Office Units with Bright
For Sale
$550,000
2307 Veterans Memorial Highway SW, Austell, GA 30168
Commercial Sale, Austell, GA
Property Size2,268 SF
Lot Size1.60 Acres
Price / SF$242.50
Days on Market217
Property Features for 2307 Veterans Memorial Highway SW
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
8
Fencing
Privacy
Lot features
City Lot
Directions
Use GPS
Standard status
Active
APN
18002800020
Size
2,268 SF
Lot size
1.60 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
1086
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
1958
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Southern Classic Realtors
(678) 635-8877
Listed By:
Jennifer Shelton · License #414321
(678) 283-1447
Added: Jan 24
Changed: Aug 19
Last Checked: Aug 29 at 3:06AM
MLS# 10680477
Copyright © 2026 Georgia Multiple Listing Service. 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.
Recently renovated to the studs, this brick office units property includes a basement with bright natural light and vinyl flooring throughout. The building is served by central air cooling and a heat pump for heating, with a composition roof. A privacy fence and public utilities support day-to-day operations, including public water and public sewer. Cable service is also available.
Located at 2307 Veterans Memorial Highway SW in Austell, GA 30168 (Cobb County), the property is positioned for a variety of commercial setups. The basement level is described as suitable for multiple uses, with the upstairs level also being workable for professional offices.
Built in 1958 on a 1.6-acre lot, this property totals 2,268 square feet and has been preapproved for commercial use, with the finalization process pending prior to closing.
Located at 2307 Veterans Memorial Highway SW in Austell, GA 30168 (Cobb County), the property is positioned for a variety of commercial setups. The basement level is described as suitable for multiple uses, with the upstairs level also being workable for professional offices.
Built in 1958 on a 1.6-acre lot, this property totals 2,268 square feet and has been preapproved for commercial use, with the finalization process pending prior to closing.
Key Highlights
- 1.6‑acre lot with a total of 2,268 SF for office use
- Renovated to the studs with vinyl flooring and bright natural‑light basement
- Brick construction with composition roof
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
$32,884
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
5.98%
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%
$657,680
$657.7K
Cap Rate 7%
$469,771
$469.8K
Cap Rate 9%
$365,378
$365.4K
Market Conditions
NOI Build-Up for 2,268 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
$61.2K $27.00/SF
− Vacancy
−$6.4K −$2.84/SF
EGI
$54.8K $24.17/SF
− OpEx
−$21.9K −$9.67/SF
NOI
$32.9K $14.50/SF
Area
Cobb 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%
$657,680
Cap Rate 7%
$469,771
Cap Rate 9%
$365,378
Alternative Uses
Best Use
Healthcare Medical
$469.8K
$411.1K – $548.1K
NOI $32,884 @ 7.0% cap · market cap 5.98%
Second Best
Office B
$433.9K
$379.6K – $506.2K
NOI $30,371 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$636.9K
$557.3K – $743.0K
NOI $44,580 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 30168, GA
26,544
Population
10,405
Households
2.6
Avg Household Size
33
Median Age
28%
College-Educated
86%
High-School Grad
12.4 sq mi
ZIP Area
2,141
Density / Sq Mi
$65,646
Median Household Income
$37,180
Median Earnings
$1,364
Median Rent
$229,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated brick office units with a bright natural-light basement, central air, and heat pump heating.
Where is this office units located?
The property is located at 2307 Veterans Memorial Highway SW Austell, GA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1.6‑acre lot with a total of 2,268 SF for office use; Renovated to the studs with vinyl flooring and bright natural‑light basement; Brick construction with composition roof
