Freestanding Professional Office
For Sale
$499,000
1651 Thompson Bridge Rd, Gainesville, GA 30501
The property combines private offices, reception space, a kitchen, included furnishings, and a generator.
Property Size1,796 SF
Lot Size0.62 Acres
Price / SF$277.84
Days on Market8
Property Features for 1651 Thompson Bridge Rd
General Information
Standard status
Active
Size
1,796 SF
Lot size
0.62 Acres
Zoning
O-I
Additional Details
Furnished
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,600
Building Details
Buildings
1
Building Size
1,796 SF
Listing Agency:
Keller Williams Lanier Partners
(770) 503-7070
Listed By:
Matt Pruitt
(404) 670-5315
Source:
Exprealty
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 7 at 4:37PM
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 Keller Williams Lanier Partners
Investment Insights
Based on property information with market context.
This freestanding Gainesville office property contains approximately 1,796 square feet on a 0.62-acre parcel. Its layout includes five offices, a reception room, a full kitchen, and 1.5 bathrooms. Office furniture and a generator are part of the sale. The property is zoned O-I Office Institutional; any proposed use remains subject to zoning approval.
At 1651 Thompson Bridge Rd, the building is positioned along Thompson Bridge Road, with access to downtown Gainesville and nearby restaurants, banks, and shopping. The existing room configuration offers a range of spaces for professional office operations.
At 1651 Thompson Bridge Rd, the building is positioned along Thompson Bridge Road, with access to downtown Gainesville and nearby restaurants, banks, and shopping. The existing room configuration offers a range of spaces for professional office operations.
Key Highlights
- Approximately 1,796 square feet on 0.62 acre
- Five offices, reception room, full kitchen, and 1.5 bathrooms
- Office furniture and a generator included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,060
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,200
$481.2K
Cap Rate 7%
$343,714
$343.7K
Cap Rate 9%
$267,333
$267.3K
Market Conditions
NOI Build-Up for 1,796 SF
Gross rent
$42.9K $23.88/SF
− Vacancy
−$10.8K −$6.02/SF
EGI
$32.1K $17.86/SF
− OpEx
−$8.0K −$4.47/SF
NOI
$24.1K $13.40/SF
Area
Hall County, GA
Vacancy
25.20%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,200
Cap Rate 7%
$343,714
Cap Rate 9%
$267,333
Alternative Uses
Best Use
Office B
$343.7K
$300.8K – $401.0K
NOI $24,060 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.0K
$440.1K – $586.8K
NOI $35,208 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 30501, GA
29,779
Population
12,916
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
71%
High-School Grad
21.9 sq mi
ZIP Area
1,360
Density / Sq Mi
$58,214
Median Household Income
$33,299
Median Earnings
$1,152
Median Rent
$249,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 building - The property combines private offices, reception space, a kitchen, included furnishings, and a generator.
Where is this office building located?
The property is located at 1651 Thompson Bridge Rd Gainesville, GA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 1,796 square feet on 0.62 acre; Five offices, reception room, full kitchen, and 1.5 bathrooms; Office furniture and a generator included in the sale
