Freestanding Office
For Sale
$375,000
1966 Montreal Road, Tucker, GA 30084
Tucker, GA
Property Size2,247 SF
Lot Size0.35 Acres
Price / SF$166.89
Days on Market50
Property Features for 1966 Montreal Road
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
2,247 SF
Lot size
0.35 Acres
Building Details
Year built
1955
Listing Agency:
Alpharetta / North Fulton Office · Berkshire Hathaway HomeServices
(770) 475-0505
Listed By:
Phil Houston
(404) 597-2749
Added: Aug 17
Changed: Oct 1
Last Checked: Oct 5 at 2:06AM
MLS# 10827148
Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. 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.
Located at 1966 Montreal Road in Tucker, Georgia, this 2,247-square-foot office building was constructed in 1955. The one-story brick structure occupies a corner lot and is offered in as-is condition, allowing the next owner to renovate the interior for its intended use. O&I zoning supports professional applications described for the property, including medical, legal, insurance, accounting, consulting, and financial services.
A side-entry parking area and an on-site lot accommodating approximately 6-8 vehicles serve the building. The property is positioned across from Northlake Festival and Northlake Mall, with Emory Healthcare and Briarcliff Village nearby. Road access includes connections to I-285 and I-85, while the corner setting provides frontage and signage potential for a stand-alone office operation.
A side-entry parking area and an on-site lot accommodating approximately 6-8 vehicles serve the building. The property is positioned across from Northlake Festival and Northlake Mall, with Emory Healthcare and Briarcliff Village nearby. Road access includes connections to I-285 and I-85, while the corner setting provides frontage and signage potential for a stand-alone office operation.
Key Highlights
- 2,247 square feet of office space on a 0.351‑acre lot
- One‑story brick building constructed in 1955
- O&I zoning supports professional office and medical‑related uses
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
$30,090
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
8.02%
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%
$601,800
$601.8K
Cap Rate 7%
$429,857
$429.9K
Cap Rate 9%
$334,333
$334.3K
Market Conditions
NOI Build-Up for 2,247 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
$53.6K $23.87/SF
− Vacancy
−$13.5K −$6.02/SF
EGI
$40.1K $17.85/SF
− OpEx
−$10.0K −$4.46/SF
NOI
$30.1K $13.39/SF
Area
DeKalb 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%
$601,800
Cap Rate 7%
$429,857
Cap Rate 9%
$334,333
Alternative Uses
Best Use
Office B
$429.9K
$376.1K – $501.5K
NOI $30,090 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$628.1K
$549.6K – $732.8K
NOI $43,969 @ 7.0% cap · market cap 11.73%
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
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Explore this area
Business Placement
Demographics for 30084, GA
41,654
Population
15,950
Households
2.6
Avg Household Size
38
Median Age
42%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
2,796
Density / Sq Mi
$82,747
Median Household Income
$42,528
Median Earnings
$1,617
Median Rent
$332,000
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 - One-story brick property with O&I zoning, corner exposure, and on-site parking.
Where is this office building located?
The property is located at 1966 Montreal Road Tucker, GA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,247 square feet of office space on a 0.351‑acre lot; One‑story brick building constructed in 1955; O&I zoning supports professional office and medical‑related uses
