Fully Leased Office
800-3651 Mars Hill Rd, Watkinsville, GA 30677
For Sale
$995,000
Two-story condominium asset with four occupied professional office suites and shared parking.
Property Size4,692 SF
Price / SF$212.06
Days on Market167
Property Features for 800-3651 Mars Hill Rd
General Information
Standard status
Size
Occupancy
Site & Location
Highway Access
Road Access
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Amenities
covered entry
Building Details
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
NAI Elrod Group
(706) 553-1000
Listed By:
Brian Elrod · License GA #251606
(678) 859-6110
Source:
Exprealty
Added: May 27
Changed: Nov 7
Last Checked: Nov 8 at 10:49AM
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 NAI Elrod Group
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Investment Insights
Based on property information with market context.
Building 800 is a two-story office condominium totaling 4,692 square feet. Constructed in 2007, the property has a brick-and-frame exterior, covered entrance, and four suites configured for professional office use. All suites are occupied, providing an established tenancy profile for an office investor.
The property is situated within The Summit at Mars Hill in Oconee County, with access from Mars Hill Road. Highway 316 and Highway 78 are each less than one mile away. Downtown Athens is approximately 10 minutes from the building, Epps Bridge Centre is nearby, and Atlanta is roughly an hour via Highway 316. Shared parking serves the property.
The property is situated within The Summit at Mars Hill in Oconee County, with access from Mars Hill Road. Highway 316 and Highway 78 are each less than one mile away. Downtown Athens is approximately 10 minutes from the building, Epps Bridge Centre is nearby, and Atlanta is roughly an hour via Highway 316. Shared parking serves the property.
Key Highlights
- 4,692‑square‑foot office condominium across two stories
- Four professional office suites, all currently occupied
- Built in 2007 with brick‑and‑frame exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,732
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,214,640
$1.2M
Cap Rate 7%
$867,600
$867.6K
Cap Rate 9%
$674,800
$674.8K
Market Conditions
NOI Build-Up for 4,692 SF
Gross rent
$101.3K $21.60/SF
− Vacancy
−$20.4K −$4.34/SF
EGI
$81.0K $17.26/SF
− OpEx
−$20.2K −$4.31/SF
NOI
$60.7K $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%
$1,214,640
Cap Rate 7%
$867,600
Cap Rate 9%
$674,800
Alternative Uses
Best Use
Office B
$867.6K
$759.2K – $1.01M
NOI $60,732 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$989.7K – $1.32M
NOI $79,177 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
465
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two-story condominium asset with four occupied professional office suites and shared parking.
Where is this office building located?
The property is located at 800-3651 Mars Hill Rd Watkinsville, GA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,692‑square‑foot office condominium across two stories; Four professional office suites, all currently occupied; Built in 2007 with brick‑and‑frame exterior
