Grovetown Office Building For
442 Park W Dr Grovetown, GA 30813
442 Park W Dr, Grovetown, GA, 30813
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For Sale
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Office building with new long-term lease in Grovetown, GA.
Property Size4,024 SF
Price / SF$211.23
Days on Market1121
Property Features for 442 Park W Dr
General Information
- Standard status
- Active
- Size
- 4,024 SF
- Property subtype
- Office
Building Details
- Year Built
- 1995
Listing Agency
Sherman & Hemstreet Real Estate Company
(706) 288-1077
Listed by
Joe Edge · License #GA 282262
Source
Crexi
Added: Jun 26, 2023 Checked: Jul 19 at 5:33 am
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 Sherman & Hemstreet Real Estate Company
Investment Insights
Based on property information with market context.
This 4,024 square foot office building is located just off I-20 at the Belair Road exit, minutes from Fort Eisenhower via Jimmie Dyess Parkway. The property is surrounded by retailers, including Cracker Barrel, McDonald's, Pilot Travel Center, multiple hotels, and several light industrial users. The area benefits from high traffic counts and favorable demographics. The building features a large open room with offices around the exterior walls. It was previously used as a dialysis center. A new tenant, a pharmaceutical laboratory with excellent credit, has signed a brand new 5-year lease with three 5-year options to renew. The tenant is currently making improvements to the property as part of their tenancy. The roof is new. This income-producing property offers limited landlord responsibilities.
Key Highlights
- Brand new 5‑year lease with three 5‑year renewal options.
- Excellent credit Pharmaceutical Laboratory as new tenant.
- Limited landlord responsibilities and income producing.
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 | $96.6k | $24.00 |
| − Vacancy | −$14.5k | −$3.60 |
| EGI | $82.1k | $20.40 |
| − OpEx | −$20.5k | −$5.10 |
| NOI | $61.6k | $15.30 |
4,024 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$879.5K
$769.6K – $1.03M
NOI $61,567 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,909 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Office building with new long-term lease in Grovetown, GA.
Where is this office building located?
The property is located at 442 Park W Dr Grovetown, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Brand new 5‑year lease with three 5‑year renewal options.; Excellent credit Pharmaceutical Laboratory as new tenant.; Limited landlord responsibilities and income producing.
