Three-Level Professional Office
New
For Sale
$725,500
1551 Jennings Mill Rd, Watkinsville, GA 30677
SINGLE_FAMILY - Watkinsville, GA
Property Size3,200 SF
Lot Size0.03 Acres
Price / SF$226.72
Days on Market6
Property Features for 1551 Jennings Mill Rd
General Information
Property type
Residential
Property subtype
Office
Parking
4
Appliances
Electric Water Heater
Directions
Resource Valley office complex. Pull into the complex off Jennings Mill Rd, take an immediate left until it dead ends, then take a left. Building is on your right, unit 1400B.
Standard status
Active
APN
C 01P 014B
Size
3,200 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
x
HOA Fee
$1,134 Monthly
Legal Description
x
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1998
Floors in Building
3
Building materials
Brick
Listing Agency:
Virtual Properties Realty
(770) 495-5050
Listed By:
Jacob Blickenstaff · License #384940
(404) 281-5002
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 5 at 10:06PM
MLS# CL361905
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,200-square-foot Class B office unit occupies three levels, with 1,200 square feet on the lower level and 2,000 square feet across the main and second floors. The brick-built property dates to 1998 and offers adaptable layouts, contemporary finishes, and substantial natural light. Central electric heating and cooling, a public water supply, and septic service are in place.
The unit is located at 1551 Jennings Mill Rd in Watkinsville, near Epps Bridge Parkway, GA 316, and downtown Athens. Its position along Jennings Mill Road provides access to established retail, dining, and residential areas in Oconee County.
The property is 100% leased to a single tenant, with approximately 4.5 years remaining on a 5-year lease. The agreement includes 4% annual rent escalations, while the tenant reimburses TICAM and utilities.
The unit is located at 1551 Jennings Mill Rd in Watkinsville, near Epps Bridge Parkway, GA 316, and downtown Athens. Its position along Jennings Mill Road provides access to established retail, dining, and residential areas in Oconee County.
The property is 100% leased to a single tenant, with approximately 4.5 years remaining on a 5-year lease. The agreement includes 4% annual rent escalations, while the tenant reimburses TICAM and utilities.
Key Highlights
- 3,200 SF office unit spanning three levels
- 1,200 SF lower level plus 2,000 SF across the main and second floors
- 100% leased to a single tenant
Financial Insights For Office B
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 | $69.1k | $21.60 |
| − Vacancy | −$13.9k | −$4.34 |
| EGI | $55.2k | $17.26 |
| − OpEx | −$13.8k | −$4.31 |
| NOI | $41.4k | $12.94 |
3,200 SF · lease $21.60/SF/yr · vacancy 20.10% · expense 25.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
741
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 - Class B office space is fully leased to one tenant and includes flexible layouts with natural light.
Where is this office units located?
The property is located at 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 office unit spanning three levels; 1,200 SF lower level plus 2,000 SF across the main and second floors; 100% leased to a single tenant
