Converted Co-Working Office
For Sale
Contact for pricing
12461 Veterans Memorial Hwy, Douglasville, GA 30134
Co-working office space in Douglasville's Historic Downtown Business District.
Property Size15,000 SF
Price / SF$150
Days on Market276
Property Features for 12461 Veterans Memorial Hwy
General Information
Standard status
Active
Size
15,000 SF
Class
A
Property subtype
Office
Zoning
CBD
Occupancy
100%
Investment Type
Stabilized
Building Details
Buildings
2
Stories
2
Listing Agency:
Cone Commercial Real Estate
Listed By:
Josh Wolfort · License #GA
Source:
Crexi
Added: Nov 20, 2025
Changed: Aug 8
Last Checked: Jul 20 at 5:59AM
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 Cone Commercial Real Estate
Investment Insights
Based on property information with market context.
Station Loft Works is a converted co-working office space located in Douglasville, Georgia, serving as a business hub for professionals, entrepreneurs, start-ups, and small businesses. The premises features 74 individual offices and an additional approximately 1,000-square-foot separate building. The property includes conference rooms and $75,000 worth of furniture. Amenities include controlled access fenced lot, high ceilings, natural light, partitioned offices, property manager, reception area, and a security system. Situated in the Historic Downtown Business District, Station Loft Works is conveniently located within walking distance of the new Town Green and Amphitheater, Chamber of Commerce, City Hall, Douglasville Convention Center, and various restaurants and retail offerings. The property is strategically located near I-20, Atlanta, and Hartsfield-Jackson International Airport. The property size is 15,000 square feet.
Key Highlights
- Converted Co‑Working Office Space with 74 individual offices
- Includes $75,000 worth of furniture
- Additional +-1,000 SF separate building offers expansion possibilities
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
$200,866
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
8.93%
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%
$4,017,320
$4.0M
Cap Rate 7%
$2,869,514
$2.9M
Cap Rate 9%
$2,231,844
$2.2M
Market Conditions
NOI Build-Up for 15,000 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
$358.1K $23.87/SF
− Vacancy
−$90.2K −$6.02/SF
EGI
$267.8K $17.85/SF
− OpEx
−$67.0K −$4.46/SF
NOI
$200.9K $13.39/SF
Area
Douglas 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%
$4,017,320
Cap Rate 7%
$2,869,514
Cap Rate 9%
$2,231,844
Alternative Uses
Best Use
Office B
$2.87M
$2.51M – $3.35M
NOI $200,866 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,515 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 30134, GA
46,874
Population
17,233
Households
2.7
Avg Household Size
35
Median Age
25%
College-Educated
90%
High-School Grad
52.1 sq mi
ZIP Area
900
Density / Sq Mi
$73,699
Median Household Income
$40,753
Median Earnings
$1,272
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Coworking space - Co-working office space in Douglasville's Historic Downtown Business District.
Where is this coworking space located?
The property is located at 12461 Veterans Memorial Hwy Douglasville, GA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Converted Co‑Working Office Space with **74 individual offices**; Includes **$75,000 worth of furniture**; Additional +-1,000 SF separate building offers expansion possibilities
