C-2 Office
For Sale
Contact for pricing
3257 Gravel Springs Rd, Buford, GA 30519
Commercial office unit in Buford with C-2 zoning and access to a high-traffic corridor.
Property Size1,712 SF
Price / SF$379.67
Days on Market184
Property Features for 3257 Gravel Springs Rd
General Information
Standard status
Active
Size
1,712 SF
Property subtype
Office, Retail
Zoning
C-2
Investment Type
Owner/User
Site & Location
Traffic Count
36,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1955
Buildings
1
Stories
1
Listing Agency:
Virtual Properties Realty
Listed By:
Amy B. Phillips · License #154752
Source:
Crexi
Added: Apr 17
Changed: Oct 3
Last Checked: Oct 16 at 9:35AM
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 Virtual Properties Realty
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Investment Insights
Based on property information with market context.
This office unit is located at 3257 Gravel Springs Road in Buford and carries C-2 zoning within the City of Buford. The property dates to 1955 and is positioned along Gravel Springs Road, also identified as Highway 324.
Traffic exposure is supported by reported daily vehicle volume exceeding 36,000 on Gravel Springs Road. The property is within one mile of Mall of Georgia and less than two miles from I-985 and I-85. Showings are available by appointment with the listing agent present.
Traffic exposure is supported by reported daily vehicle volume exceeding 36,000 on Gravel Springs Road. The property is within one mile of Mall of Georgia and less than two miles from I-985 and I-85. Showings are available by appointment with the listing agent present.
Key Highlights
- C‑2 zoning in the City of Buford
- Over 36,000 vehicles per day on Gravel Springs Road / Hwy 324
- Within 1 mile of Mall of Georgia
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,926
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,520
$458.5K
Cap Rate 7%
$327,514
$327.5K
Cap Rate 9%
$254,733
$254.7K
Market Conditions
NOI Build-Up for 1,712 SF
Gross rent
$40.9K $23.87/SF
− Vacancy
−$10.3K −$6.02/SF
EGI
$30.6K $17.85/SF
− OpEx
−$7.6K −$4.46/SF
NOI
$22.9K $13.39/SF
Area
Gwinnett 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%
$458,520
Cap Rate 7%
$327,514
Cap Rate 9%
$254,733
Alternative Uses
Best Use
Office B
$327.5K
$286.6K – $382.1K
NOI $22,926 @ 7.0% cap · market cap 3.53%
Second Best
Retail
$284.1K
$248.6K – $331.5K
NOI $19,889 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$478.6K
$418.8K – $558.3K
NOI $33,500 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
36,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Explore this area
Business Placement
Demographics for 30519, GA
54,608
Population
18,734
Households
2.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
33.8 sq mi
ZIP Area
1,616
Density / Sq Mi
$98,846
Median Household Income
$50,265
Median Earnings
$1,816
Median Rent
$377,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Commercial office unit in Buford with C-2 zoning and access to a high-traffic corridor.
Where is this office units located?
The property is located at 3257 Gravel Springs Rd Buford, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: C‑2 zoning in the City of Buford; Over 36,000 vehicles per day on Gravel Springs Road / Hwy 324; Within 1 mile of Mall of Georgia
