Office Property with Detached
For Sale
$850,000
2260 Mars Hill Rd, Watkinsville, GA 30677
An OIP-zoned office property includes a separate shop, finished basement, and two access points from Mars Hill Road.
Property Size2,804 SF
Lot Size4.00 Acres
Price / SF$303.14
Days on Market17
Property Features for 2260 Mars Hill Rd
General Information
Standard status
Active
Size
2,804 SF
Lot size
4.00 Acres
Property subtype
Commercial
Zoning
OIP
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1965
Buildings
2
Listing Agency:
Greater Athens Properties
Listed By:
Allen Seigler · License #404458
(706) 247-3873
Source:
Searchgreateraugustahomes
Added: Sep 29
Changed: Oct 13
Last Checked: Oct 14 at 11:07PM
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 Greater Athens Properties
Investment Insights
Based on property information with market context.
Configured for office use, the main building has four private offices, a conference room, a waiting area, a kitchen, and a garage on the main level. The finished basement has its own exterior entrance and can accommodate office, meeting, or storage functions. A detached shop provides additional space. Exterior work includes a replacement roof, gutters, fascia, brick sealing, and painting. The property was built in 1965 and is vacant for immediate occupancy.
The site comprises 4+/- acres with approximately 700 feet of Mars Hill Road frontage and an estimated 24,000 vehicles passing daily. It is zoned OIP and is convenient to Highway 316. Commercial destinations in the surrounding area include medical offices, Home Depot, Lowe’s, restaurants, hotels, QuikTrip, Costco, and Sam’s Club. One entrance is established, with a second prepared for future use. Barber Creek borders the rear of the property.
The site comprises 4+/- acres with approximately 700 feet of Mars Hill Road frontage and an estimated 24,000 vehicles passing daily. It is zoned OIP and is convenient to Highway 316. Commercial destinations in the surrounding area include medical offices, Home Depot, Lowe’s, restaurants, hotels, QuikTrip, Costco, and Sam’s Club. One entrance is established, with a second prepared for future use. Barber Creek borders the rear of the property.
Key Highlights
- 4+/- acres with approximately 700 feet of Mars Hill Road frontage
- Estimated 24,000 vehicles pass daily
- OIP zoning; convenient to Highway 316
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,294
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,880
$725.9K
Cap Rate 7%
$518,486
$518.5K
Cap Rate 9%
$403,267
$403.3K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$60.6K $21.60/SF
− Vacancy
−$12.2K −$4.34/SF
EGI
$48.4K $17.26/SF
− OpEx
−$12.1K −$4.31/SF
NOI
$36.3K $12.94/SF
Area
Oconee County, GA
Vacancy
20.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,880
Cap Rate 7%
$518,486
Cap Rate 9%
$403,267
Alternative Uses
Best Use
Office B
$518.5K
$453.7K – $604.9K
NOI $36,294 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$676.0K
$591.5K – $788.6K
NOI $47,317 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
172
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
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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 - An OIP-zoned office property includes a separate shop, finished basement, and two access points from Mars Hill Road.
Where is this office building located?
The property is located at 2260 Mars Hill Rd Watkinsville, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4+/- acres with approximately 700 feet of Mars Hill Road frontage; Estimated 24,000 vehicles pass daily; OIP zoning; convenient to Highway 316
