Four-Unit Freestanding Office
245 W Moreno Street, Buford, GA 30518
For Sale
$699,000
Commercial Sale, Buford, GA
Property Size2,400 SF
Lot Size0.23 Acres
Price / SF$291.25
Days on Market805
Property Features for 245 W Moreno Street
General Information
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Tax Annual Amount
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Building Details
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Listing Agency:
Heartland Real Estate
(470) 655-1976
Listed By:
Cinthia Bohall · License GA #358389
(954) 309-3344
Added: Aug 29, 2024
Changed: Oct 22
Last Checked: Nov 11 at 4:06PM
MLS# 10367991
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.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot freestanding office building occupies 0.23 acres and includes four separately accessed units. Each unit has its own electric meter and HVAC, while the property also provides a dedicated parking lot. Units A and D are currently connected, although the layout can be returned to two distinct spaces. The building dates to 1983 and features vinyl siding, central heating, and central air conditioning.
Two units are leased: Unit B is occupied by a renovations company, and Unit C is occupied by a used auto broker. The property is in downtown Buford, one street south of Main Street, with frontage on W Moreno Street. The surrounding area includes a 256-space parking deck on Moreno Street, along with Meander Brewing and Tchin Tchin Coffee. The City of Buford has approved sidewalk construction on West Moreno Street; project details should be confirmed with the city.
Two units are leased: Unit B is occupied by a renovations company, and Unit C is occupied by a used auto broker. The property is in downtown Buford, one street south of Main Street, with frontage on W Moreno Street. The surrounding area includes a 256-space parking deck on Moreno Street, along with Meander Brewing and Tchin Tchin Coffee. The City of Buford has approved sidewalk construction on West Moreno Street; project details should be confirmed with the city.
Key Highlights
- 2,400‑square‑foot office building on 0.23 acres
- Four units with independent entrances, electric meters, and HVAC
- Units A and D are combined but can be separated into two spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,792
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,840
$835.8K
Cap Rate 7%
$597,029
$597.0K
Cap Rate 9%
$464,356
$464.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$74.5K $31.04/SF
− Vacancy
−$18.8K −$7.82/SF
EGI
$55.7K $23.22/SF
− OpEx
−$13.9K −$5.80/SF
NOI
$41.8K $17.41/SF
Area
Gwinnett County, GA
Vacancy
25.20%
Lease Rate
$31.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,840
Cap Rate 7%
$597,029
Cap Rate 9%
$464,356
Alternative Uses
Best Use
Office B
$597.0K
$522.4K – $696.5K
NOI $41,792 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$670.9K
$587.0K – $782.7K
NOI $46,962 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
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Business Placement
Demographics for 30518, GA
56,149
Population
19,435
Households
2.9
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
40.0 sq mi
ZIP Area
1,404
Density / Sq Mi
$97,339
Median Household Income
$46,683
Median Earnings
$1,611
Median Rent
$367,000
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Gwinnett County, GA
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Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Independent entrances, electric meters, and HVAC serve the building’s four office units.
Where is this office building located?
The property is located at 245 W Moreno Street Buford, GA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,400‑square‑foot office building on 0.23 acres; Four units with independent entrances, electric meters, and HVAC; Units A and D are combined but can be separated into two spaces
