Converted Co-Working Office
12461 Veterans Memorial Hwy, Douglasville, GA 30134
Co-working office space in Douglasville's Historic Downtown Business District.
Type:Office
Property size:
15,000 SFPrice / SF:
$150/SF- Added:
- Nov 20, 2025
- Days on Market:
- 183
- Last Refresh:
- Mar 17 at 1:18 pm
Property Features for 12461 Veterans Memorial Hwy
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Property subtype
- Office
Listing agent Josh Wolfort License #GA
Listing office Cone Commercial Real Estate
Listing date Nov 20, 2025
Source Crexi
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
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
- Prime location in the Historic Downtown Business District
- Convenient access to I‑20, Atlanta, and Hartsfield‑Jackson International Airport
- Amenities such as controlled access, security system, and property manager enhance tenant appeal
Overview
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.23M
NOI $200,866 @ 9.00% cap · cautious / downside scenario
Moderate
$2.87M
NOI $200,866 @ 7.00% cap · market / base-case scenario
Aggressive
$4.02M
NOI $200,866 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $358.1k | $23.87 |
| − Vacancy | −$90.2k | −$6.02 |
| EGI | $267.8k | $17.85 |
| − OpEx | −$67.0k | −$4.46 |
| NOI | $200.9k | $13.39 |
15,000 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Use Scenarios
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Coworking space
Location Insight
- Map
- Local Demand
- City
- Douglasville
- County
- Douglas
- State
- Georgia
- Longitude
- -84.7795
- Latitude
- 33.7728
Nearby Similar for Sale
FAQs
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
