Office Building with Detached
183 Scott Rd, Canton, GA 30115
For Sale
$690,000
An OI-zoned office property offers private work areas, a full kitchen, and a separate garage for parking or storage.
Property Size1,700 SF
Price / SF$405.88
Days on Market47
Property Features for 183 Scott Rd
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Georgia Properties
Listed By:
Tracy Buchner · License GA #423721
Source:
Annakintown
Added: Sep 26
Changed: Oct 26
Last Checked: Oct 7 at 2:54PM
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 Berkshire Hathaway HomeServices Georgia Properties
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Investment Insights
Based on property information with market context.
This 1,700-square-foot office property, built in 1943, has 3 to 4 offices, a reception area, a full kitchen, three bathrooms, and a large storage closet. High ceilings, natural light, recessed lighting, and hardwood floors complement the interior. The layout can accommodate 7 to 10 employees, with room for a conference table and meetings. The site occupies slightly less than an acre of landscaped grounds and includes a detached two-car garage. The parking area holds 7 to 10 vehicles.
Zoned OI, the property provides access to Interstate 575 and is near Northside Hospital, shopping, restaurants, and Downtown Canton.
Zoned OI, the property provides access to Interstate 575 and is near Northside Hospital, shopping, restaurants, and Downtown Canton.
Key Highlights
- 1,700 SF office property on slightly under an acre
- OI zoning
- 3 to 4 offices, reception area, full kitchen, 3 bathrooms, and large storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,641
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,820
$592.8K
Cap Rate 7%
$423,443
$423.4K
Cap Rate 9%
$329,344
$329.3K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$52.8K $31.08/SF
− Vacancy
−$13.3K −$7.83/SF
EGI
$39.5K $23.25/SF
− OpEx
−$9.9K −$5.81/SF
NOI
$29.6K $17.44/SF
Area
Cherokee County, GA
Vacancy
25.20%
Lease Rate
$31.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,820
Cap Rate 7%
$423,443
Cap Rate 9%
$329,344
Alternative Uses
Best Use
Office B
$423.4K
$370.5K – $494.0K
NOI $29,641 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.1K
$416.6K – $555.4K
NOI $33,326 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
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Business Placement
Demographics for 30115, GA
49,804
Population
19,016
Households
2.6
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
73.2 sq mi
ZIP Area
680
Density / Sq Mi
$113,346
Median Household Income
$49,893
Median Earnings
$1,739
Median Rent
$439,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - An OI-zoned office property offers private work areas, a full kitchen, and a separate garage for parking or storage.
Where is this office building located?
The property is located at 183 Scott Rd Canton, GA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 1,700 SF office property on slightly under an acre; OI zoning; 3 to 4 offices, reception area, full kitchen, 3 bathrooms, and large storage closet
