Professional Office Suites in Class
For Sale
$635,200
1551 Jennings Mill #1400 B, Watkinsville, GA 30677
Two office suites in a three-story Class B building with flexible floor plans and ample surface parking.
Property Size3,200 SF
Price / SF$198.50
Days on Market217
Property Features for 1551 Jennings Mill #1400 B
General Information
Standard status
Active
Size
3,200 SF
Class
B
Property subtype
Commercial
Additional Details
Office Units
2
Amenities
Central air
Central Air Cooling
Composition Roof
Electric Heating
Heating Heating
Building Details
Year Built
1998
Stories
3
Tenancy
Multi
Listing Agency:
VIRTUAL PROPERTIES REALTY
Listed By:
JACOB BLICKENSTAFF · License #384940
(770) 495-5050
Source:
Corcoran
Added: Mar 19
Changed: Oct 8
Last Checked: Oct 20 at 8:29PM
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 VIRTUAL PROPERTIES REALTY
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Investment Insights
Based on property information with market context.
Suite 1400B offers two professional office suites within a three-story Class B office building. The available layouts provide flexible floor plans, combining open work areas with private offices to support a range of day-to-day workflows. The building includes modern finishes and professional curb appeal.
The property is located at 1551 Jennings Mill Rd in Watkinsville, GA, in the heart of Oconee County. It is served by ample surface parking and is presented as a highly accessible option for clients and employees.
The lower-level suite is offered with 1,200 SF of space, and the main upper-level suite provides 2,000 SF, for a total listed size of 3,200 SF across the two suites.
The property is located at 1551 Jennings Mill Rd in Watkinsville, GA, in the heart of Oconee County. It is served by ample surface parking and is presented as a highly accessible option for clients and employees.
The lower-level suite is offered with 1,200 SF of space, and the main upper-level suite provides 2,000 SF, for a total listed size of 3,200 SF across the two suites.
Key Highlights
- Built in 1998, this three‑story Class B office building offers two professional office suites.
- Suite 1400B includes 2,000 SF on the main upper level with flexible floor plan options.
- Additional suite space includes 1,200 SF on the lower level with flexible floor plan options.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,472
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,440
$829.4K
Cap Rate 7%
$592,457
$592.5K
Cap Rate 9%
$460,800
$460.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$76.8K $24.00/SF
− Vacancy
−$7.7K −$2.40/SF
EGI
$69.1K $21.60/SF
− OpEx
−$27.6K −$8.64/SF
NOI
$41.5K $12.96/SF
Area
Oconee County, GA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,440
Cap Rate 7%
$592,457
Cap Rate 9%
$460,800
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2
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
Frequently Asked Questions
What type of property is this?
Office unit - Two office suites in a three-story Class B building with flexible floor plans and ample surface parking.
Where is this office unit located?
The property is located at 1551 Jennings Mill #1400 B 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: Built in 1998, this three‑story Class B office building offers two professional office suites.; Suite 1400B includes 2,000 SF on the main upper level with flexible floor plan options.; Additional suite space includes 1,200 SF on the lower level with flexible floor plan options.
