Modern Office Space in Professional
For Sale
$854,000
2053 Experiment Station Road, Watkinsville, GA 30677
Brand-new 3,700-square-foot office space with 12-foot ceilings and abundant natural light in a professional center near Publix.
Property Size3,700 SF
Price / SF$230.81
Days on Market580
Property Features for 2053 Experiment Station Road
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Office
Additional Details
Clear Height
12 ft
Amenities
3
Sidewalks. Curbs Walk, Asphalt.
Building Details
Year Built
2025
Listing Agency:
Georgia Home Partners Realty
(706) 614-3043
Listed By:
Danielle Grier · License #359041
(706) 424-2568
Source:
Xome
Added: Feb 6, 2025
Changed: Sep 1
Last Checked: Sep 8 at 3:51AM
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 Georgia Home Partners Realty
Investment Insights
Based on property information with market context.
This brand-new commercial office space is offered for sale within Building 1000 at 2053 Experiment Station Road. The available space is finished and move-in ready, featuring 12-foot ceilings and abundant natural light, designed to support a modern, professional work environment.
The property is located in Butler’s Crossing Professional Center and is adjacent to the Publix-anchored Butler’s Crossing Shopping Center. Ample parking is available for convenient access, with proximity to national retailers and restaurants.
As presented, this is a turnkey office option for an organization seeking contemporary finishes and a bright interior setting within an established retail-adjacent professional center.
The property is located in Butler’s Crossing Professional Center and is adjacent to the Publix-anchored Butler’s Crossing Shopping Center. Ample parking is available for convenient access, with proximity to national retailers and restaurants.
As presented, this is a turnkey office option for an organization seeking contemporary finishes and a bright interior setting within an established retail-adjacent professional center.
Key Highlights
- Brand‑new 3,700‑square‑foot commercial office space built in 2024
- 12‑foot ceilings and abundant natural light
- Move‑in‑ready office space with high‑end finishes
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
$47,892
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
5.61%
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%
$957,840
$957.8K
Cap Rate 7%
$684,171
$684.2K
Cap Rate 9%
$532,133
$532.1K
Market Conditions
NOI Build-Up for 3,700 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
$79.9K $21.60/SF
− Vacancy
−$16.1K −$4.34/SF
EGI
$63.9K $17.26/SF
− OpEx
−$16.0K −$4.31/SF
NOI
$47.9K $12.94/SF
Area
Oconee County, GA
Vacancy
20.10%
Lease Rate
$21.60 /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%
$957,840
Cap Rate 7%
$684,171
Cap Rate 9%
$532,133
Alternative Uses
Best Use
Office B
$684.2K
$598.7K – $798.2K
NOI $47,892 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$892.0K
$780.5K – $1.04M
NOI $62,437 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 30677, GA
20,579
Population
7,797
Households
2.6
Avg Household Size
41
Median Age
55%
College-Educated
97%
High-School Grad
122.2 sq mi
ZIP Area
168
Density / Sq Mi
$103,165
Median Household Income
$49,399
Median Earnings
$1,403
Median Rent
$394,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Brand-new 3,700-square-foot office space with 12-foot ceilings and abundant natural light in a professional center near Publix.
Where is this office units located?
The property is located at 2053 Experiment Station Road Watkinsville, GA.
What is the asking price?
The asking price for this property is $854,000.
What are key features of this property?
This property features: Brand‑new 3,700‑square‑foot commercial office space built in 2024; 12‑foot ceilings and abundant natural light; Move‑in‑ready office space with high‑end finishes
