3651 Mars Hill #800, Watkinsville, GA 30677
Two-story office condominium with four occupied suites, built in 2007, featuring covered entry and shared parking.
- Added:
- Jun 9, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 13 at 2:21 am
Property Features for 3651 Mars Hill #800
General Information
- Standard status
- Active
- Size
- 4,692 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing agent BRIAN ELROD
Listing office NAI ELROD GROUP
Listing date Jun 9, 2026
Source Corcoran
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 NAI ELROD GROUP
HighLights
- Fully leased two‑story office condominium (Building 800) at The Summit at Mars Hill
- 4,692 SF across two stories, built in 2007
- All four suites are occupied with professional office build‑outs and tenants in place
- Brick and frame exterior with covered entry
- Ample shared parking for tenants and visitors
- Located off Mars Hill Road in Oconee County, less than 2 miles from Hwy 316 and Hwy 78
Overview
The building is located in The Summit at Mars Hill off Mars Hill Road in Oconee County. It sits less than two miles from both Highway 316 and Highway 78. Downtown Athens is approximately 10 minutes away, and Epps Bridge Centre is described as just up the road. Atlanta is roughly an hour away via 316.
For investors, this is a straightforward acquisition because the building is already fully occupied with tenants in place, with no lease-up required. For owner-operators or partners seeking a stabilized, multi-suite office format, the existing professional office buildouts and shared-site parking support continued occupancy and straightforward day-to-day management.
Local 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 | $101.3k | $21.60 |
| − Vacancy | −$20.4k | −$4.34 |
| EGI | $81.0k | $17.26 |
| − OpEx | −$20.2k | −$4.31 |
| NOI | $60.7k | $12.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Watkinsville
- County
- Oconee
- State
- Georgia
- Longitude
- -83.501987
- Latitude
- 33.915307
