Watkinsville Office Building For
44 Greensboro Hwy Watkinsville, GA 30677
44 Greensboro Hwy, Watkinsville, GA, 30677
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For Sale
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Prime commercial property near dining and shopping in Oconee County.
Property Size2,150 SF
Lot Size0.64 Acres
Price / SF$348.84
Days on Market691
Property Features for 44 Greensboro Hwy
General Information
- Standard status
- Active
- Size
- 2,150 SF
- Lot size
- 0.64 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1988
Listing Agency
Marks Commercial Realty, Inc.
(762) 999-0800
Listed by
Daniel Marks, CCIM · License #GA 324862
Source
Crexi
Added: Aug 26, 2024 Checked: Jul 15 at 8:10 pm
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 Marks Commercial Realty, Inc.
Investment Insights
Based on property information with market context.
Located in Watkinsville, GA, 44 Greensboro Highway presents a commercial real estate opportunity. This property features a .64 acre lot with a single-story office building offering 2,150 square feet of space. The unoccupied building is situated in Oconee County, near dining and shopping options. The property offers ample parking and a prime commercial setting. Nearby establishments include Barberitos, Chops and Hops, and Jittery Joe’s. New developments are upcoming in the area.
Key Highlights
- Prime commercial location in fast‑growing Oconee County.
- Versatile 2,150 SF single‑story office building.
- Ample parking.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.4k | $21.60 |
| − Vacancy | −$9.3k | −$4.34 |
| EGI | $37.1k | $17.26 |
| − OpEx | −$9.3k | −$4.31 |
| NOI | $27.8k | $12.94 |
2,150 SF · lease $21.60/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$397.6K
$347.9K – $463.8K
NOI $27,829 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.3K
$453.5K – $604.7K
NOI $36,281 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Synovus Bank - ATM
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Prime commercial property near dining and shopping in Oconee County.
Where is this office building located?
The property is located at 44 Greensboro Hwy Watkinsville, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime commercial location in fast‑growing Oconee County.; Versatile 2,150 SF single‑story office building.; Ample parking.
