Single-Tenant Office Building
For Sale
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3505 DULUTH PARK LN Building 300, Duluth, GA 30096
Single-tenant office building with a long-term tenant since 2010 and a lease extending through June 30, 2027.
Property Size5,850 SF
Price / SF$239.32
Days on Market62
Property Features for 3505 DULUTH PARK LN Building 300
General Information
Standard status
Active
Size
5,850 SF
Property subtype
Office
Occupancy
100%
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
RE/MAX Center - The David Freeman Team
(770) 605-8841
Listed By:
Drew Curtin · License #356754
Source:
Crexi
Added: Jun 5
Changed: Jul 10
Last Checked: Aug 5 at 7:09AM
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 RE/MAX Center - The David Freeman Team
Investment Insights
Based on property information with market context.
This single-tenant office property consists of approximately 5,850 square feet and is currently occupied by a long-term tenant operating at the location since 2010. The existing lease has a remaining term through June 30, 2027, with two additional three-year renewal options. Under the lease structure, the tenant is responsible for paying real estate taxes and utilities, while the ownership group is responsible for building insurance and association dues.
Located in the City of Duluth in Gwinnett County, the property is minutes from Northside Duluth Hospital. Association dues help cover common area maintenance items, including parking lot maintenance, sidewalks, landscaping, trash service, and other common area expenses. This setup is designed to reduce certain ownership responsibilities by shifting key operational costs and common area items through the association.
For investors or owner-operators looking for a stabilized office asset, the current tenancy and defined lease term provide established occupancy. The operating expense framework also assigns specific costs to the tenant (taxes and utilities) and to ownership (insurance and association dues), which can help streamline underwriting and ongoing management for those seeking a straightforward, tenant-supported office investment.
Located in the City of Duluth in Gwinnett County, the property is minutes from Northside Duluth Hospital. Association dues help cover common area maintenance items, including parking lot maintenance, sidewalks, landscaping, trash service, and other common area expenses. This setup is designed to reduce certain ownership responsibilities by shifting key operational costs and common area items through the association.
For investors or owner-operators looking for a stabilized office asset, the current tenancy and defined lease term provide established occupancy. The operating expense framework also assigns specific costs to the tenant (taxes and utilities) and to ownership (insurance and association dues), which can help streamline underwriting and ongoing management for those seeking a straightforward, tenant-supported office investment.
Key Highlights
- Single‑tenant office building built in 2003 with approx. 5,850 SF
- Long‑term tenant operating since 2010
- Lease term remaining through June 30, 2027, with two (2) additional three‑year renewal options
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.6k | $23.87 |
| − Vacancy | −$35.2k | −$6.02 |
| EGI | $104.5k | $17.85 |
| − OpEx | −$26.1k | −$4.46 |
| NOI | $78.3k | $13.39 |
5,850 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.12M
$979.2K – $1.31M
NOI $78,338 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,471 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 30096, GA
69,953
Population
28,903
Households
2.4
Avg Household Size
36
Median Age
42%
College-Educated
90%
High-School Grad
22.7 sq mi
ZIP Area
3,082
Density / Sq Mi
$75,478
Median Household Income
$43,080
Median Earnings
$1,741
Median Rent
$342,700
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 - Single-tenant office building with a long-term tenant since 2010 and a lease extending through June 30, 2027.
Where is this office building located?
The property is located at 3505 DULUTH PARK LN Building 300 Duluth, GA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Single‑tenant office building built in 2003 with approx. 5,850 SF; Long‑term tenant operating since 2010; Lease term remaining through June 30, 2027, with two (2) additional three‑year renewal options
