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    381 Conyers Rd Loganville, GA 30052

    Sponsored
    For Sale
    $449,000

    Prime Loganville Office, 1.26 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    414
    This exceptional executive office building, located at 381 Conyers Road in Loganville, Georgia, presents a unique investment opportunity. Built in 1950, the single-building property sits on a generous 1.26-acre lot, offering ample space and potential for expansion. Its strategic location within the Loganville city limits, in Walton County, provides unparalleled visibility and accessibility. The building is situated directly beside the O'Kelly Memorial Library and just prior to the entrance of the Publix Super Market at Loganville Town Centre, ensuring high foot traffic and brand recognition. Currently zoned O&I, this property enjoys a prime position on a major thoroughfare, guaranteeing easy access for clients and employees. The property's versatility makes it suitable for a variety of uses, including a childcare facility or professional office space. This is an outstanding chance to establish or expand your business in the thriving and highly desirable Loganville area, known for its robust growth and increasing demand for commercial properties. The asking price for this exceptional property is $449,000. The zip code is 30052.

    Property Features for 381 Conyers Rd

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    54,886 SF

    Building Details

    Year Built
    1950
    Buildings
    1

    We can help!

    Listing Contact
    Susan Sykes

    Learn more

    Property Insight Report

    HighLights

    • Executive office building at 381 Conyers Road, Loganville, GA 30052.
    • 1.26‑acre lot in Loganville city limits, Walton County.
    • High visibility location adjacent to O'Kelly Memorial Library and near Publix.
    • O&I zoning on a major thoroughfare.
    • Versatile use, suitable for office or childcare.
    • Asking price: $449,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Actuarial Insurance Consultants Insurance Agency

    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
    Loganville
    County
    Walton - GA
    State
    Georgia
    Longitude
    -83.9039513
    Latitude
    33.8374365

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Loganville Office, 1.26 Acres
    Where is this office property / space located?
    The property is located at 381 Conyers Rd Loganville, GA.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Executive office building at 381 Conyers Road, Loganville, GA 30052.; 1.26-acre lot in Loganville city limits, Walton County.; High visibility location adjacent to O'Kelly Memorial Library and near Publix.
    Request Owner's contact information
    381 Conyers Rd Loganville, GA 30052
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    Loganville, GA 30052
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    381 Conyers Rd Loganville, GA 30052
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    We can help!
    Listing Contact
    Susan Sykes
    Real Estate License ID: NY
    Learn more
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