Freestanding Office
For Sale
$695,000
3193 Evelyn Street, Tucker, GA 30084
COMMERCIAL - Tucker, GA
Property Size5,000 SF
Lot Size0.59 Acres
Price / SF$159.15
Days on Market48
Property Features for 3193 Evelyn Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
26
Parking features
Parking Lot
Lot features
Corner Lot
Directions
USE GPS
Standard status
Active
APN
18 190 01 006
Size
4,367 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
10200
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Flooring type
Hardwood
Building materials
Concrete, Frame
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Mechelle Bowser
(770) 274-9954
Added: Jun 25
Changed: Aug 7
Last Checked: Aug 11 at 10:06PM
MLS# 10794360
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office building contains 4367 square feet on a 0.585-acre corner lot in Tucker. The interior includes open layouts, high ceilings, hardwood flooring, and substantial demising, creating a configuration that can accommodate office, medical, daycare, studio, tax, law firm, call center, yoga studio, or creative-office uses identified in the property information. Central heating and central air conditioning serve the building, which has concrete and frame construction. The property was built in 1960 and received a light remodel in 2007.
Approved plans and permits from DeKalb County are in place, with plans that could expand the building to almost 6,000 square feet. The site includes a 27-space parking lot and public water and sewer service. The property is located at 3193 Evelyn Street near the Emory Northlake Mall expansion and national retailers and restaurants including Target, PetSmart, Chick-fil-A, Dunkin, and McDonald's.
Approved plans and permits from DeKalb County are in place, with plans that could expand the building to almost 6,000 square feet. The site includes a 27-space parking lot and public water and sewer service. The property is located at 3193 Evelyn Street near the Emory Northlake Mall expansion and national retailers and restaurants including Target, PetSmart, Chick-fil-A, Dunkin, and McDonald's.
Key Highlights
- 4367‑square‑foot freestanding office building on 0.585 acres
- 27‑space parking lot on a corner lot
- Approved plans and DeKalb County permits in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,317
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,266,340
$1.3M
Cap Rate 7%
$904,529
$904.5K
Cap Rate 9%
$703,522
$703.5K
Market Conditions
NOI Build-Up for 4,367 SF
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.
Gross rent
$117.9K $27.00/SF
− Vacancy
−$12.4K −$2.84/SF
EGI
$105.5K $24.17/SF
− OpEx
−$42.2K −$9.67/SF
NOI
$63.3K $14.50/SF
Area
DeKalb County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,266,340
Cap Rate 7%
$904,529
Cap Rate 9%
$703,522
Alternative Uses
Best Use
Healthcare Medical
$904.5K
$791.5K – $1.06M
NOI $63,317 @ 7.0% cap · market cap 9.11%
Second Best
Office B
$835.4K
$731.0K – $974.7K
NOI $58,479 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,452 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Explore this area
Business Placement
Demographics for 30084, GA
41,654
Population
15,950
Households
2.6
Avg Household Size
38
Median Age
42%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
2,796
Density / Sq Mi
$82,747
Median Household Income
$42,528
Median Earnings
$1,617
Median Rent
$332,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Approved renovation plans support flexible commercial use with open layouts, high ceilings, and on-site parking.
Where is this office building located?
The property is located at 3193 Evelyn Street Tucker, GA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 4367‑square‑foot freestanding office building on 0.585 acres; 27‑space parking lot on a corner lot; Approved plans and DeKalb County permits in place
