Downtown Buford Commercial Office
For Sale
$699,000
245 W Moreno St, Buford, GA 30518
Multi-unit building with parking in downtown Buford, Georgia.
Property Size2,400 SF
Price / SF$291.25
Days on Market195
Property Features for 245 W Moreno St
General Information
Standard status
Active
Size
2,400 SF
Building Details
Year Built
1983
Listing Agency:
Heartland Real Estate
Listed By:
Cinthia Bohall · License #358389
(470) 655-1976
Source:
Jetsetrealty
Added: Mar 26
Changed: Oct 6
Last Checked: Oct 5 at 10:52PM
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 Heartland Real Estate
Investment Insights
Based on property information with market context.
This commercial office space is located in downtown Buford, Georgia, just one street south of Main Street, behind the Buford Grill and steps away from Rico's World Kitchen, and across from Main Street Blooms. It is a free-standing, multi-unit building with its own parking lot. The building consists of 4 units, each with independent entrances, electric meters, and HVAC systems. Downstairs units A & D have been combined and used as a single unit but could be converted back into two separate units. Two units are currently leased. Unit C is leased to a used auto broker, and Unit B is leased to a renovations company. The City of Buford has approved the construction of a sidewalk on West Moreno Street. A new 256-space parking deck is located on Moreno Street, as well as Meander Brewing (soon to open) and Tchin Tchin Coffee.
Key Highlights
- Prime downtown Buford location, just one street south of Main Street.
- Free‑standing multi‑unit building with its own parking lot.
- Four independent units, each with separate entrances, electric meter, and HVAC.
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.
Property Analytics
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Current Use
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
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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 - Multi-unit building with parking in downtown Buford, Georgia.
Where is this office building located?
The property is located at 245 W Moreno St 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: Prime downtown Buford location, just one street south of Main Street.; Free‑standing multi‑unit building with its own parking lot.; Four independent units, each with separate entrances, electric meter, and HVAC.
