Downtown Buford Commercial Office
245 W Moreno Street Buford, GA 30518
For Sale
$699,000
Multi-unit building with parking in downtown Buford.
Property Size2,400 SF
Lot Size0.23 Acres
Price / SF$291.25
Days on Market697
Property Features for 245 W Moreno Street
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.23 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1983
Listing Agency:
Heartland Real Estate
(678) 250-5848
Listed By:
Cinthia Bohall · License #358389
(678) 250-5848
Source:
Exitrealty
Added: Aug 30, 2024
Changed: Jul 6
Last Checked: Jul 27 at 3:32AM
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 Heartland Real Estate
Investment Insights
Based on property information with market context.
This commercial office space is located in downtown Buford, just one street south of Main Street, behind the Buford Grill and steps away from Rico's World Kitchen, and across the corner from Main Street Blooms. The free-standing, multi-unit building includes its own parking lot. The building consists of 4 units, each with independent entrances, electric meters, and HVAC systems. Downstairs units A & D have been combined and used as a single unit but could easily be closed/converted and used as two separate units. Two units are currently leased; Unit C is leased to a used auto broker, and Unit B is leased to a renovations company. The City of Buford has approved the construction of a sidewalk on West Moreno Street. A new 256-space parking deck is located on Moreno Street, along with Meander Brewing (soon to open) and Tchin Tchin Coffee. The property size is 2400 square feet.
Key Highlights
- Prime Downtown Buford location, just one street south of Main Street.
- Free‑standing multi‑unit building with its own parking lot.
- Four independent units, each with separate entrances, electric meters, and HVAC systems.
Financial Insights For Office B
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 | $57.3k | $23.87 |
| − Vacancy | −$14.4k | −$6.02 |
| EGI | $42.9k | $17.85 |
| − OpEx | −$10.7k | −$4.46 |
| NOI | $32.1k | $13.39 |
2,400 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$459.1K
$401.7K – $535.7K
NOI $32,139 @ 7.0% cap · market cap 4.60%
Second Best
Retail
$398.3K
$348.5K – $464.7K
NOI $27,881 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$670.9K
$587.0K – $782.7K
NOI $46,962 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Multi-unit building with parking in downtown Buford.
Where is this office units located?
The property is located at 245 W Moreno Street Buford, GA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime Downtown Buford location, just one street south of Main Street.; Free‑standing multi‑unit building with its own parking lot.; Four independent units, each with separate entrances, electric meters, and HVAC systems.
