Office Condo with C2
For Sale
$325,000
802 Macy Drive, Roswell, GA 30076
Commercial condominium space designated for office use and built in 1999.
Property Size4,744 SF
Price / SF$274.03
Days on Market64
Property Features for 802 Macy Drive
General Information
Standard status
Active
Size
4,744 SF
Property subtype
Office
Zoning
C2
Building Details
Building Size
4,744 SF
Year Built
1999
Listed By:
Tommy Crowe · License ##262589
(404) 784-7289
Source:
Lee-associates
Added: Aug 21
Changed: Oct 1
Last Checked: Oct 20 at 7:38PM
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 Tommy Crowe
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Investment Insights
Based on property information with market context.
This office condominium at 802 Macy Drive in Roswell, Georgia, provides 1,186 SF for sale. The property was built in 1999 and carries C2 zoning, with a building FAR of 1.00.
Key Highlights
- 1,186 SF office condominium available for sale
- C2 zoning
- Built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,882
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,640
$317.6K
Cap Rate 7%
$226,886
$226.9K
Cap Rate 9%
$176,467
$176.5K
Market Conditions
NOI Build-Up for 1,186 SF
Gross rent
$28.3K $23.87/SF
− Vacancy
−$7.1K −$6.02/SF
EGI
$21.2K $17.85/SF
− OpEx
−$5.3K −$4.46/SF
NOI
$15.9K $13.39/SF
Area
Fulton 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%
$317,640
Cap Rate 7%
$226,886
Cap Rate 9%
$176,467
Alternative Uses
Best Use
Office B
$226.9K
$198.5K – $264.7K
NOI $15,882 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.5K
$290.1K – $386.8K
NOI $23,207 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
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Business Placement
Demographics for 30076, GA
43,786
Population
18,169
Households
2.4
Avg Household Size
38
Median Age
59%
College-Educated
92%
High-School Grad
16.0 sq mi
ZIP Area
2,737
Density / Sq Mi
$113,166
Median Household Income
$52,413
Median Earnings
$1,673
Median Rent
$461,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial condominium space designated for office use and built in 1999.
Where is this office unit located?
The property is located at 802 Macy Drive Roswell, GA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,186 SF office condominium available for sale; C2 zoning; Built in 1999
