Second-Floor Office
For Sale
Contact for pricing
3380 Trickum Rd, Woodstock, GA 30188
Configured workspace includes private offices, built-in workstations, restrooms, a kitchen, and dedicated technology storage.
Property Size1,875 SF
Price / SF$176
Days on Market195
Property Features for 3380 Trickum Rd
General Information
Standard status
Active
Size
1,875 SF
Class
B
Property subtype
Office
Additional Details
Floor
2
Highway Access
Yes
Office Units
1
Building Details
Year Built
2006
Stories
2
Parking Ratio
4 per 1,000 SF
Listing Agency:
Piedmont Real Estate Group Inc
Listed By:
Elise Norman · License #GA
Source:
Crexi
Added: Feb 16
Changed: Aug 29
Last Checked: Aug 29 at 1:03PM
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 Piedmont Real Estate Group Inc
Investment Insights
Based on property information with market context.
This 1,875-square-foot office condominium occupies the second level of a two-story building constructed in 2006. The layout includes 11 built-in cubicles with desk surfaces, two private offices, two restrooms, a kitchen, and an IT closet, providing a mix of open and enclosed work areas.
The property is part of an office park near the Trickum Road and Hwy 92 intersection in Woodstock, Georgia. Parking is allocated at a rate of four spaces per 1,000 square feet. The condominium association has reserves in place, and the office park is maintained.
The property is part of an office park near the Trickum Road and Hwy 92 intersection in Woodstock, Georgia. Parking is allocated at a rate of four spaces per 1,000 square feet. The condominium association has reserves in place, and the office park is maintained.
Key Highlights
- 1,875‑square‑foot second‑floor office condominium in a two‑story building
- 11 built‑in cubicles with desk tops and 2 private offices
- 2 restrooms, kitchen, and IT closet
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
$25,108
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
7.61%
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%
$502,160
$502.2K
Cap Rate 7%
$358,686
$358.7K
Cap Rate 9%
$278,978
$279.0K
Market Conditions
NOI Build-Up for 1,875 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
$44.8K $23.87/SF
− Vacancy
−$11.3K −$6.02/SF
EGI
$33.5K $17.85/SF
− OpEx
−$8.4K −$4.46/SF
NOI
$25.1K $13.39/SF
Area
Cherokee 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%
$502,160
Cap Rate 7%
$358,686
Cap Rate 9%
$278,978
Alternative Uses
Best Use
Office B
$358.7K
$313.9K – $418.5K
NOI $25,108 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$526.5K
$460.7K – $614.3K
NOI $36,855 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Explore this area
Business Placement
Demographics for 30188, GA
67,972
Population
26,759
Households
2.5
Avg Household Size
40
Median Age
47%
College-Educated
95%
High-School Grad
43.7 sq mi
ZIP Area
1,555
Density / Sq Mi
$105,395
Median Household Income
$55,281
Median Earnings
$1,736
Median Rent
$389,100
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 units - Configured workspace includes private offices, built-in workstations, restrooms, a kitchen, and dedicated technology storage.
Where is this office units located?
The property is located at 3380 Trickum Rd Woodstock, GA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,875‑square‑foot second‑floor office condominium in a two‑story building; 11 built‑in cubicles with desk tops and 2 private offices; 2 restrooms, kitchen, and IT closet
