Office Building with Secure
120 Peter Street Lagrange, GA 30240
New
120 Peter Street, Lagrange, GA, 30240
$249,900
For Sale
$249,900
COMMERCIAL - Lagrange, GA
Property Size2,340 SF
Lot Size0.56 Acres
Price / SF$106.79
Days on Market1
Property Features for 120 Peter Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking
- 20
- Parking features
- Secured, Covered, Parking Lot
- Security features
- Security
- 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
75 Jackson Street, Bldg.200, Newnan, GA
Listed by
Russell Berry · License #318950
(678) 416-9241
Added: Jul 17 Checked: Jul 17 at 1:06 pm
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.
Investment Insights
Based on property information with market context.
This property presents a professional office space alongside a gated, secure parking lot with some covered parking for larger vehicles. The overall offering is sized at 2,340 square feet and sits on approximately 0.56 acres.
The property is located at 120 Peter Street in Lagrange, Georgia, just outside the heart of Downtown LaGrange, with convenient access to I-85. The site is zoned for general industrial, which the listing notes supports a variety of uses, including commercial/industrial equipment sales, building material sales, data processing, warehousing, automotive sales, and a distillery.
For tenant and buyer fit, the combination of office space and truck- or van-friendly parking can align well with service and industrial-oriented operations that require both workspace and on-site vehicle storage.
The property is located at 120 Peter Street in Lagrange, Georgia, just outside the heart of Downtown LaGrange, with convenient access to I-85. The site is zoned for general industrial, which the listing notes supports a variety of uses, including commercial/industrial equipment sales, building material sales, data processing, warehousing, automotive sales, and a distillery.
For tenant and buyer fit, the combination of office space and truck- or van-friendly parking can align well with service and industrial-oriented operations that require both workspace and on-site vehicle storage.
Key Highlights
- Zoned for general industrial with allowed uses including commercial/industrial equipment sales, building materials sales, warehousing, and automotive sales
- Gated, secure parking lot with some covered parking for larger vehicles
- Professional office space with central heating and central air cooling
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.1k | $6.86 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $14.9k | $6.37 |
| − OpEx | −$2.2k | −$0.96 |
| NOI | $12.7k | $5.42 |
2,340 SF · lease $6.86/SF/yr · vacancy 7.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$390.9K
$342.0K – $456.1K
NOI $27,363 @ 7.0% cap · market cap 10.95%
Second Best
Warehouse
$181.1K
$158.5K – $211.3K
NOI $12,676 @ 7.0% cap · market cap 5.07%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Professional office space with gated, secure parking and convenient access to I-85 in LaGrange, GA.
Where is this office building located?
The property is located at 120 Peter Street 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: Zoned for general industrial with allowed uses including commercial/industrial equipment sales, building materials sales, warehousing, and automotive sales; Gated, secure parking lot with some covered parking for larger vehicles; Professional office space with central heating and central air cooling
