Two-Story Office
For Sale
$799,000
137 Lee Byrd Rd, Loganville, GA 30052
Two connected office units offer reception, private offices, conference rooms, kitchen space, and multiple bathrooms near Hwy 78.
Property Size1,950 SF
Price / SF$409.74
Days on Market42
Property Features for 137 Lee Byrd Rd
General Information
Standard status
Active
Size
1,950 SF
Additional Details
Highway Access
Yes
Office Units
2
Amenities
Reception Area
Conference Room
Tiled Entry Foyer
Kitchen with Granite Counter tops
eat-in area
Crown Molding
Hardwood/Tile floors
Large Wide Staircase
Vaulted foyer
Building Details
Year Built
2001
Stories
2
Listing Agency:
Royal Realty
(678) 481-7110
Listed By:
SAM T SAMUEL · License #214002
Source:
Eternorealtygroup
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 4:29AM
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 Royal Realty
Investment Insights
Based on property information with market context.
This office property comprises two units, 137 and 139, in a two-story condominium building constructed in 2001. The main level includes a reception area with a glass window, six offices, four bathrooms, a tiled entry foyer, a kitchen with granite countertops and an eat-in area, plus hardwood and tile flooring. A wide staircase connects the levels, and crown molding adds finished interior detail.
The upper floor contains two large conference rooms and a vaulted foyer. The property is located near Hwy 78, providing a recognized regional access point for office users and visitors.
The upper floor contains two large conference rooms and a vaulted foyer. The property is located near Hwy 78, providing a recognized regional access point for office users and visitors.
Key Highlights
- Two connected office units identified as 137 and 139
- Two‑story office condominium built in 2001
- Main level includes 6 offices and 4 bathrooms
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
$26,113
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
3.27%
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%
$522,260
$522.3K
Cap Rate 7%
$373,043
$373.0K
Cap Rate 9%
$290,144
$290.1K
Market Conditions
NOI Build-Up for 1,950 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
$46.5K $23.87/SF
− Vacancy
−$11.7K −$6.02/SF
EGI
$34.8K $17.85/SF
− OpEx
−$8.7K −$4.46/SF
NOI
$26.1K $13.39/SF
Area
Walton 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%
$522,260
Cap Rate 7%
$373,043
Cap Rate 9%
$290,144
Alternative Uses
Best Use
Office B
$373.0K
$326.4K – $435.2K
NOI $26,113 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$547.6K
$479.1K – $638.8K
NOI $38,329 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 30052, GA
74,442
Population
26,768
Households
2.8
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
88.9 sq mi
ZIP Area
837
Density / Sq Mi
$90,567
Median Household Income
$43,034
Median Earnings
$1,749
Median Rent
$325,200
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?
Office units - Two connected office units offer reception, private offices, conference rooms, kitchen space, and multiple bathrooms near Hwy 78.
Where is this office units located?
The property is located at 137 Lee Byrd Rd Loganville, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two connected office units identified as 137 and 139; Two‑story office condominium built in 2001; Main level includes 6 offices and 4 bathrooms
