Freestanding Building in Suwanee
For Sale
$425,000
851 Eva Kennedy Rd, Suwanee, GA 30024
Single-level, all-brick building with excellent visibility and convenient access.
Property Size1,083 SF
Price / SF$392.43
Days on Market204
Property Features for 851 Eva Kennedy Rd
General Information
Standard status
Active
Size
1,083 SF
Building Details
Year Built
1979
Listing Agency:
Atlanta Communities
Listed By:
Elena Corbett
(678) 467-1687
Source:
Brockteam
Added: Mar 5
Changed: Sep 24
Last Checked: Sep 24 at 12:05PM
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 Atlanta Communities
Investment Insights
Based on property information with market context.
This freestanding, single-level, all-brick building is located in the heart of Suwanee, offering excellent visibility and convenient access to Medlock Bridge/Peachtree Industrial Rd. The location is surrounded by established residential communities and thriving commercial growth, providing strong demographics and easy access for staff and clients. The interior has been updated and features a conference room, three dedicated business offices with furnishings, and a staff kitchen and bathroom, both equipped with cabinetry. Previously used by a restoration contractor company, the property could be converted to medical office use, or a variety of professional and service-based uses. The property offers a wide private driveway, ample parking in the back of the building, an outbuilding for additional storage, and road frontage with approved signage on Eva Kennedy Rd.
Key Highlights
- Excellent visibility and convenient access to major roads (Medlock Bridge/Peachtree Industrial Rd).
- Freestanding, single‑level, all‑brick building.
- Updated interior with conference room, three furnished offices, kitchen, and bathroom.
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
$14,503
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
3.41%
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%
$290,060
$290.1K
Cap Rate 7%
$207,186
$207.2K
Cap Rate 9%
$161,144
$161.1K
Market Conditions
NOI Build-Up for 1,083 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
$25.9K $23.87/SF
− Vacancy
−$6.5K −$6.02/SF
EGI
$19.3K $17.85/SF
− OpEx
−$4.8K −$4.46/SF
NOI
$14.5K $13.39/SF
Area
Gwinnett 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%
$290,060
Cap Rate 7%
$207,186
Cap Rate 9%
$161,144
Alternative Uses
Best Use
Office B
$207.2K
$181.3K – $241.7K
NOI $14,503 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.7K
$264.9K – $353.2K
NOI $21,192 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
Explore this area
Business Placement
Demographics for 30024, GA
87,115
Population
29,306
Households
3
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
41.7 sq mi
ZIP Area
2,089
Density / Sq Mi
$139,918
Median Household Income
$60,932
Median Earnings
$1,872
Median Rent
$491,400
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
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Frequently Asked Questions
What type of property is this?
Office building - Single-level, all-brick building with excellent visibility and convenient access.
Where is this office building located?
The property is located at 851 Eva Kennedy Rd Suwanee, GA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Excellent visibility and convenient access to major roads (Medlock Bridge/Peachtree Industrial Rd).; Freestanding, single‑level, all‑brick building.; Updated interior with **conference room, three furnished offices, kitchen, and bathroom.**
