Office Building with Private
For Sale
$1,300,000
3985 Steve Reynolds Boulevard #BLDG P, Norcross, GA 30093
Eight private offices, two conference rooms and a collaboration area provide a defined setup for professional operations.
Property Size4,500 SF
Price / SF$288.89
Days on Market143
Property Features for 3985 Steve Reynolds Boulevard #BLDG P
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
AA030
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$11,885
Amenities
reception area
waiting room
private offices
conference rooms
collaboration space
kitchen with break room area
washer and dryer
shower facility
natural light
Building Details
Building Size
4,500 SF
Year Built
2007
Buildings
1
Construction
brick
Listing Agency:
Keller Williams Chattahoochee
(678) 578-2700
Listed By:
Cameron Peery
(404) 398-9766
Source:
Connersmithrealty
Added: Jun 10
Changed: Oct 29
Last Checked: Oct 26 at 3:55AM
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 Keller Williams Chattahoochee
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Investment Insights
Based on property information with market context.
This 4,500-square-foot office building, constructed in 2007, has a reception area, separate waiting room, eight private offices, two conference rooms and a flexible collaboration area. A kitchen and break room, washer and dryer, and full shower add employee amenities. The brick exterior and natural light contribute to the building’s interior and exterior character. The property has undergone renovation and includes parking. Zoning is AA030.
At 3985 Steve Reynolds Boulevard, Building P, in Norcross, the property offers access to I-85 and Jimmy Carter Boulevard. The stated configuration and amenities support professional service operations, including law, insurance, accounting, medical, engineering, technology and real estate offices.
At 3985 Steve Reynolds Boulevard, Building P, in Norcross, the property offers access to I-85 and Jimmy Carter Boulevard. The stated configuration and amenities support professional service operations, including law, insurance, accounting, medical, engineering, technology and real estate offices.
Key Highlights
- 4,500‑square‑foot office building, constructed in 2007
- Eight private offices and two conference rooms
- Reception, dedicated waiting area and flexible collaboration space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,260
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,200
$1.2M
Cap Rate 7%
$860,857
$860.9K
Cap Rate 9%
$669,556
$669.6K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$107.4K $23.87/SF
− Vacancy
−$27.1K −$6.02/SF
EGI
$80.3K $17.85/SF
− OpEx
−$20.1K −$4.46/SF
NOI
$60.3K $13.39/SF
Area
Gwinnett County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,200
Cap Rate 7%
$860,857
Cap Rate 9%
$669,556
Alternative Uses
Best Use
Office B
$860.9K
$753.3K – $1.00M
NOI $60,260 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,055 @ 7.0% cap · market cap 6.77%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Explore this area
Business Placement
Demographics for 30093, GA
55,364
Population
20,303
Households
2.7
Avg Household Size
31
Median Age
21%
College-Educated
69%
High-School Grad
12.0 sq mi
ZIP Area
4,614
Density / Sq Mi
$50,690
Median Household Income
$34,643
Median Earnings
$1,574
Median Rent
$245,900
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 - Eight private offices, two conference rooms and a collaboration area provide a defined setup for professional operations.
Where is this office building located?
The property is located at 3985 Steve Reynolds Boulevard #BLDG P Norcross, GA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,500‑square‑foot office building, constructed in 2007; Eight private offices and two conference rooms; Reception, dedicated waiting area and flexible collaboration space
