3651 Mars Hill Road, Watkinsville, GA 30677
SINGLE_FAMILY - Watkinsville, GA
- Added:
- May 27, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 9 at 10:06 pm
Property Features for 3651 Mars Hill Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- OIP
- Parking
- 10
- Appliances
- Electric Water Heater, Microwave, Refrigerator
- Standard status
- Active
- APN
- B 02L 080
- Size
- 4,692 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2018
- Tax Description
- 1632 208
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2007
- Floors in Building
- 2
- Building materials
- Brick
Listing agent Brian Elrod License #251606 (678) 859-6110
Listing office NAI Elrod Group 3651 Mars Hill Road, Suite 2200, Watkinsville, GA (706) 553-1000
Listing date May 27, 2026
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully leased office condominium building (Building 800) at The Summit at Mars Hill
- 4,692 SF across two stories; built in 2007 with brick and frame exterior
- All four suites are currently occupied with professional office tenant build‑outs
- Public utilities: public water and public sewer
- Covered entry and ample shared parking for tenants and visitors
- Tenants equipped with appliances including electric water heater, microwave, and refrigerator
Overview
The property is located in The Summit at Mars Hill off Mars Hill Road in Oconee County, with Highway 316 and Highway 78 both less than two miles away. 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. The building is zoned OIP.
This offering is well-suited for investors seeking an office condominium structure with income in place and no lease-up required, supported by the current occupancy across all four suites. It also may appeal to professional tenants or owner-operators looking for a smaller, purpose-built office footprint where suites are already configured for office use. Shared parking and a covered entry contribute to daily accessibility for occupants and visitors.
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
