and industrial uses
