Norcross Office Building with
3155 Northwoods Place Atlanta, GA 30354
13,727 sq. ft. Office For Sale in Norcross Submarket
Property size:
13,727 SFLot size:
1.36 AcresPrice / SF:
$231/SF- Added:
- Jan 31, 2025
- Days on Market:
- 525
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 3155 Northwoods Place
General Information
- Standard status
- Active
- Property type
- Residential offices, Other office properties, Office buildings, Mixed-use properties, Office Spaces
- Size
- 13,727 SF
- Class
- C
- Elevators
- N/A
- Lot size
- 1.36 Acres
Building Details
- Year Built
- 1985
- Buildings
- 1
- Stories
- 1
Listing agent Tom (404) 446-1588
Listing office (404) 446-1588
Listing date Jan 31, 2025
Investment Insights
Based on property information with market context.
This 13,727 square foot office building is located in Atlanta's Norcross submarket. Constructed in 1985, this Class C building is situated on a 1.36-acre lot. The property features a loading dock, a backup generator, and an abundance of HVAC capacity. It also includes dedicated lab space. The zoning designation is AA030, and the parcel ID is 6-271-026.
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 | $327.7k | $23.87 |
| − Vacancy | −$82.6k | −$6.02 |
| EGI | $245.1k | $17.85 |
| − OpEx | −$61.3k | −$4.46 |
| NOI | $183.8k | $13.39 |
13,727 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.63M
$2.30M – $3.06M
NOI $183,819 @ 7.0% cap · market cap 5.79%
Second Best
Mixed Use
$2.38M
$2.08M – $2.78M
NOI $166,783 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$3.84M
$3.36M – $4.48M
NOI $268,606 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential offices
Similar For Sale Nearby
FAQs
What type of property is this?
Residential office - 13,727 sq. ft. Office For Sale in Norcross Submarket
Where is this residential office located?
The property is located at 3155 Northwoods Place Atlanta, GA.
What is the asking price?
The asking price for this property is $3,175,000.
