Professional Office
New
For Sale
$285,000
5971 Parkway N Boulevard, Cumming, GA 30040
Commercial Sale, Cumming, GA
Property Size1,250 SF
Lot Size0.01 Acres
Price / SF$228
Days on Market4
Property Features for 5971 Parkway N Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning
CBD
Parking
6
Parking features
Parking Lot
Security features
Security Lighting
Window features
Insulated Windows
Interior features
Reception Area
Accessibility
Accessible Approach with Ramp
Lot features
Business Park
View
City
Directions
GPS is best. Easy to find!
Standard status
Active
APN
106 738
Size
1,250 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2458
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Flooring type
Carpet, Tile - Ceramic
Building materials
Brick 4 Sides
Roof type
Asphalt
Listing Agency:
ARB Realty, LLC.
(770) 667-0022
Listed By:
JAWAID NAEEM · License #250738
(770) 394-0100
Added: Sep 17
Changed: Sep 18
Last Checked: Sep 20 at 8:06AM
MLS# 7839418
Copyright © 2026 First Multiple Listing Service, Inc. 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.
Unit 200-A offers 1,250 square feet within a brick office building constructed in 2005. The layout includes a reception area, with carpet and ceramic tile flooring. Central heating and cooling, electric heat, central air, and ceiling fans support the interior environment. An accessible approach with ramp is also provided.
The property is located at 5971 Parkway N Boulevard in Cumming, Georgia, with parking available in a dedicated lot. Public water and public sewer serve the property, while cable is available. Zoned CBD, the office unit is scheduled to become available November 1, 2026, and is positioned for office, professional, or commercial use as identified in the property information.
The property is located at 5971 Parkway N Boulevard in Cumming, Georgia, with parking available in a dedicated lot. Public water and public sewer serve the property, while cable is available. Zoned CBD, the office unit is scheduled to become available November 1, 2026, and is positioned for office, professional, or commercial use as identified in the property information.
Key Highlights
- 1,250‑square‑foot office unit identified as Unit 200‑A
- CBD zoning supports the property's commercial office classification
- Brick 4 Sides construction; year built 2005
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
$16,739
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
5.87%
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%
$334,780
$334.8K
Cap Rate 7%
$239,129
$239.1K
Cap Rate 9%
$185,989
$186.0K
Market Conditions
NOI Build-Up for 1,250 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
$29.8K $23.87/SF
− Vacancy
−$7.5K −$6.02/SF
EGI
$22.3K $17.85/SF
− OpEx
−$5.6K −$4.46/SF
NOI
$16.7K $13.39/SF
Area
Forsyth 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 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%
$334,780
Cap Rate 7%
$239,129
Cap Rate 9%
$185,989
Alternative Uses
Best Use
Office B
$239.1K
$209.2K – $279.0K
NOI $16,739 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.4K
$305.8K – $407.7K
NOI $24,460 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
Business Placement
Demographics for 30040, GA
81,191
Population
27,642
Households
2.9
Avg Household Size
38
Median Age
55%
College-Educated
93%
High-School Grad
57.7 sq mi
ZIP Area
1,407
Density / Sq Mi
$133,028
Median Household Income
$60,926
Median Earnings
$1,883
Median Rent
$474,400
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 units - Office unit with reception area, parking-lot access, and a brick exterior in a professional commercial building.
Where is this office units located?
The property is located at 5971 Parkway N Boulevard Cumming, GA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,250‑square‑foot office unit identified as Unit 200‑A; CBD zoning supports the property's commercial office classification; Brick 4 Sides construction; year built 2005
