Watkinsville Office Building For
For Sale
Contact for pricing
44 Greensboro Hwy, Watkinsville, GA 30677
Prime commercial property near dining and shopping in Oconee County.
Property Size2,150 SF
Lot Size0.64 Acres
Price / SF$348.84
Days on Market783
Property Features for 44 Greensboro Hwy
General Information
Standard status
Active
Size
2,150 SF
Class
B
Lot size
0.64 Acres
Property subtype
Office, Retail
Zoning
C-3 Commercial
Building Details
Year Built
1988
Year Renovated
2011
Buildings
1
Stories
1
Units
1
Listing Agency:
Marks Commercial Realty, Inc.
Listed By:
Daniel Marks, CCIM · License #GA 324862
Source:
Crexi
Added: Aug 26, 2024
Changed: Oct 15
Last Checked: Oct 16 at 9:23AM
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 Marks Commercial Realty, Inc.
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Investment Insights
Based on property information with market context.
Located in Watkinsville, GA, 44 Greensboro Highway presents a commercial real estate opportunity. This property features a .64 acre lot with a single-story office building offering 2,150 square feet of space. The unoccupied building is situated in Oconee County, near dining and shopping options. The property offers ample parking and a prime commercial setting. Nearby establishments include Barberitos, Chops and Hops, and Jittery Joe’s. New developments are upcoming in the area.
Key Highlights
- Prime commercial location in fast‑growing Oconee County.
- Versatile 2,150 SF single‑story office building.
- Ample parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,829
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,580
$556.6K
Cap Rate 7%
$397,557
$397.6K
Cap Rate 9%
$309,211
$309.2K
Market Conditions
NOI Build-Up for 2,150 SF
Gross rent
$46.4K $21.60/SF
− Vacancy
−$9.3K −$4.34/SF
EGI
$37.1K $17.26/SF
− OpEx
−$9.3K −$4.31/SF
NOI
$27.8K $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%
$556,580
Cap Rate 7%
$397,557
Cap Rate 9%
$309,211
Alternative Uses
Best Use
Office B
$397.6K
$347.9K – $463.8K
NOI $27,829 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.3K
$453.5K – $604.7K
NOI $36,281 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
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 - Prime commercial property near dining and shopping in Oconee County.
Where is this office building located?
The property is located at 44 Greensboro Hwy Watkinsville, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime commercial location in fast‑growing Oconee County.; Versatile 2,150 SF single‑story office building.; Ample parking.
