Two-Story Office
For Sale
$995,000
3651 Mars Hill Road #800, Watkinsville, GA 30677
Four occupied suites are configured for professional office use, with shared parking serving the building.
Property Size4,692 SF
Price / SF$212.06
Days on Market154
Property Features for 3651 Mars Hill Road #800
General Information
Standard status
Active
Size
4,692 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
OIP, Commercial
Occupancy
100%
Additional Details
Condition
Built-Out
Highway Access
Yes
Office Units
4
Tenant in Place
Yes
Property Use
Office
Amenities
covered entry
Building Details
Building Size
4,692 SF
Year Built
2007
Buildings
1
Stories
2
Construction
brick and frame
Tenancy
Multi
Listing Agency:
DUFFUS REALTY INC.
Listed By:
Liles Stott · License #87052OFFICEC1844
(252) 756-5395
Source:
Duffusrealty
Added: May 27
Changed: Oct 25
Last Checked: Oct 26 at 3:43AM
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 DUFFUS REALTY INC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Building 800 is a two-story office condominium with 4,692 square feet and four suites, all occupied by tenants. Constructed in 2007, it has a brick-and-frame exterior, a covered entrance, and shared parking. The suites are configured for professional office use, and the property is zoned OIP, Commercial.
The building is at 3651 Mars Hill Road in Oconee County, less than one mile from Highway 316 and Highway 78. Downtown Athens is about 10 minutes away, Epps Bridge Centre is nearby, and Atlanta is roughly an hour away via Highway 316.
The building is at 3651 Mars Hill Road in Oconee County, less than one mile from Highway 316 and Highway 78. Downtown Athens is about 10 minutes away, Epps Bridge Centre is nearby, and Atlanta is roughly an hour away via Highway 316.
Key Highlights
- 4,692‑square‑foot office condominium across two stories
- Four occupied suites configured for professional office use
- Built in 2007 with a brick‑and‑frame exterior and covered entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,732
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,214,640
$1.2M
Cap Rate 7%
$867,600
$867.6K
Cap Rate 9%
$674,800
$674.8K
Market Conditions
NOI Build-Up for 4,692 SF
Gross rent
$101.3K $21.60/SF
− Vacancy
−$20.4K −$4.34/SF
EGI
$81.0K $17.26/SF
− OpEx
−$20.2K −$4.31/SF
NOI
$60.7K $12.94/SF
Area
Oconee County, GA
Vacancy
20.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,214,640
Cap Rate 7%
$867,600
Cap Rate 9%
$674,800
Alternative Uses
Best Use
Office B
$867.6K
$759.2K – $1.01M
NOI $60,732 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$989.7K – $1.32M
NOI $79,177 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Explore this area
Business Placement
Demographics for 30677, GA
20,579
Population
7,797
Households
2.6
Avg Household Size
41
Median Age
55%
College-Educated
97%
High-School Grad
122.2 sq mi
ZIP Area
168
Density / Sq Mi
$103,165
Median Household Income
$49,399
Median Earnings
$1,403
Median Rent
$394,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Four occupied suites are configured for professional office use, with shared parking serving the building.
Where is this office building located?
The property is located at 3651 Mars Hill Road #800 Watkinsville, GA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,692‑square‑foot office condominium across two stories; Four occupied suites configured for professional office use; Built in 2007 with a brick‑and‑frame exterior and covered entrance
