Fully Leased Two-Story Office
For Sale
Under Contract
$995,000
3651 Mars Hill Road, Watkinsville, GA 30677
Commercial Sale, Watkinsville, GA
Property Size4,692 SF
Lot Size0.05 Acres
Price / SF$212.06
Days on Market156
Property Features for 3651 Mars Hill Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OIP
Zoning description
Commercial
Parking
10
Appliances
Electric Water Heater, Microwave, Refrigerator
Directions
Coming from Athens take 316, turn Left onto Julian Dr. At the stop sign turn Left on to Mars Hill Rd, The Summit At Mars Hill will immediately be on your Right.
Standard status
Active Under Contract
APN
B 02L 080
Size
4,692 SF
Lot size
0.05 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Year
2018
Tax Description
1632 208
HOA Fee
$1,080 Quarterly
Legal Description
1632 208
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
covered entry
Building Details
Year built
2007
Floors in Building
2
Building materials
Brick
Buildings
1
Listing Agency:
NAI Elrod Group
(706) 553-1000
Listed By:
Brian Elrod · License #251606
(678) 859-6110
Added: May 27
Changed: Oct 29
Last Checked: Oct 29 at 3:06AM
MLS# CL357888
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.
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Investment Insights
Based on property information with market context.
Building 800 is a two-story office property totaling 4,692 square feet. Constructed in 2007, it contains four suites, all occupied and configured for professional office use. The building includes a covered entrance and shared parking, with public water and public sewer serving the property. OIP zoning is in place.
The property is located at The Summit at Mars Hill on Mars Hill Road in Watkinsville, Oconee County. Highway 316 and Highway 78 are each less than one mile away. Downtown Athens is approximately 10 minutes from the property, while Epps Bridge Centre is nearby and Atlanta is roughly an hour via 316.
The property is located at The Summit at Mars Hill on Mars Hill Road in Watkinsville, Oconee County. Highway 316 and Highway 78 are each less than one mile away. Downtown Athens is approximately 10 minutes from the property, while Epps Bridge Centre is nearby and Atlanta is roughly an hour via 316.
Key Highlights
- 4,692‑square‑foot office condominium building across two stories
- All four suites are occupied and built out for professional office use
- Constructed in 2007
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Four occupied suites offer established professional office buildouts within a shared commercial setting.
Where is this office building located?
The property is located at 3651 Mars Hill Road 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 building across two stories; All four suites are occupied and built out for professional office use; Constructed in 2007
