Ground-Floor Office
For Sale
Contact for pricing
3722 Atlanta Highway Suite 5, Athens, GA 30606
The layout is identified for medical, legal, accounting, insurance, counseling, engineering, and general office use.
Property Size2,520 SF
Price / SF$160.71
Days on Market10
Property Features for 3722 Atlanta Highway Suite 5
General Information
Standard status
Active
Size
2,520 SF
Class
B
Total Parking Spaces
20
Property subtype
Office
Zoning
CG
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
Ground Floor
Building Details
Year Built
1985
Buildings
1
Stories
1
Units
1
Listing Agency:
Stirling Real Estate Advisors
Listed By:
Jerry Jackson · License #GA#354701
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 7 at 3:44AM
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 Stirling Real Estate Advisors
Investment Insights
Based on property information with market context.
This 2,520-square-foot office unit occupies the ground floor at 3722 Atlanta Highway Suite 5. The space combines two former units into one larger configuration, providing a single office environment for professional operations. Built in 1985, the property carries CG zoning and is identified for medical, legal, accounting, insurance, counseling, engineering, and general office use.
The property is located along Atlanta Highway in Athens, with access to Highway 78, Highway 316, and Loop 10. The University of Georgia is also identified as a nearby point of reference. The address is 3722 Atlanta Highway Suite 5, Athens, GA 30606.
The property is located along Atlanta Highway in Athens, with access to Highway 78, Highway 316, and Loop 10. The University of Georgia is also identified as a nearby point of reference. The address is 3722 Atlanta Highway Suite 5, Athens, GA 30606.
Key Highlights
- 2,520‑square‑foot ground‑floor office unit
- Two former units combined into one larger space
- CG zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,659
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$653,180
$653.2K
Cap Rate 7%
$466,557
$466.6K
Cap Rate 9%
$362,878
$362.9K
Market Conditions
NOI Build-Up for 2,520 SF
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.
Gross rent
$60.5K $24.00/SF
− Vacancy
−$6.0K −$2.40/SF
EGI
$54.4K $21.60/SF
− OpEx
−$21.8K −$8.64/SF
NOI
$32.7K $12.96/SF
Area
Athens, GA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$653,180
Cap Rate 7%
$466,557
Cap Rate 9%
$362,878
Alternative Uses
Best Use
Healthcare Medical
$466.6K
$408.2K – $544.3K
NOI $32,659 @ 7.0% cap · market cap 8.06%
Second Best
Office B
$466.0K
$407.7K – $543.6K
NOI $32,618 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$607.5K
$531.6K – $708.8K
NOI $42,525 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Explore this area
Business Placement
Demographics for 30606, GA
46,798
Population
22,603
Households
2.1
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
30.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$61,397
Median Household Income
$35,854
Median Earnings
$1,222
Median Rent
$332,600
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 units - The layout is identified for medical, legal, accounting, insurance, counseling, engineering, and general office use.
Where is this office units located?
The property is located at 3722 Atlanta Highway Suite 5 Athens, GA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 2,520‑square‑foot ground‑floor office unit; Two former units combined into one larger space; CG zoning
