Office Building with Detached
New
For Sale
$690,000
183 Scott Rd, Canton, GA 30115
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 Market1
Property Features for 183 Scott Rd
General Information
Standard status
Active
Size
1,700 SF
Building Details
Year Built
1943
Listing Agency:
Berkshire Hathaway HomeServices Georgia Properties
Listed By:
Tracy Buchner · License #423721
Source:
Annakintown
Added: Sep 26
Last Checked: Sep 26 at 3:16PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,765
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,300
$455.3K
Cap Rate 7%
$325,214
$325.2K
Cap Rate 9%
$252,944
$252.9K
Market Conditions
NOI Build-Up for 1,700 SF
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.
Gross rent
$40.6K $23.87/SF
− Vacancy
−$10.2K −$6.02/SF
EGI
$30.4K $17.85/SF
− OpEx
−$7.6K −$4.46/SF
NOI
$22.8K $13.39/SF
Area
Cherokee County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,300
Cap Rate 7%
$325,214
Cap Rate 9%
$252,944
Alternative Uses
Best Use
Office B
$325.2K
$284.6K – $379.4K
NOI $22,765 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$477.4K
$417.7K – $556.9K
NOI $33,415 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
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
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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
