Build-to-Suit Office
For Sale
$854,000
Pending
2053 Experiment Station, Watkinsville, GA 30677
5,000-square-foot build-to-suit office property in Oconee County, zoned OIP and offering optional division into two units.
Property Size5,000 SF
Days on Market327
Property Features for 2053 Experiment Station
General Information
Standard status
Pending
Size
5,000 SF
Property subtype
Commercial
Zoning
OIP
Building Details
Year Built
2025
Listing Agency:
GEORGIA HOME PARTNERS REALTY
Listed By:
DANIELLE GRIER · License #359041
(706) 424-2568
Source:
Corcoran
Added: Oct 16, 2025
Changed: Aug 10
Last Checked: Jul 23 at 6:43AM
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 GEORGIA HOME PARTNERS REALTY
Investment Insights
Based on property information with market context.
This build-to-suit commercial office property totals 5,000 square feet and is offered with flexibility for a layout designed to support your business needs. The space also has the option to be divided into two units, providing an adaptable configuration for different tenancy or operating scenarios.
The property is located in Watkinsville, Oconee County, and is zoned OIP. It has been presented as suitable for professional offices, medical practices, or other commercial uses.
As currently described, the offering centers on a customizable office-oriented space with the ability to function as one suite or be split into two units, depending on how you plan to utilize the property.
The property is located in Watkinsville, Oconee County, and is zoned OIP. It has been presented as suitable for professional offices, medical practices, or other commercial uses.
As currently described, the offering centers on a customizable office-oriented space with the ability to function as one suite or be split into two units, depending on how you plan to utilize the property.
Key Highlights
- 5,000 SF build‑to‑suit commercial office property in Oconee County
- Year built: 2025
- Zoned OIP
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
$64,800
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
7.59%
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%
$1,296,000
$1.3M
Cap Rate 7%
$925,714
$925.7K
Cap Rate 9%
$720,000
$720.0K
Market Conditions
NOI Build-Up for 5,000 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
$120.0K $24.00/SF
− Vacancy
−$12.0K −$2.40/SF
EGI
$108.0K $21.60/SF
− OpEx
−$43.2K −$8.64/SF
NOI
$64.8K $12.96/SF
Area
Oconee County, GA
Vacancy
10.00%
Lease Rate
$24.00 /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%
$1,296,000
Cap Rate 7%
$925,714
Cap Rate 9%
$720,000
Alternative Uses
Best Use
Healthcare Medical
$925.7K
$810.0K – $1.08M
NOI $64,800 @ 7.0% cap · market cap 7.59%
Second Best
Office B
$924.6K
$809.0K – $1.08M
NOI $64,719 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.21M
$1.05M – $1.41M
NOI $84,374 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 30677, GA
20,579
Population
7,797
Households
2.6
Avg Household Size
41
Median Age
55%
College-Educated
97%
High-School Grad
122.2 sq mi
ZIP Area
168
Density / Sq Mi
$103,165
Median Household Income
$49,399
Median Earnings
$1,403
Median Rent
$394,800
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 units - 5,000-square-foot build-to-suit office property in Oconee County, zoned OIP and offering optional division into two units.
Where is this office units located?
The property is located at 2053 Experiment Station Watkinsville, GA.
What is the asking price?
The asking price for this property is $854,000.
What are key features of this property?
This property features: 5,000 SF build‑to‑suit commercial office property in Oconee County; Year built: 2025; Zoned OIP
