Single-Story Office
New
For Sale
$285,000
207 South Belair Road, Martinez, GA 30907
One-story commercial structure with PDD zoning supporting multiple professional and personal-service uses.
Property Size1,250 SF
Days on Market7
Property Features for 207 South Belair Road
General Information
Standard status
Active
Size
1,250 SF
Class
B
Property subtype
Office
Zoning
PDD
Site & Location
Traffic Count
33,500 vehicles/day
Road Access
Yes
Building Details
Building Size
1,250 SF
Year Built
1969
Buildings
1
Stories
1
Listing Agency:
Sherman & Hemstreet Real Estate Co.
Listed By:
Chris Farrow · License #303817
(706) 288-1076
Source:
Shermanandhemstreet
Added: Sep 9
Last Checked: Sep 15 at 6:17AM
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 Sherman & Hemstreet Real Estate Co.
Investment Insights
Based on property information with market context.
Built in 1969, this one-story commercial structure is classified as an office unit and offers a straightforward footprint for office-oriented occupancy. PDD zoning supports professional uses that include medical and general office operations, personal services, beauty salons, hair salons, and nail salons.
The property is located at 207 South Belair Road in Martinez, Georgia, along a heavily traveled commercial corridor. Belair Road records more than 33,500 cars per day, providing substantial exposure for an office or service-oriented operation. The surrounding area is identified as experiencing commercial growth, adding to the property's corridor context.
The property is located at 207 South Belair Road in Martinez, Georgia, along a heavily traveled commercial corridor. Belair Road records more than 33,500 cars per day, providing substantial exposure for an office or service-oriented operation. The surrounding area is identified as experiencing commercial growth, adding to the property's corridor context.
Key Highlights
- PDD zoning permits medical offices, professional offices, and personal services
- One‑story structure constructed in 1969
- Belair Road exposure with traffic exceeding 33,500 cars per day
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
$19,125
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
6.71%
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%
$382,500
$382.5K
Cap Rate 7%
$273,214
$273.2K
Cap Rate 9%
$212,500
$212.5K
Market Conditions
NOI Build-Up for 1,250 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
$30.0K $24.00/SF
− Vacancy
−$4.5K −$3.60/SF
EGI
$25.5K $20.40/SF
− OpEx
−$6.4K −$5.10/SF
NOI
$19.1K $15.30/SF
Area
Columbia County, GA
Vacancy
15.00%
Lease Rate
$24.00 /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%
$382,500
Cap Rate 7%
$273,214
Cap Rate 9%
$212,500
Alternative Uses
Best Use
Office B
$273.2K
$239.1K – $318.8K
NOI $19,125 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.5K
$345.2K – $460.3K
NOI $27,618 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
33,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 30907, GA
50,964
Population
22,219
Households
2.3
Avg Household Size
39
Median Age
39%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
2,115
Density / Sq Mi
$83,349
Median Household Income
$45,692
Median Earnings
$1,211
Median Rent
$232,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - One-story commercial structure with PDD zoning supporting multiple professional and personal-service uses.
Where is this office units located?
The property is located at 207 South Belair Road Martinez, GA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: PDD zoning permits medical offices, professional offices, and personal services; One‑story structure constructed in 1969; Belair Road exposure with traffic exceeding 33,500 cars per day
