Standalone Office
For Sale
Contact for pricing
3274 STONE MOUNTAIN HWY, Snellville, GA 30078
Commercially zoned property with private offices, conference space, and on-site parking.
Property Size4,200 SF
Price / SF$166.43
Days on Market92
Property Features for 3274 STONE MOUNTAIN HWY
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Office
Zoning
Commercial
Building Details
Year Built
1964
Stories
1
Units
1
Listing Agency:
Keller Williams Commercial Atlanta Partners
(570) 659-5684
Listed By:
David Williams · License #GA 316435
Source:
Crexi
Added: May 31
Changed: Aug 30
Last Checked: Aug 30 at 12:59AM
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 Keller Williams Commercial Atlanta Partners
Investment Insights
Based on property information with market context.
This standalone office property contains ±4,200 SF arranged for a range of professional workplace needs. The building includes multiple private offices, conference space, an executive suite, and reception areas serving both the front and rear entrances. Constructed in 1964, the property also provides ample parking for staff and visitors.
Located on Stone Mountain Highway in Gwinnett County, the building carries Commercial zoning and offers a visible setting along a major roadway. Its existing configuration supports administrative, professional-services, medical, or owner-user operations, as identified in the property information.
Located on Stone Mountain Highway in Gwinnett County, the building carries Commercial zoning and offers a visible setting along a major roadway. Its existing configuration supports administrative, professional-services, medical, or owner-user operations, as identified in the property information.
Key Highlights
- ±4,200 SF standalone office building
- Commercial zoning in Gwinnett County
- Multiple private offices and conference space
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
$56,242
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
8.05%
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%
$1,124,840
$1.1M
Cap Rate 7%
$803,457
$803.5K
Cap Rate 9%
$624,911
$624.9K
Market Conditions
NOI Build-Up for 4,200 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
$100.3K $23.87/SF
− Vacancy
−$25.3K −$6.02/SF
EGI
$75.0K $17.85/SF
− OpEx
−$18.7K −$4.46/SF
NOI
$56.2K $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 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%
$1,124,840
Cap Rate 7%
$803,457
Cap Rate 9%
$624,911
Alternative Uses
Best Use
Office B
$803.5K
$703.0K – $937.4K
NOI $56,242 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,184 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 30078, GA
38,350
Population
13,784
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
91%
High-School Grad
17.3 sq mi
ZIP Area
2,217
Density / Sq Mi
$90,054
Median Household Income
$44,657
Median Earnings
$1,641
Median Rent
$316,600
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 - Commercially zoned property with private offices, conference space, and on-site parking.
Where is this office building located?
The property is located at 3274 STONE MOUNTAIN HWY Snellville, GA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: ±4,200 SF standalone office building; Commercial zoning in Gwinnett County; Multiple private offices and conference space
