2037 Grayson Highway, Grayson, GA 30017

Building Details

Building Size 3,248 SF More

Year Built 1897 More

Listing Agency: Keller Williams Realty Atl Partners

Listed By: DOUG MINTON · License #338899 Show Phone

Source: Evatlanta

Added: Oct 30 Changed: Nov 3 Last Checked: Nov 8 at 4:34PM

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Investment Insights

Based on property information with market context.

Built in 1897, this two-story office property offers 3,248+- square feet and a renovated interior. The layout includes three offices, a kitchen, a break area, and two restrooms on the main floor, plus four offices and a bathroom upstairs. A detached storage building provides additional on-site space. Interior improvements include refreshed hardwood flooring, stone countertops, custom ceiling trim, updated electrical and plumbing, and a newer roof. The building also features a wraparound porch and mature landscaping.

The property at 2037 Grayson Hwy is just off Grayson Highway and connects to Grayson’s Park. The Railyard, Kroger, restaurants, boutique shops, and multiple strip centers are within walking distance. The property is currently used as a professional office.

Key Highlights

• 3,248+- square feet across two stories
• Seven offices, kitchen, break area, and three restrooms
• Detached storage building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,559

Cap Rate

5.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,131,180 $1.1M

Cap Rate 7%

$807,986 $808.0K

Cap Rate 9%

$628,433 $628.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,248 SF

Gross rent

$100.8K $31.04/SF

− Vacancy

−$25.4K −$7.82/SF

EGI

$75.4K $23.22/SF

− OpEx

−$18.9K −$5.80/SF

NOI

$56.6K $17.41/SF

Area

Gwinnett County, GA

Vacancy

25.20%

Lease Rate

$31.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,131,180

Cap Rate 7%

$807,986

Cap Rate 9%

$628,433

Alternative Uses

Best Use

Office B

$808.0K

$707.0K – $942.7K (±1% cap)

NOI $56,559 @ 7.0% cap · market cap 5.14%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$907.9K

$794.5K – $1.06M (±1% cap)

NOI $63,556 @ 7.0% cap · market cap 5.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Precious Image Creations ... Textile Manufacturer Whispering Firs Events Hotel & Motel Osteopathic Institute Medical Clinic

Suggested Use

Top Pick Building Supply Law Firm Big Box & Wholesale Store Auto Parts Store Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

675

Businesses Nearby

Explore this area Business Placement

Demographics for 30017, GA

24,642

Population

8,097

Households

3

Avg Household Size

40

Median Age

42%

College-Educated

92%

High-School Grad

11.6 sq mi

ZIP Area

2,124

Density / Sq Mi

$95,654

Median Household Income

$55,386

Median Earnings

$1,878

Median Rent

$392,200

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Gwinnett County, GA

$156 Jul

$222 Aug

$240 Sep

$252 Oct

Properties on Market for Office buildings in Gwinnett County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Two levels provide seven offices, a kitchen, a break area, and three restrooms.

Where is this office building located?

The property is located at 2037 Grayson Highway Grayson, GA.

What is the asking price?

The asking price for this property is $1,099,900.

What are key features of this property?

This property features: 3,248+- square feet across two stories; Seven offices, kitchen, break area, and three restrooms; Detached storage building