Renovated Office Building with Suites

6251 Smithpointe Dr, Norcross, GA 30092

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For Sale

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Office building with executive suites for owner/user or investment.

Type:Office

Property size:

10,640 SF

Price / SF:

$150/SF

HighLights

Opportunity for owner/user to occupy space and generate rental income from executive suites to cover mortgage.
10,640 sqft building divided into 30 executive suites.
Renovated in 2015 with newer parking, roof, and LED lights.
Potential for passive income from existing tenants.
Ample parking available.
Convenient location: 1.5 miles to Peachtree Industrial Blvd, 5.5 miles to I‑285, and 6.5 miles to GA‑400.

We can help!

Listing Contact

Tung Le

For Sale

Contact for pricing

Office building with executive suites for owner/user or investment.

Type:Office

Property size:

10,640 SF

Price / SF:

$150/SF

Added:: Jun 3, 2024
Days on Market:: 743
Last Refresh:: May 12 at 11:40 pm

Property Features for 6251 Smithpointe Dr

General Information

Standard status: Active
Size: 10,640 SF
Property subtype: Office

Building Details

Year Built: 1986

We can help!

Listing Contact

Tung Le

Listing agent Tung Le License #GA 293555

Listing office NDI Maxim Real Estate

Listing date Jun 3, 2024

Source Crexi

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 NDI Maxim Real Estate

HighLights

Opportunity for owner/user to occupy space and generate rental income from executive suites to cover mortgage.
10,640 sqft building divided into 30 executive suites.
Renovated in 2015 with newer parking, roof, and LED lights.
Potential for passive income from existing tenants.
Ample parking available.
Convenient location: 1.5 miles to Peachtree Industrial Blvd, 5.5 miles to I‑285, and 6.5 miles to GA‑400.

Overview

This 10,640 square-foot office building is suitable for an owner/user, with built-in executive suites providing additional income potential. The property is divided into 30 executive suites. The current owner occupies the main area near the entrance and leases the remaining space to tenants such as online car brokers and virtual offices. The building was renovated in 2015, with updates including parking, roof, and LED lighting. The property is located 1.5 miles from Peachtree Industrial Blvd, 5.5 miles from I-285, and 6.5 miles from GA-400.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$254.0k	$23.87
− Vacancy	−$64.0k	−$6.02
EGI	$190.0k	$17.85
− OpEx	−$47.5k	−$4.46
NOI	$142.5k	$13.39

10,640 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.04M

$1.78M – $2.37M (±1% cap)

NOI $142,481 @ 7.0% cap · market cap 8.91%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.97M

$2.60M – $3.47M (±1% cap)

NOI $208,200 @ 7.0% cap · market cap 13.01%

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

Property Profile Location Intelligence

Current Use by Public Records

Alleviate Cleaning Service ... Hardware & Home Improvement Aten Auto, LLC Car Dealership Car Ride Solutions ... Car Dealership Newnan Crossing Center ... Property Management Company Binh Minh Ho, ... Real Estate Agency

Suggested Use

Location Insight

Map
Local Demand

City: Norcross
County: Gwinnett
State: Georgia
Longitude: -84.2481808
Latitude: 33.9616547

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For sale
Office buildings
GA
Norcross
30092
6251 Smithpointe Dr

What type of property is this?

Office building - Office building with executive suites for owner/user or investment.

Where is this office building located?

The property is located at 6251 Smithpointe Dr Norcross, GA.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Opportunity for owner/user to occupy space and generate rental income from executive suites to cover mortgage.; 10,640 sqft building divided into 30 executive suites.; Renovated in 2015 with newer parking, roof, and LED lights.

6251 Smithpointe Dr, Norcross, GA 30092

Office building with executive suites for owner/user or investment.

Property Features for 6251 Smithpointe Dr

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Five-Building Office Campus

Professional Office Building in Norcross

Flex Warehouse with Multiple Units

Historic Downtown Norcross Commercial Gem

Norcross Quadraplex Investment Opportunity

Well-Maintained Quadraplex in Norcross, GA

Historic Home with Commercial Potential

Renovated Triplex in Norcross, GA

Gwinnett County Flex Building For Sale

Multi-Tenant Industrial Investment Opportunity

Professional Office Building in Norcross

Office Building Lot For Sale

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