Renovated Office Building with
2954 N Expressway Griffin, GA 30223
New
2954 N Expressway, Griffin, GA, 30223
$750,000
For Sale
$750,000
Renovated office building with multiple offices, a reception area, conference room, kitchen, and paved front parking.
Property Size4,800 SF
Price / SF$156.25
Days on Market6
Property Features for 2954 N Expressway
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Other
Building Details
- Year Built
- 1993
Listing agency
Benham Realty Group
(678) 544-7353
Listed by
Mary Ann Wells
(678) 544-7353
Source
Blackstreaminternational
Added: Jul 16 Updated: Jul 21 at 1:44PM Checked: Jul 21 at 1:44PM
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 Benham Realty Group
Investment Insights
Based on property information with market context.
This renovated commercial office building offers approximately 4,800 square feet and includes multiple offices plus shared spaces such as a large reception room, conference room, break room, and kitchen area. The interior also features full bath in the main office, a hall bath, and additional storage room.
The property has a paved parking area in front of the building. The entrance is described at 19/41 and Old Atlanta Rd, and the remarks reference traffic volume of over 30,000 cars per day. The building is also noted as being next to Southern Pit Barbeque.
The layout supports an office-focused operation with dedicated rooms for client-facing and team functions, along with restroom facilities and storage.
The property has a paved parking area in front of the building. The entrance is described at 19/41 and Old Atlanta Rd, and the remarks reference traffic volume of over 30,000 cars per day. The building is also noted as being next to Southern Pit Barbeque.
The layout supports an office-focused operation with dedicated rooms for client-facing and team functions, along with restroom facilities and storage.
Key Highlights
- Well‑maintained commercial office building built in 1993
- Approximately 4,800 SF with multiple offices, a large reception room, and a conference room
- Includes kitchen area, full bath in main office, break room, and hall bath
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.6k | $23.87 |
| − Vacancy | −$28.9k | −$6.02 |
| EGI | $85.7k | $17.85 |
| − OpEx | −$21.4k | −$4.46 |
| NOI | $64.3k | $13.39 |
4,800 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$918.2K
$803.5K – $1.07M
NOI $64,277 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,349 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Renovated office building with multiple offices, a reception area, conference room, kitchen, and paved front parking.
Where is this office building located?
The property is located at 2954 N Expressway Griffin, 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: Well‑maintained commercial office building built in 1993; Approximately 4,800 SF with multiple offices, a large reception room, and a conference room; Includes kitchen area, full bath in main office, break room, and hall bath
