Multi-Suite Office
300 W Broome Street Lagrange, GA 30240
For Sale
$2,000,000
Two-story office building offers multiple suites, including several currently vacant and a small rear building.
Property Size15,500 SF
Price / SF$129.03
Days on Market542
Property Features for 300 W Broome Street
General Information
- Standard status
- Active
- Size
- 15,500 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1985
Listing Agency:
Mallory Realty Company, Inc.
(706) 302-8381
Listed By:
William Mallory
(706) 302-8381
Source:
Xome
Added: Jan 28, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:28AM
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 Mallory Realty Company, Inc.
Investment Insights
Based on property information with market context.
This two-story office building totals approximately 15,500 square feet and is configured with multiple private office suites. The ground floor includes five offices, while the second floor includes three offices. Suite 100 (1,000 sq. ft.), Suite 102 (1,500 sq. ft.), Suite 104 (2,500 sq. ft.), Suite 108 (3,000 sq. ft.) are described as occupied, and Suite 106 is listed with remaining size information that is not fully captured in the provided remarks. The following suites are described as vacant or ready for occupancy: Suite 106 (size not fully captured), Suite 200 (1,000 sq. ft.), and Suite 201 (1,000 sq. ft.), with Suite 203 (1,000 sq. ft.) described as occupied. In addition, there is a rear building measuring approximately 550 square feet.
The property is located at 300 W Broome Street in LaGrange, Georgia. The listing provides a suite-by-suite breakdown of occupancy status to support planning for either continued occupancy or tenant onboarding.
As presented, the building’s unit layout supports a range of office configurations given the mix of occupied and vacant/ready suites and the presence of a smaller rear building for supplementary space.
The property is located at 300 W Broome Street in LaGrange, Georgia. The listing provides a suite-by-suite breakdown of occupancy status to support planning for either continued occupancy or tenant onboarding.
As presented, the building’s unit layout supports a range of office configurations given the mix of occupied and vacant/ready suites and the presence of a smaller rear building for supplementary space.
Key Highlights
- 15,000 SF main two‑story office building with multiple suites
- Suite mix includes 1,000 SF (occupied), 1,500 SF (occupied), 2,500 SF (occupied), 3,000 SF (occupied), plus several 1,000 SF suites
- Vacant/ready for occupancy suites: 2,000 SF (Suite 106) and 1,000 SF (Suite 200)
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 | $264.1k | $17.04 |
| − Vacancy | −$22.5k | −$1.45 |
| EGI | $241.7k | $15.59 |
| − OpEx | −$60.4k | −$3.90 |
| NOI | $181.3k | $11.69 |
15,500 SF · lease $17.04/SF/yr · vacancy 8.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.59M
$2.27M – $3.02M
NOI $181,252 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.47M
$3.03M – $4.05M
NOI $242,770 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Software Made Simple ...
(Bike/Boat/Book/etc) Store
Painless Health Coverage ...
Insurance Agency
MC Luxury Handbags ...
Discount Store
Georgia HomeCare of Lagrange
Home Health Care Service
Georgia HomeCare
Home Health Care Service
FAQs
What type of property is this?
Office building - Two-story office building offers multiple suites, including several currently vacant and a small rear building.
Where is this office building located?
The property is located at 300 W Broome Street Lagrange, GA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 15,000 SF main two‑story office building with multiple suites; Suite mix includes 1,000 SF (occupied), 1,500 SF (occupied), 2,500 SF (occupied), 3,000 SF (occupied), plus several 1,000 SF suites; Vacant/ready for occupancy suites: 2,000 SF (Suite 106) and 1,000 SF (Suite 200)
