Professional Office Suites in Class
1551 Jennings Mill #1400 B Watkinsville, GA 30677
1551 Jennings Mill #1400 B, Watkinsville, GA, 30677
$635,200
For Sale
$635,200
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 Market126
Property Features for 1551 Jennings Mill #1400 B
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1998
Listing agency
VIRTUAL PROPERTIES REALTY
(770) 495-5050
Listed by
JACOB BLICKENSTAFF · License #384940
Source
Corcoran
Added: Mar 19 Updated: Jul 20 at 9:07PM Checked: Jul 22 at 8:06AM
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
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.
Local 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
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FAQs
What type of property is this?
Office units - Two office suites in a three-story Class B building with flexible floor plans and ample surface parking.
Where is this office units 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.
