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    3133 Golf Ridge Blvd Douglasville, GA 30135

    For Sale
    $1,500,000

    16,000 SF Office, 100% Occupancy, 9% Cap Rate

    Property size:
    15,999 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional three-story, 15,999 square foot Class B office building, situated on a 1.3-acre lot in Douglasville, Georgia, presents a compelling investment opportunity. Constructed in 1995 and extensively renovated in 2022, the property boasts a fully occupied tenancy with ten tenants, many under recently renewed leases. The building features a multi-tenant configuration with a total of ten units, each averaging 1,500 square feet, and is offered at $1,500,000, representing a price per square foot of $93.76 and a price per unit of $150,000. The property's strong financial performance is reflected in its 9.00% cap rate and a pro-forma cap rate of 9.10%, generating a pro-forma NOI of $136,519. Recent upgrades include a complete overhaul of the HVAC and plumbing systems. The property is situated in the Chapel Hills Office Village, conveniently located just south of I-20, near Arbor Place Mall, and surrounded by upscale retail, dining, and residential developments. The property is zoned PUD and operates under an Absolute NNN lease type. This prime location benefits from Douglasville's robust economic growth, fueled by significant developments such as Sam's Club's new fulfillment center and Lionsgate Studios' "Great Point Studios" film complex. This presents a rare opportunity to acquire a high-performing, well-maintained office building in a rapidly expanding market.

    Property Features for 3133 Golf Ridge Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,999 SF
    Class
    B
    Lot Size
    56,628 SF

    Building Details

    Year Built/Renovated
    1995/2022
    Buildings
    1
    Stories
    3
    Units
    10

    HighLights

    • Fully occupied Class B office building with ten tenants, many under recently renewed leases.
    • Recently renovated with updated HVAC and plumbing systems.
    • 15,999 square feet on a 1.3‑acre lot in Douglasville, GA, near I‑20 and Arbor Place Mall.
    • Offered at $1,500,000, representing a 9.00% cap rate (9.10% pro‑forma).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Perri Mitchell Realty Real Estate Agency The Tax Hive Group Tax Preparation Service Procarian Wealth Advisors ... Financial Planner Lawrence See & Beavers Tax Preparation Service Grace Hearing and Language ... Medical Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Douglasville
    County
    Douglas
    State
    Georgia
    Longitude
    -84.7243321
    Latitude
    33.7204853

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    FAQs

    What type of property is this?
    Office Property / Space - 16,000 SF Office, 100% Occupancy, 9% Cap Rate
    Where is this office property / space located?
    The property is located at 3133 Golf Ridge Blvd Douglasville, GA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Fully occupied Class B office building with ten tenants, many under recently renewed leases.; Recently renovated with updated HVAC and plumbing systems.; 15,999 square feet on a 1.3-acre lot in Douglasville, GA, near I-20 and Arbor Place Mall.
    (239) 529-8774
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    3133 Golf Ridge Blvd Douglasville, GA 30135
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3133 Golf Ridge Blvd Douglasville, GA 30135
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