Dual-Building Office
838 New Franklin Road, Lagrange, GA 30240
For Sale
$649,000
Commercial Sale, Lagrange, GA
Property Size4,900 SF
Lot Size0.69 Acres
Price / SF$132.45
Days on Market265
Property Features for 838 New Franklin Road
General Information
Property type
Property subtype
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Corner Location
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Daniel Realty & Insurance Agency
(706) 882-1848
Listed By:
David A Lock
(706) 885-2428
Added: Feb 20
Changed: Oct 25
Last Checked: Nov 11 at 3:06PM
MLS# 10695171
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.
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Investment Insights
Based on property information with market context.
This 4,900-square-foot office property includes two separate buildings on a 0.686-acre corner lot. The primary building contains three suites with storefront glazing, while the secondary structure provides additional office or retail area. Interior finishes include carpet, concrete, and vinyl flooring, with central electric heating and cooling. The buildings were constructed in 2005 and feature a metal roof, along with a combination of block, brick, concrete, frame, glass, stucco, and aluminum siding construction materials.
Located at 838 New Franklin Road in Lagrange, Georgia, the property includes a parking lot, public water, public sewer, and available water service. The corner-lot setting and storefront windows provide the physical characteristics described for street-facing commercial occupancy.
Located at 838 New Franklin Road in Lagrange, Georgia, the property includes a parking lot, public water, public sewer, and available water service. The corner-lot setting and storefront windows provide the physical characteristics described for street-facing commercial occupancy.
Key Highlights
- Two separate buildings totaling 4,900 square feet
- Primary building includes three suites
- 0.686‑acre corner lot at 838 New Franklin Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,685
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,193,700
$1.2M
Cap Rate 7%
$852,643
$852.6K
Cap Rate 9%
$663,167
$663.2K
Market Conditions
NOI Build-Up for 4,900 SF
Gross rent
$89.4K $18.24/SF
− Vacancy
−$4.1K −$0.84/SF
EGI
$85.3K $17.40/SF
− OpEx
−$25.6K −$5.22/SF
NOI
$59.7K $12.18/SF
Area
Troup County, GA
Vacancy
4.60%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,193,700
Cap Rate 7%
$852,643
Cap Rate 9%
$663,167
Alternative Uses
Best Use
Retail
$852.6K
$746.1K – $994.8K
NOI $59,685 @ 7.0% cap · market cap 9.20%
Second Best
Office B
$818.6K
$716.2K – $955.0K
NOI $57,299 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$1.10M
$959.3K – $1.28M
NOI $76,747 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
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Business Placement
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Troup County, GA
Properties on Market for Office buildings in Troup County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two buildings provide multiple suites, storefront windows, and on-site parking for office or retail occupancy.
Where is this office building located?
The property is located at 838 New Franklin Road Lagrange, GA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two separate buildings totaling 4,900 square feet; Primary building includes three suites; 0.686‑acre corner lot at 838 New Franklin Road
