Single-Tenant Office
For Sale
$725,500
1400b-1551 Jennings Mill Rd, Watkinsville, GA 30677
Class B professional office unit arranged across three levels with natural light and flexible layouts.
Property Size3,200 SF
Price / SF$226.72
Days on Market70
Property Features for 1400b-1551 Jennings Mill Rd
General Information
Standard status
Active
Size
3,200 SF
Class
Class B
Occupancy
100%
Net Operating Income
$50,784
Financials
Asking Price
$725,500
Cap Rate
7%
Additional Details
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
UC Premier Properties
(833) 886-5263
Listed By:
Jacob Blickenstaff · License #384940
(404) 281-5002
Source:
Exprealty
Added: Aug 4
Changed: Oct 8
Last Checked: Oct 11 at 7:55AM
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.
Unit 1400B is a 3,200 SF Class B professional office property configured across three levels. The lower level contains 1,200 SF, while the main and second floors provide a combined 2,000 SF. The interior includes flexible layouts, modern finishes, and ample natural light. The property is fully leased to one tenant under an approximately 4.5-year remaining term on a 5-year lease, with 4% annual rent escalations built into the agreement.
Located at 1551 Jennings Mill Rd in Watkinsville, the office is positioned near Epps Bridge Parkway, GA 316, and downtown Athens. The surrounding area includes retail, dining, and residential development in Oconee County. The property is offered as a single-tenant office investment with an established lease in place.
Located at 1551 Jennings Mill Rd in Watkinsville, the office is positioned near Epps Bridge Parkway, GA 316, and downtown Athens. The surrounding area includes retail, dining, and residential development in Oconee County. The property is offered as a single-tenant office investment with an established lease in place.
Key Highlights
- 3,200 SF Class B professional office unit
- Three‑level configuration includes 1,200 SF lower level and 2,000 SF across main and second floors
- 100% leased to a single tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,420
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,400
$828.4K
Cap Rate 7%
$591,714
$591.7K
Cap Rate 9%
$460,222
$460.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$69.1K $21.60/SF
− Vacancy
−$13.9K −$4.34/SF
EGI
$55.2K $17.26/SF
− OpEx
−$13.8K −$4.31/SF
NOI
$41.4K $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 Rate 5%
$828,400
Cap Rate 7%
$591,714
Cap Rate 9%
$460,222
Alternative Uses
Best Use
Office B
$591.7K
$517.8K – $690.3K
NOI $41,420 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$771.4K
$675.0K – $900.0K
NOI $54,000 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
416
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
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Frequently Asked Questions
What type of property is this?
Office units - Class B professional office unit arranged across three levels with natural light and flexible layouts.
Where is this office units located?
The property is located at 1400b-1551 Jennings Mill Rd Watkinsville, GA.
What is the asking price?
The asking price for this property is $725,500.
What are key features of this property?
This property features: 3,200 SF Class B professional office unit; Three‑level configuration includes 1,200 SF lower level and 2,000 SF across main and second floors; 100% leased to a single tenant
