Mixed-Use Office Property with
New
For Sale
$349,000
585 E Robinson Ave, Grovetown, GA 30813
Professional office space is paired with a separately metered upstairs apartment and dedicated on-site parking.
Property Size1,881 SF
Days on Market2
Property Features for 585 E Robinson Ave
General Information
Standard status
Active
Size
1,881 SF
Class
B
Total Parking Spaces
14
Property subtype
Office - General Office
Zoning
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Office Units
1
Building Details
Building Size
1,881 SF
Year Built
1987
Buildings
1
Listing Agency:
Newman Real Estate
Listed By:
Dean Newman · License #281453
(803) 649-9120
Source:
Commercialcafe
Added: Sep 1
Last Checked: Sep 1 at 9:02PM
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 Newman Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property combines a professional office with an independently accessible residential apartment above. The office contains approximately 1,881 SF, including a reception area, two private offices, a kitchen, and one bathroom. The upstairs apartment measures about 600 square feet and includes a living room, two bedrooms, kitchen, and bathroom. Separate electrical metering supports independent operation of the residential portion. The building was constructed in 1987 and has an approximately one-year-old roof, along with public water and sewer service.
Positioned on a corner lot along East Robinson Avenue, the property includes a prominent pole sign and 14 dedicated parking spaces. The road carries more than 15,000 vehicles per day. Gate 6 at Fort Gordon is 2.3 miles away, while Interstate 20 is approximately 3.2 miles from the site. General Commercial zoning and nearby commercial and residential development add context for the property’s mixed-use configuration.
Positioned on a corner lot along East Robinson Avenue, the property includes a prominent pole sign and 14 dedicated parking spaces. The road carries more than 15,000 vehicles per day. Gate 6 at Fort Gordon is 2.3 miles away, while Interstate 20 is approximately 3.2 miles from the site. General Commercial zoning and nearby commercial and residential development add context for the property’s mixed-use configuration.
Key Highlights
- Mixed‑use building with approximately 1,881 SF of office space and about 600 square feet upstairs
- Upstairs apartment includes two bedrooms, living room, kitchen, and bathroom
- Office layout features reception area, two grand offices, kitchen, and one bathroom
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
$28,779
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
8.25%
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%
$575,580
$575.6K
Cap Rate 7%
$411,129
$411.1K
Cap Rate 9%
$319,767
$319.8K
Market Conditions
NOI Build-Up for 1,881 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
$45.1K $24.00/SF
− Vacancy
−$6.8K −$3.60/SF
EGI
$38.4K $20.40/SF
− OpEx
−$9.6K −$5.10/SF
NOI
$28.8K $15.30/SF
Area
Columbia County, GA
Vacancy
15.00%
Lease Rate
$24.00 /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%
$575,580
Cap Rate 7%
$411,129
Cap Rate 9%
$319,767
Alternative Uses
Best Use
Office B
$411.1K
$359.7K – $479.7K
NOI $28,779 @ 7.0% cap · market cap 8.25%
Second Best
Mixed Use
$326.5K
$285.7K – $380.9K
NOI $22,854 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$593.7K
$519.5K – $692.7K
NOI $41,560 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 30813, GA
49,376
Population
18,626
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
50.4 sq mi
ZIP Area
980
Density / Sq Mi
$83,890
Median Household Income
$49,871
Median Earnings
$1,404
Median Rent
$270,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Professional office space is paired with a separately metered upstairs apartment and dedicated on-site parking.
Where is this mixed-use property located?
The property is located at 585 E Robinson Ave Grovetown, GA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Mixed‑use building with approximately 1,881 SF of office space and about 600 square feet upstairs; Upstairs apartment includes two bedrooms, living room, kitchen, and bathroom; Office layout features reception area, two grand offices, kitchen, and one bathroom
