Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    122 3Rd Ave Chatsworth, GA 30705

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $465,000

    Completely renovated office complex, ideal for multiple types of business.

    Property size:
    3,102 SF
    Lot size:
    0.08 Acres

    Property Features for 122 3Rd Ave

    General Information

    Standard status
    Active
    Size
    3,102 SF
    Lot size
    0.08 Acres

    We can help!

    Listing Contact
    Mary Weaver
    Mary Weaver
    Source: Exitrealty

    Listing Agency: Coldwell Banker Kinard Realty - Dalton Listing Agent: Mary Weaver

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Office Complex Near Courthouse

    Located across from the Murray County Court House, 122 Business Center is a renovated office complex suitable for multiple types of businesses. The property features a new roof with a 20-year warranty, high-end waterproof LVP flooring with a 10-year commercial warranty, and new Rheem HVAC units (5-ton and 3-ton) with digital WiFi-capable thermostats. Energy-efficient custom front windows, renovated bathrooms, custom cabinets, river stone quartz countertops with undermount stainless steel sinks, and a new hot water heater are included. The property also has a new PVC tile ceiling, a newly built back entrance with a deck and stairs, new metal awnings on the front and back, fresh paint throughout, new LED lighting, and new keyless entry locks on office doors, along with new exterior lighting on the back of the building. The property size is 3102 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chatsworth
    County
    Murray
    State
    Georgia
    Longitude
    -84.769276
    Latitude
    34.766971

    Nearby Similar for Sale

    • $425,000
      1,190 SF

      Chatsworth Commercial Opportunity

      Versatile commercial property in a growing Chatsworth location.
      806 3Rd Avenue Ext, Chatsworth, GA 30705
      View Details
    • $425,000
      1,190 SF

      Chatsworth Commercial Opportunity For Sale

      Versatile commercial property in a growing area with high visibility.
      806 N 3Rd Ave, Chatsworth, GA 30705
      View Details
    • New
      $372,500
      1,450 SF

      Renovated Commercial Buildings in Chatsworth

      Two renovated commercial buildings in downtown Chatsworth, Georgia.
      110//114 Market St, Chatsworth, GA 30705
      View Details
    • $595,000
      1,851 SF

      Restaurant Opportunity in Chatsworth, GA

      Restaurant space for sale in a prime location.
      612 S 3Rd Ave, Chatsworth, GA 30705
      View Details
    • $179,995
      1,600 SF

      Chatsworth Commercial Space For Sale

      Versatile commercial space suitable for office or retail use.
      121 Murray Plz, Chatsworth, GA 30705
      View Details
    • $159,995
      1,080 SF

      Chatsworth Commercial Investment Opportunity

      Versatile commercial space suitable for office or retail use.
      117 Murray Plz, Chatsworth, GA 30705
      View Details
    • Contact for pricing
      2,856 SF

      Automotive Service Center For Lease

      2,800+ SF commercial service facility, automotive-ready with equipment.
      106 S 3Rd Ave, Chatsworth, GA 30705
      View Details
    • Contact for pricing
      3,102 SF

      Renovated Office Complex For Sale

      Completely renovated office complex, ideal for multiple types of business.
      122 N 3Rd Ave, Chatsworth, GA 30705
      View Details
    • Contact for pricing
      1,190 SF

      Chatsworth Commercial Property For Lease

      Versatile commercial property in a growing area with high visibility.
      806 3Rd Avenue Ext, Chatsworth, GA 30705
      View Details
    • Contact for pricing
      1,190 SF

      Versatile Commercial Property in Chatsworth

      High-visibility commercial property suitable for retail, office, or restaurant.
      806 N 3Rd Ave, Chatsworth, GA 30705
      View Details
    • $220,000
      6,270 SF

      CHATSWORTH Mixed-Use Commercial Building

      High-visibility commercial property with flexible space in downtown CHATSWORTH.
      221 N 3Rd Ave, Chatsworth, GA 30705
      View Details
    • $465,000
      3,102 SF

      Renovated Office Complex For Sale

      Completely renovated office complex in ideal location, suitable for businesses.
      122 N 3Rd Ave, Chatsworth, GA 30705
      View Details

    FAQs

    What type of property is this?
    Office building - Completely renovated office complex, ideal for multiple types of business.
    Where is this office building located?
    The property is located at 122 3Rd Ave Chatsworth, GA.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: - Perfect location across from Murray County Court House.; - **Completely renovated high-end office complex.**; - New roof with a 20-year warranty.
    (706) 260-0344
    Request Owner's contact information
    122 3Rd Ave Chatsworth, GA 30705
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    122 3Rd Ave
    Chatsworth, GA 30705
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    122 3Rd Ave Chatsworth, GA 30705
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mary Weaver
    Mary Weaver
    Real Estate License ID: 131933
    (706) 260-0344 (706) 226-5182
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!