Office Building with Monument
New
For Sale
$675,000
2164 North Rd, Snellville, GA 30078
Multiple private offices, reception space, and a kitchen/breakroom support professional or medical operations.
Property Size1,554 SF
Price / SF$434.36
Days on Market3
Property Features for 2164 North Rd
General Information
Standard status
Active
Size
1,554 SF
Amenities
monument signage
Building Details
Year Built
1960
Listing Agency:
RE/MAX Town and Country
Listed By:
SHARRON MERRELL BASSIL
Source:
Brockteam
Added: Sep 20
Last Checked: Sep 21 at 9:58AM
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 RE/MAX Town and Country
Investment Insights
Based on property information with market context.
This 1,554-square-foot office building at 2164 North Road includes multiple private offices, a reception and waiting area, kitchen/breakroom space, and additional rooms that can be adapted to operational needs. The property was built in 1960 and includes monument signage that remains in place.
The Snellville location is positioned near a commercial corridor with access to shopping, dining, medical services, residential communities, and major roadways. Its existing office configuration supports professional or medical use while retaining flexibility for other business operations.
The Snellville location is positioned near a commercial corridor with access to shopping, dining, medical services, residential communities, and major roadways. Its existing office configuration supports professional or medical use while retaining flexibility for other business operations.
Key Highlights
- 1,554‑square‑foot office building at 2164 North Road
- Multiple private offices with reception and waiting areas
- Kitchen/breakroom space included
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
$22,531
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
3.34%
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%
$450,620
$450.6K
Cap Rate 7%
$321,871
$321.9K
Cap Rate 9%
$250,344
$250.3K
Market Conditions
NOI Build-Up for 1,554 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
$42.0K $27.00/SF
− Vacancy
−$4.4K −$2.84/SF
EGI
$37.6K $24.17/SF
− OpEx
−$15.0K −$9.67/SF
NOI
$22.5K $14.50/SF
Area
Gwinnett 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%
$450,620
Cap Rate 7%
$321,871
Cap Rate 9%
$250,344
Alternative Uses
Best Use
Healthcare Medical
$321.9K
$281.6K – $375.5K
NOI $22,531 @ 7.0% cap · market cap 3.34%
Second Best
Office B
$297.3K
$260.1K – $346.8K
NOI $20,810 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$434.4K
$380.1K – $506.8K
NOI $30,408 @ 7.0% cap · market cap 4.50%
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
1,817
Businesses Nearby
Explore this area
Business Placement
Demographics for 30078, GA
38,350
Population
13,784
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
91%
High-School Grad
17.3 sq mi
ZIP Area
2,217
Density / Sq Mi
$90,054
Median Household Income
$44,657
Median Earnings
$1,641
Median Rent
$316,600
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 - Multiple private offices, reception space, and a kitchen/breakroom support professional or medical operations.
Where is this office building located?
The property is located at 2164 North Rd Snellville, GA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,554‑square‑foot office building at 2164 North Road; Multiple private offices with reception and waiting areas; Kitchen/breakroom space included
