Freestanding Office
New
For Sale
$540,000
1929 Old Salem Road SE, Conyers, GA 30013
Commercial Sale, Conyers, GA
Property Size2,600 SF
Lot Size0.59 Acres
Price / SF$207.69
Days on Market2
Property Features for 1929 Old Salem Road SE
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
12
Parking features
Parking Lot
Security features
Security
Lot features
Corner Lot
Directions
from Atlanta, Follow I-20 E to GA-138 W/GA-20 W/Hwy 138 SE in Rockdale County. Take exit 82 from I-20 W, then 1st left is Old Salem Rd SE; the location is on the corner of Old Salem Rd and Flat Shoals Rd.
Special listing conditions
Real Estate Owned, In Foreclosure
Standard status
Active
APN
075A010088
Size
2,600 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4984
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2011
Flooring type
Laminate, Concrete
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX Around Atlanta East · RE/MAX International
(770) 922-4222
Listed By:
Leanne M Long · License #147849
(770) 851-0380
Added: Aug 25
Changed: Aug 26
Last Checked: Aug 26 at 10:06PM
MLS# 10833385
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This one-story freestanding office building contains 2,600 square feet on a 0.59-acre parcel. The brick building was constructed in 2011 and includes a lobby, reception area, two private offices, file and storage areas, additional office suites or patient areas, a break room, and two baths. Laminate and concrete flooring, electric heating, central air, and a composition roof complete the existing improvements.
The property is located in Conyers within Rockdale County and is zoned O/I (Office/Industrial). Access is available from Flat Shoals and Old Salem Road, with proximity to I-20 at the Hwy 138 exit 84. The sale includes both the building and land. Public water and public sewer serve the property, and the site includes a parking lot.
The property is located in Conyers within Rockdale County and is zoned O/I (Office/Industrial). Access is available from Flat Shoals and Old Salem Road, with proximity to I-20 at the Hwy 138 exit 84. The sale includes both the building and land. Public water and public sewer serve the property, and the site includes a parking lot.
Key Highlights
- 2,600‑square‑foot freestanding office building on 0.59 acres
- O/I (Office/Industrial) zoning in Rockdale County
- Constructed in 2011 with brick exterior and composition roof
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
$37,697
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
6.98%
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%
$753,940
$753.9K
Cap Rate 7%
$538,529
$538.5K
Cap Rate 9%
$418,856
$418.9K
Market Conditions
NOI Build-Up for 2,600 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
$70.2K $27.00/SF
− Vacancy
−$7.4K −$2.84/SF
EGI
$62.8K $24.17/SF
− OpEx
−$25.1K −$9.67/SF
NOI
$37.7K $14.50/SF
Area
Rockdale County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$753,940
Cap Rate 7%
$538,529
Cap Rate 9%
$418,856
Alternative Uses
Best Use
Healthcare Medical
$538.5K
$471.2K – $628.3K
NOI $37,697 @ 7.0% cap · market cap 6.98%
Second Best
Office B
$497.4K
$435.2K – $580.3K
NOI $34,817 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$730.1K
$638.8K – $851.8K
NOI $51,106 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 30013, GA
29,181
Population
11,138
Households
2.6
Avg Household Size
38
Median Age
33%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
1,028
Density / Sq Mi
$71,086
Median Household Income
$41,244
Median Earnings
$1,447
Median Rent
$274,300
Median Home Value
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 - One-story office property with a reception area, private offices, storage, break room, and two baths.
Where is this office building located?
The property is located at 1929 Old Salem Road SE Conyers, GA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 2,600‑square‑foot freestanding office building on 0.59 acres; O/I (Office/Industrial) zoning in Rockdale County; Constructed in 2011 with brick exterior and composition roof
