Freestanding Multi-Unit Office
For Sale
$699,000
245 W Moreno Street, Buford, GA 30518
Commercial Sale, Buford, GA
Property Size2,400 SF
Lot Size0.23 Acres
Price / SF$291.25
Days on Market790
Property Features for 245 W Moreno Street
General Information
Property type
Residential
Property subtype
Office
Zoning
C2
Parking
13
Parking features
Parking Lot
Interior features
Reception Area, Restrooms
Fencing
Chain Link
Lot features
Free Standing, Level
View
City
Directions
Lee Street and Moreno, Right behind the Buford Grill
Standard status
Active
APN
R7294D134
Size
2,400 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
2296
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
2
Flooring type
Hardwood, Carpet
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Heartland Real Estate, LLC
(470) 655-1976
Listed By:
Cinthia Bohall
(678) 250-5848
Added: Aug 29, 2024
Changed: Sep 28
Last Checked: Oct 27 at 4:06AM
MLS# 7447066
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office building contains 2,400 square feet arranged across four units, each with its own entrance, electric meter, and HVAC system. Downstairs Units A and D are currently combined but can be separated into two spaces. Interior features include reception areas and restrooms, with hardwood and carpet flooring, central heating and cooling, vinyl siding, an asphalt roof, and a chain-link fence. The property was built in 1983 and includes a dedicated parking lot.
Set on 0.23 acres in Downtown Buford, the property sits one street south of Main Street and behind Buford Grill. Rico's World Kitchen and Main Street Blooms are nearby. Two units are leased: Unit B to a renovations company and Unit C to a used auto broker. C2 zoning, public water, public sewer, and cable availability are in place. The City of Buford has approved sidewalk construction on West Moreno Street, with project details available from the city.
Set on 0.23 acres in Downtown Buford, the property sits one street south of Main Street and behind Buford Grill. Rico's World Kitchen and Main Street Blooms are nearby. Two units are leased: Unit B to a renovations company and Unit C to a used auto broker. C2 zoning, public water, public sewer, and cable availability are in place. The City of Buford has approved sidewalk construction on West Moreno Street, with project details available from the city.
Key Highlights
- 2,400‑square‑foot office building on 0.23 acres
- Four units with independent entrances, electric meters, and HVAC
- Downstairs Units A and D can be separated into two spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,139
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,780
$642.8K
Cap Rate 7%
$459,129
$459.1K
Cap Rate 9%
$357,100
$357.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$57.3K $23.87/SF
− Vacancy
−$14.4K −$6.02/SF
EGI
$42.9K $17.85/SF
− OpEx
−$10.7K −$4.46/SF
NOI
$32.1K $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%
$642,780
Cap Rate 7%
$459,129
Cap Rate 9%
$357,100
Alternative Uses
Best Use
Office B
$459.1K
$401.7K – $535.7K
NOI $32,139 @ 7.0% cap · market cap 4.60%
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.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - C2-zoned office property with four separately entered units, individual HVAC and electric metering, plus on-site parking.
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; Downstairs Units A and D can be separated into two spaces
