Multi-Tenant Retail and Office
4246 Washington Rd Evans, GA 30809
4246 Washington Rd, Evans, GA, 30809
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For Sale
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Two-story professional office and retail building with six tenants and 100% occupancy, sold fully stabilized.
Property Size10,000 SF
Price / SF$200
Days on Market111
Property Features for 4246 Washington Rd
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2007
Listing agency
Meybohm Commercial
(706) 863-8182
Listed by
Jordan Collier · License #GA 354980
Source
Crexi
Added: Apr 3 Updated: Jul 21 at 4:44PM Checked: Jul 21 at 4:44PM
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 Meybohm Commercial
Investment Insights
Based on property information with market context.
Evans Professional Center is a two-story, fully stabilized, multi-tenant retail and professional office building. The property is 100% occupied with six tenants and features a weighted average lease term of over 12 years.
Located at 4246 Washington Rd in Evans, Georgia, the center’s tenant mix spans personal services, wellness, and office uses. The property is described as backed by built-in rental escalations across all leases and is structured as a gross lease.
The asset also cites a surrounding retail environment that includes national retailers such as Target, Kohl’s, Lowe’s, and Chick-fil-A, supporting day-to-day demand for the on-site tenant mix.
Located at 4246 Washington Rd in Evans, Georgia, the center’s tenant mix spans personal services, wellness, and office uses. The property is described as backed by built-in rental escalations across all leases and is structured as a gross lease.
The asset also cites a surrounding retail environment that includes national retailers such as Target, Kohl’s, Lowe’s, and Chick-fil-A, supporting day-to-day demand for the on-site tenant mix.
Key Highlights
- Two‑story 110,000 SF professional office and retail building built in 2007
- Multi‑tenant asset with 6 tenants and 100% occupancy
- Weighted average lease term of over 12 years
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 | $240.0k | $24.00 |
| − Vacancy | −$36.0k | −$3.60 |
| EGI | $204.0k | $20.40 |
| − OpEx | −$51.0k | −$5.10 |
| NOI | $153.0k | $15.30 |
10,000 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $153,000 @ 7.0% cap · market cap 7.65%
Second Best
Retail
$1.59M
$1.39M – $1.86M
NOI $111,399 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$3.16M
$2.76M – $3.68M
NOI $220,948 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Evans Professional Center
Shopping Center & Mall
Child Evangelism Fellowship
Church
Kimberly Natson
Physician
Flack Family Chiropractic
Alternative Medicine Practice
Kessler Davis Hair
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story professional office and retail building with six tenants and 100% occupancy, sold fully stabilized.
Where is this office building located?
The property is located at 4246 Washington Rd Evans, GA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Two‑story 110,000 SF professional office and retail building built in 2007; Multi‑tenant asset with 6 tenants and 100% occupancy; Weighted average lease term of over 12 years
