Renovated Office Building with
For Sale
Contact for pricing
6251 Smithpointe Dr, Norcross, GA 30092
Office building with executive suites for owner/user or investment.
Property Size10,640 SF
Price / SF$150.38
Days on Market794
Property Features for 6251 Smithpointe Dr
General Information
Standard status
Active
Size
10,640 SF
Property subtype
Office
Building Details
Year Built
1986
Listing Agency:
NDI Maxim Real Estate
(770) 912-9684
Listed By:
Tung Le · License #GA 293555
Source:
Crexi
Added: Jun 3, 2024
Changed: Jul 6
Last Checked: Aug 5 at 1:00PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $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
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
NOI $208,200 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 30092, GA
35,988
Population
16,525
Households
2.2
Avg Household Size
36
Median Age
53%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
3,213
Density / Sq Mi
$77,339
Median Household Income
$47,727
Median Earnings
$1,634
Median Rent
$465,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
