Office Space with Half
For Sale
Contact for pricing
48 Racetrack Road, McDonough, GA 30253
Office/Institutional zoning offers a functional layout with one half bathroom in McDonough.
Property Size1,960 SF
Price / SF$1.18
Days on Market87
Property Features for 48 Racetrack Road
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Commercial
Zoning
O/I
Amenities
1.01 acres, Level
Composition
Parcel Number: M23-04005000, Tax Block: B, Lot: 9
Hardwood, Vinyl
Central Air
Central
Listing ID: 10810551, Standard Status: Active, MLS Status: Active, On market as of 2026-07-22, 84 days on market
Parking Lot, Paved
Built in 1960, Construction Materials: Block
County/Parish: Henry
Fixer
Electricity Available, High Speed Internet, Water Source: Public
Accessible Approach with Ramp
Building Details
Building Size
1,960 SF
Year Built
1960
Listing Agency:
MOT-J
(770) 957-7295
Listed By:
William J Pitchford · License #282764
(864) 920-0303
Source:
Blackstreaminternational
Added: Jul 22
Changed: Oct 15
Last Checked: Oct 15 at 12:41AM
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 MOT-J
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Investment Insights
Based on property information with market context.
This office space is located at 48 Racetrack Road and is zoned Office/Institutional (O/I). The unit includes a functional office layout designed to support approved office and institutional uses, along with one half bathroom.
The property is positioned in a convenient McDonough location with easy access to major roadways. Prospective tenants are encouraged to verify that their intended business use complies with Henry County O/I zoning requirements prior to leasing.
The property is positioned in a convenient McDonough location with easy access to major roadways. Prospective tenants are encouraged to verify that their intended business use complies with Henry County O/I zoning requirements prior to leasing.
Key Highlights
- Office/institutional (O/I) zoning for approved office and institutional uses
- Convenient McDonough location with easy access to major roadways
- Functional office layout suitable for a variety of office users
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,074
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,480
$341.5K
Cap Rate 7%
$243,914
$243.9K
Cap Rate 9%
$189,711
$189.7K
Market Conditions
NOI Build-Up for 1,275 SF
Gross rent
$30.4K $23.87/SF
− Vacancy
−$7.7K −$6.02/SF
EGI
$22.8K $17.85/SF
− OpEx
−$5.7K −$4.46/SF
NOI
$17.1K $13.39/SF
Area
Henry 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%
$341,480
Cap Rate 7%
$243,914
Cap Rate 9%
$189,711
Alternative Uses
Best Use
Office B
$243.9K
$213.4K – $284.6K
NOI $17,074 @ 7.0% cap · market cap 1,138.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.4K
$311.9K – $415.8K
NOI $24,949 @ 7.0% cap · market cap 1,663.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Explore this area
Business Placement
Demographics for 30253, GA
62,025
Population
22,889
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
93%
High-School Grad
46.9 sq mi
ZIP Area
1,322
Density / Sq Mi
$81,601
Median Household Income
$43,433
Median Earnings
$1,627
Median Rent
$281,000
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 units - Office/Institutional zoning offers a functional layout with one half bathroom in McDonough.
Where is this office units located?
The property is located at 48 Racetrack Road McDonough, GA.
What are key features of this property?
This property features: Office/institutional (O/I) zoning for approved office and institutional uses; Convenient McDonough location with easy access to major roadways; Functional office layout suitable for a variety of office users
