Office Building with Detached
New
For Sale
$199,000
5834 N Henry Boulevard, Stockbridge, GA 30281
Commercial Sale, Stockbridge, GA
Property Size1,961 SF
Lot Size0.70 Acres
Price / SF$101.48
Days on Market4
Property Features for 5834 N Henry Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Level
Directions
FROM I-75 S: EXIT 228, TURN LEFT ON HWY 138. TURN RIGHT ON N HENRY BLVD. PROPERTY ON LEFT. Look for the red Adams AMI sign
Standard status
Active
APN
S0102001001
Size
1,961 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3746
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1938
Building materials
Frame
Roof type
Composition
Listing Agency:
Adams Asset Management Inc.
(678) 300-9090
Listed By:
Kelly Adams Cooley
(770) 914-0369
Added: Sep 20
Changed: Sep 22
Last Checked: Sep 23 at 9:06AM
MLS# 10849852
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.
Built in 1938, this office property includes a kitchen, full bath, parking lot, and a detached 2-car garage. The separate garage provides enclosed space for vehicles, tools, equipment, or storage. The property is offered as-is and includes public water and public sewer service.
Located on N. Henry Boulevard, the site has approximately 136 feet of road frontage, direct driveway access, and traffic of approximately 15,100 vehicles per day. The property offers convenient access to I-675 and I-75. Approximately 0.71 acre lies outside the cell tower lease area; the cell tower lease does not convey with the sale. Buyers should verify zoning requirements for intended use.
Located on N. Henry Boulevard, the site has approximately 136 feet of road frontage, direct driveway access, and traffic of approximately 15,100 vehicles per day. The property offers convenient access to I-675 and I-75. Approximately 0.71 acre lies outside the cell tower lease area; the cell tower lease does not convey with the sale. Buyers should verify zoning requirements for intended use.
Key Highlights
- C‑3 zoning with office building and detached 2‑car garage
- Approximately 136 feet of road frontage on N. Henry Boulevard
- Traffic of approximately 15,100 vehicles per day
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
$11,946
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
6.00%
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%
$238,920
$238.9K
Cap Rate 7%
$170,657
$170.7K
Cap Rate 9%
$132,733
$132.7K
Market Conditions
NOI Build-Up for 1,961 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
$18.6K $9.48/SF
− Vacancy
−$1.5K −$0.78/SF
EGI
$17.1K $8.70/SF
− OpEx
−$5.1K −$2.61/SF
NOI
$11.9K $6.09/SF
Area
Henry County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$238,920
Cap Rate 7%
$170,657
Cap Rate 9%
$132,733
Alternative Uses
Best Use
Office B
$375.1K
$328.3K – $437.7K
NOI $26,260 @ 7.0% cap · market cap 13.20%
Second Best
Industrial
$170.7K
$149.3K – $199.1K
NOI $11,946 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$548.2K
$479.7K – $639.5K
NOI $38,372 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 30281, GA
69,540
Population
29,546
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
69.3 sq mi
ZIP Area
1,003
Density / Sq Mi
$70,587
Median Household Income
$43,672
Median Earnings
$1,427
Median Rent
$235,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - C-3 office property with a separate garage, kitchen, full bath, and direct driveway access.
Where is this office building located?
The property is located at 5834 N Henry Boulevard Stockbridge, GA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: C‑3 zoning with office building and detached 2‑car garage; Approximately 136 feet of road frontage on N. Henry Boulevard; Traffic of approximately 15,100 vehicles per day
