Brick Office Building with
For Sale
$750,000
2323 Pate St, Snellville, GA 30078
Well-maintained brick office with reception, private offices, staff space, break area, and on-site parking.
Property Size2,425 SF
Price / SF$309.28
Days on Market71
Property Features for 2323 Pate St
General Information
Standard status
Active
Size
2,425 SF
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Year Built
1965
Buildings
1
Construction
brick
Listing Agency:
Front Gate Homes, LLC
Listed By:
Darlene E Phillips · License #17235
(770) 972-1500
Source:
Atlantarealestatedirectory
Added: Aug 6
Changed: Oct 11
Last Checked: Oct 7 at 3:58PM
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 Front Gate Homes, LLC
Investment Insights
Based on property information with market context.
This 2,425-square-foot office building at 2323 Pate St. in Snellville was built in 1965 and features an all-brick exterior. The current layout includes a reception area, one office, two closing offices, staff space, a storage room, one bathroom, and a kitchen or breakroom area.
The property is positioned in downtown Snellville, just off Hwy 124 and Hwy 78. It sits behind a bank, with new townhomes planned across the street. More than 30 parking spaces support the existing office configuration and provide practical on-site parking for staff and visitors.
The property is positioned in downtown Snellville, just off Hwy 124 and Hwy 78. It sits behind a bank, with new townhomes planned across the street. More than 30 parking spaces support the existing office configuration and provide practical on-site parking for staff and visitors.
Key Highlights
- 2,425‑square‑foot office building at 2323 Pate St., Snellville, GA 30078
- All‑brick building constructed in 1965
- 30+ on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,473
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,460
$649.5K
Cap Rate 7%
$463,900
$463.9K
Cap Rate 9%
$360,811
$360.8K
Market Conditions
NOI Build-Up for 2,425 SF
Gross rent
$57.9K $23.87/SF
− Vacancy
−$14.6K −$6.02/SF
EGI
$43.3K $17.85/SF
− OpEx
−$10.8K −$4.46/SF
NOI
$32.5K $13.39/SF
Area
Gwinnett County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,460
Cap Rate 7%
$463,900
Cap Rate 9%
$360,811
Alternative Uses
Best Use
Office B
$463.9K
$405.9K – $541.2K
NOI $32,473 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$677.9K
$593.2K – $790.9K
NOI $47,452 @ 7.0% cap · market cap 6.33%
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
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,895
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Well-maintained brick office with reception, private offices, staff space, break area, and on-site parking.
Where is this office building located?
The property is located at 2323 Pate St Snellville, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,425‑square‑foot office building at 2323 Pate St., Snellville, GA 30078; All‑brick building constructed in 1965; 30+ on‑site parking spaces
