Renovated Four-Suite Office
New
For Sale
$1,689,000
413 Creekstone Ridge, Woodstock, GA 30188
Commercial Sale, Woodstock, GA
Property Size8,800 SF
Lot Size0.41 Acres
Price / SF$191.93
Days on Market2
Property Features for 413 Creekstone Ridge
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
18
Parking features
Parking Lot, On Street
Lot features
Business Park, Level
Directions
From Atlanta: take I-75N to Exit 268 for I-575N toward canton. Take Exit 7 for GA-92N towards Roswell. Turn left onto Woodpark Pl. Turn left onto Creekstone Ridge. Look for #401-413 on the left.
Standard status
Active
APN
15N12F 413
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2748
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1999
Flooring type
Tile, Laminate, Carpet
Building materials
Brick
Roof type
Tar/Gravel
Listing Agency:
Chapman Hall Realtors
(404) 252-9500
Listed By:
Yelena V Grinchuk · License #240549
(404) 642-7772
Added: Sep 1
Last Checked: Sep 2 at 1:06AM
MLS# 10837390
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This one-story office building includes a basement and four separately configured office suites. Each suite provides private office rooms, a reception area, conference room, kitchen and eating area, two baths, and storage. Recent improvements include new paint, flooring, and lighting throughout the suites. The building was constructed in 1999 with brick construction, tile, laminate, and carpet flooring, plus central air and forced-air heating.
The property occupies 0.41 acres in Woodstock, Georgia, with convenient connections to Highway 92 and Highway 575. Eighteen dedicated parking spaces are provided, along with additional on-street parking. Public water and public sewer serve the property. All four suites are currently 100% leased, with annual base-rent escalations of 2-4%.
The property occupies 0.41 acres in Woodstock, Georgia, with convenient connections to Highway 92 and Highway 575. Eighteen dedicated parking spaces are provided, along with additional on-street parking. Public water and public sewer serve the property. All four suites are currently 100% leased, with annual base-rent escalations of 2-4%.
Key Highlights
- Four office suites, each with offices, reception, conference room, kitchen, two baths, and storage
- All suites currently 100% leased with 2‑4% annual base‑rent escalations
- Recent suite improvements include new paint, flooring, and lighting
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
$117,841
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
6.98%
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%
$2,356,820
$2.4M
Cap Rate 7%
$1,683,443
$1.7M
Cap Rate 9%
$1,309,344
$1.3M
Market Conditions
NOI Build-Up for 8,800 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
$210.1K $23.87/SF
− Vacancy
−$52.9K −$6.02/SF
EGI
$157.1K $17.85/SF
− OpEx
−$39.3K −$4.46/SF
NOI
$117.8K $13.39/SF
Area
Cherokee 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 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%
$2,356,820
Cap Rate 7%
$1,683,443
Cap Rate 9%
$1,309,344
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,841 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,973 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 30188, GA
67,972
Population
26,759
Households
2.5
Avg Household Size
40
Median Age
47%
College-Educated
95%
High-School Grad
43.7 sq mi
ZIP Area
1,555
Density / Sq Mi
$105,395
Median Household Income
$55,281
Median Earnings
$1,736
Median Rent
$389,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - One-story office property with basement space, dedicated parking, and access to Highway 92 and Highway 575.
Where is this office building located?
The property is located at 413 Creekstone Ridge Woodstock, GA.
What is the asking price?
The asking price for this property is $1,689,000.
What are key features of this property?
This property features: Four office suites, each with offices, reception, conference room, kitchen, two baths, and storage; All suites currently 100% leased with 2‑4% annual base‑rent escalations; Recent suite improvements include new paint, flooring, and lighting
