9-Office Building with
New
For Sale
$499,000
35 W Midland Avenue, Winder, GA 30680
Commercial Sale, Winder, GA
Property Size2,930 SF
Lot Size0.51 Acres
Price / SF$170.31
Days on Market6
Property Features for 35 W Midland Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, On Street
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot
Directions
Use GPS address: 35 W Midland Avenue, Winder, GA 30680. Property is located on West Midland Avenue in downtown Winder.
Standard status
Active
APN
WN12 260
Size
2,930 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3511
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
conference room
kitchen
generator
drive-through window
Building Details
Year built
1968
Flooring type
Brick, Laminate, Carpet
Building materials
Brick
Listing Agency:
Keller Williams Lanier Partners · Keller Williams Realty
(770) 503-7070
Listed By:
Matthew Meeks
(706) 839-7355
Added: Sep 30
Last Checked: Oct 5 at 5:06AM
MLS# 10855797
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.
Built in 1968, this brick office property contains approximately 2,930 square feet on a 0.51-acre parcel. Its layout includes nine offices, a conference room, a kitchen, and 1.5 bathrooms, with flexibility to reconfigure office areas. Furniture is included, and the building has a generator, central heating and air conditioning, and a drive-through window. The roof was replaced approximately four years ago.
The property is located in downtown Winder at 35 W Midland Avenue. B-2 General Commercial zoning applies. A large parking lot and on-street parking serve the site, which also has an accessible approach with a ramp. Public water and public sewer are available.
The property is located in downtown Winder at 35 W Midland Avenue. B-2 General Commercial zoning applies. A large parking lot and on-street parking serve the site, which also has an accessible approach with a ramp. Public water and public sewer are available.
Key Highlights
- Approximately 2,930 square feet on 0.51 acre
- Nine offices, conference room, kitchen, and 1.5 bathrooms
- Drive‑through window and generator
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
$39,236
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
7.86%
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%
$784,720
$784.7K
Cap Rate 7%
$560,514
$560.5K
Cap Rate 9%
$435,956
$436.0K
Market Conditions
NOI Build-Up for 2,930 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
$69.9K $23.87/SF
− Vacancy
−$17.6K −$6.02/SF
EGI
$52.3K $17.85/SF
− OpEx
−$13.1K −$4.46/SF
NOI
$39.2K $13.39/SF
Area
Barrow 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%
$784,720
Cap Rate 7%
$560,514
Cap Rate 9%
$435,956
Alternative Uses
Best Use
Office B
$560.5K
$490.5K – $653.9K
NOI $39,236 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$819.0K
$716.7K – $955.6K
NOI $57,333 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 30680, GA
46,629
Population
17,680
Households
2.6
Avg Household Size
36
Median Age
21%
College-Educated
87%
High-School Grad
94.9 sq mi
ZIP Area
491
Density / Sq Mi
$77,038
Median Household Income
$41,669
Median Earnings
$1,169
Median Rent
$244,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Included furnishings, a generator, and on-site parking support the building’s ready-to-use office configuration.
Where is this office building located?
The property is located at 35 W Midland Avenue Winder, GA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 2,930 square feet on 0.51 acre; Nine offices, conference room, kitchen, and 1.5 bathrooms; Drive‑through window and generator
