Two-Story Office
1400-b-1551 Jennings Mill Rd Watkinsville, GA 30677
For Sale
$635,200
Two professional office suites are available in a three-story Class B office building with surface parking.
Property Size3,200 SF
Price / SF$198.50
Days on Market127
Property Features for 1400-b-1551 Jennings Mill Rd
General Information
- Standard status
- Active
- Size
- 3,200 SF
Listing Agency:
UC Premier Properties
(404) 281-5002
Listed By:
Jacob Blickenstaff · License #384940
(404) 281-5002
Source:
Exprealty
Added: Mar 19
Changed: Jul 23
Last Checked: Jul 23 at 4:50AM
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 UC Premier Properties
Investment Insights
Based on property information with market context.
Two professional office suites are offered within a three-story Class B office building at 1551 Jennings Mill Rd. The available flexible layouts include one suite on the lower level and additional space across the main and upper levels, each designed to balance open work areas with private offices.
The property is presented as a functional office option with ample surface parking and modern finishes, intended to serve both clients and employees.
Suites are configured to accommodate a range of professional office needs, supported by the building’s multi-level layout and on-site parking.
The property is presented as a functional office option with ample surface parking and modern finishes, intended to serve both clients and employees.
Suites are configured to accommodate a range of professional office needs, supported by the building’s multi-level layout and on-site parking.
Key Highlights
- Two professional office suites in a three‑story Class B office building
- Suite size options include 1,200 SF on the lower level and 2,000 SF on the main & upper level
- Flexible floor plans designed for professional services, medical practices, or growing businesses
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.8k | $24.00 |
| − Vacancy | −$7.7k | −$2.40 |
| EGI | $69.1k | $21.60 |
| − OpEx | −$27.6k | −$8.64 |
| NOI | $41.5k | $12.96 |
3,200 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$592.5K
$518.4K – $691.2K
NOI $41,472 @ 7.0% cap · market cap 6.53%
Second Best
Office B
$591.7K
$517.8K – $690.3K
NOI $41,420 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$771.4K
$675.0K – $900.0K
NOI $54,000 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Two professional office suites are available in a three-story Class B office building with surface parking.
Where is this office units located?
The property is located at 1400-b-1551 Jennings Mill Rd Watkinsville, GA.
What is the asking price?
The asking price for this property is $635,200.
What are key features of this property?
This property features: Two professional office suites in a three‑story Class B office building; Suite size options include 1,200 SF on the lower level and 2,000 SF on the main & upper level; Flexible floor plans designed for professional services, medical practices, or growing businesses
