Building Details

Year Built 1979

Listing Agency: Atlanta Communities

Listed By: Elena Corbett Show Phone

Source: Brockteam

Added: Mar 5 Changed: Oct 10 Last Checked: Oct 7 at 2:16PM

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Investment Insights

Based on property information with market context.

This freestanding, single-level, all-brick building is located in the heart of Suwanee, offering excellent visibility and convenient access to Medlock Bridge/Peachtree Industrial Rd. The location is surrounded by established residential communities and thriving commercial growth, providing strong demographics and easy access for staff and clients. The interior has been updated and features a conference room, three dedicated business offices with furnishings, and a staff kitchen and bathroom, both equipped with cabinetry. Previously used by a restoration contractor company, the property could be converted to medical office use, or a variety of professional and service-based uses. The property offers a wide private driveway, ample parking in the back of the building, an outbuilding for additional storage, and road frontage with approved signage on Eva Kennedy Rd.

Key Highlights

• Excellent visibility and convenient access to major roads (Medlock Bridge/Peachtree Industrial Rd).
• Freestanding, single‑level, all‑brick building.
• Updated interior with conference room, three furnished offices, kitchen, and bathroom.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,503

Cap Rate

3.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$290,060 $290.1K

Cap Rate 7%

$207,186 $207.2K

Cap Rate 9%

$161,144 $161.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,083 SF

Gross rent

$25.9K $23.87/SF

− Vacancy

−$6.5K −$6.02/SF

EGI

$19.3K $17.85/SF

− OpEx

−$4.8K −$4.46/SF

NOI

$14.5K $13.39/SF

Area

Gwinnett 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%

$290,060

Cap Rate 7%

$207,186

Cap Rate 9%

$161,144

Alternative Uses

Best Use

Office B

$207.2K

$181.3K – $241.7K (±1% cap)

NOI $14,503 @ 7.0% cap · market cap 3.41%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$302.7K

$264.9K – $353.2K (±1% cap)

NOI $21,192 @ 7.0% cap · market cap 4.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Filtered and Purified water ... Home Appliance Store

Suggested Use

Top Pick Law Firm Electrical Service Daycare Center Storage Facility Barber Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

761

Businesses Nearby

Explore this area Business Placement

Demographics for 30024, GA

87,115

Population

29,306

Households

3

Avg Household Size

39

Median Age

63%

College-Educated

95%

High-School Grad

41.7 sq mi

ZIP Area

2,089

Density / Sq Mi

$139,918

Median Household Income

$60,932

Median Earnings

$1,872

Median Rent

$491,400

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Single-level, all-brick building with excellent visibility and convenient access.

Where is this office building located?

The property is located at 851 Eva Kennedy Rd Suwanee, GA.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Excellent visibility and convenient access to major roads (Medlock Bridge/Peachtree Industrial Rd).; Freestanding, single‑level, all‑brick building.; Updated interior with **conference room, three furnished offices, kitchen, and bathroom.**