Building Details

Year Built 2009

Listing Agency: eXp Realty

Listed By: Mary A Rector · License #356074 Show Phone

Source: Findgreateratlantaproperties

Added: Aug 23 Changed: Oct 1 Last Checked: Oct 19 at 6:54AM

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Investment Insights

Based on property information with market context.

This renovated office property contains 2,556 square feet across two levels, with a large industrial-style workspace and a practical mix of private and shared areas. The main floor includes a kitchen, bathroom, break room, and two private offices. Upstairs are four additional private offices, a spacious conference room, and a second bathroom. Natural light contributes to the open, adaptable interior.

Located at 311 N Main St Unit A-100 in Madison, the property provides access to U.S. 441 and Interstate 20. Lake Oconee and Athens are described as a short drive away. The existing layout can accommodate office operations, professional services, fitness or wellness businesses, meeting functions, or a combination of uses.

Key Highlights

• 2,556‑square‑foot renovated office property
• Two‑story layout with a large industrial‑style workspace
• Six private offices distributed across both levels

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,228

Cap Rate

3.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,560 $684.6K

Cap Rate 7%

$488,971 $489.0K

Cap Rate 9%

$380,311 $380.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,556 SF

Gross rent

$61.0K $23.87/SF

− Vacancy

−$15.4K −$6.02/SF

EGI

$45.6K $17.85/SF

− OpEx

−$11.4K −$4.46/SF

NOI

$34.2K $13.39/SF

Area

Morgan 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%

$684,560

Cap Rate 7%

$488,971

Cap Rate 9%

$380,311

Alternative Uses

Best Use

Office B

$489.0K

$427.9K – $570.5K (±1% cap)

NOI $34,228 @ 7.0% cap · market cap 3.85%

Second Best

Industrial

$222.4K

$194.6K – $259.5K (±1% cap)

NOI $15,571 @ 7.0% cap · market cap 1.75%

Theoretical Best

Office A

$714.5K

$625.2K – $833.6K (±1% cap)

NOI $50,015 @ 7.0% cap · market cap 5.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Asuperior contact center Association Or Organization Sister Sister Beauty ... Hair Salon Environs Design Studio Marketing & Advertising

Suggested Use

Top Pick Dental Office Auto Repair Shop Grocery & Convenience Store Bakery Furniture & Home Goods Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

464

Businesses Nearby

Explore this area Business Placement

Demographics for 30650, GA

13,631

Population

5,723

Households

2.4

Avg Household Size

43

Median Age

34%

College-Educated

93%

High-School Grad

229.9 sq mi

ZIP Area

59

Density / Sq Mi

$80,357

Median Household Income

$44,789

Median Earnings

$1,104

Median Rent

$314,300

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Flexible two-level layout includes private offices, conference space, and business support areas.

Where is this office building located?

The property is located at 311 N Main St Unit A-100 Madison, GA.

What is the asking price?

The asking price for this property is $890,000.

What are key features of this property?

This property features: 2,556‑square‑foot renovated office property; Two‑story layout with a large industrial‑style workspace; Six private offices distributed across both levels