Freestanding Brick Office
For Sale
$425,000
Pending
851 Eva Kennedy Road, Suwanee, GA 30024
Commercial Sale, Suwanee, GA
Property Size1,083 SF
Lot Size0.50 Acres
Days on Market51
Property Features for 851 Eva Kennedy Road
General Information
Property type
Residential
Property subtype
Office
Zoning
OI
Parking
5
Parking features
Parking Lot
Window features
Insulated Windows
Lot features
Level
Directions
Please use GPS for best directions from your starting point.
Standard status
Pending
APN
R7237 073
Size
1,083 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2775
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
conference room
staff kitchen
approved signage
Building Details
Year built
1979
Floors in Building
1
Flooring type
Hardwood, Marble, Carpet
Building materials
Brick
Listing Agency:
Atlanta Communities
(770) 637-5070
Listed By:
Elena Corbett
(678) 467-1687
Added: Aug 6
Changed: Sep 12
Last Checked: Sep 25 at 5:06AM
MLS# 7816985
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.
This 1083-square-foot office building occupies 0.5 acres and presents a freestanding, single-level configuration with brick construction. The interior includes three dedicated business offices with furnishings, a conference room, staff kitchen, and bathroom with built-in cabinetry. Marble, carpet, and hardwood flooring are installed throughout, with central heating and central air. The property was built in 1979 and is zoned OI.
Outdoor features include a wide private driveway, a rear parking lot, an additional storage outbuilding, and road frontage on Eva Kennedy Rd. Approved signage is in place. The property is in Suwanee near Medlock Bridge and Peachtree Industrial Rd, with public water, public sewer, and cable availability.
Outdoor features include a wide private driveway, a rear parking lot, an additional storage outbuilding, and road frontage on Eva Kennedy Rd. Approved signage is in place. The property is in Suwanee near Medlock Bridge and Peachtree Industrial Rd, with public water, public sewer, and cable availability.
Key Highlights
- 1083 square feet on 0.5 acres
- OI zoning with a single‑level office layout
- Three furnished business offices plus a dedicated conference room
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
$14,503
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
3.41%
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%
$290,060
$290.1K
Cap Rate 7%
$207,186
$207.2K
Cap Rate 9%
$161,144
$161.1K
Market Conditions
NOI Build-Up for 1,083 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
$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 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%
$290,060
Cap Rate 7%
$207,186
Cap Rate 9%
$161,144
Alternative Uses
Best Use
Office B
$207.2K
$181.3K – $241.7K
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
NOI $21,192 @ 7.0% cap · market cap 4.99%
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
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
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
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Frequently Asked Questions
What type of property is this?
Office building - Single-level professional layout includes three offices, a conference room, staff kitchen, bathroom, and furnished work areas.
Where is this office building located?
The property is located at 851 Eva Kennedy Road 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: 1083 square feet on 0.5 acres; OI zoning with a single‑level office layout; Three furnished business offices plus a dedicated conference room
