Office Suite with Private
For Sale
$230,000
B3-11285 Elkins Rd, Roswell, GA 30076
Office suite featuring a private front entrance, reception area, four private offices, and updated bathrooms.
Property Size1,026 SF
Price / SF$224.17
Days on Market361
Property Features for B3-11285 Elkins Rd
General Information
Standard status
Active
Size
1,026 SF
Additional Details
Business Included
Yes
Highway Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$1,114
Building Details
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(678) 773-9135
Listed By:
Vivian Mcentyre · License #396741
(678) 773-9135
Source:
Exprealty
Added: Aug 28, 2025
Changed: Aug 20
Last Checked: Aug 23 at 5:20AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This office suite offers a functional layout with a private front entrance that opens into a spacious reception and waiting area with vaulted ceilings. The space includes four private offices plus two additional flexible rooms that can serve as small workspaces or storage. Two updated bathrooms are in place with new vanities and flooring, and the suite also features a kitchenette with a sink. The office is within a well-maintained complex where new roofs were installed throughout, supporting a clean, professional environment.
Located in Corporate Woods, a wooded office park off Elkins Road in Roswell, the property is described as providing a private setting while maintaining convenient access to Holcomb Bridge Road and GA-400. The complex includes ample on-site parking and is positioned near dining and retail options.
Currently leased to multiple tenants on month-to-month agreements, the suite can support an investment objective if tenants are retained. Alternatively, the layout is well suited for an owner-operator seeking dedicated office areas, updated restrooms, and a client-facing reception/waiting space within a professional office park setting.
Located in Corporate Woods, a wooded office park off Elkins Road in Roswell, the property is described as providing a private setting while maintaining convenient access to Holcomb Bridge Road and GA-400. The complex includes ample on-site parking and is positioned near dining and retail options.
Currently leased to multiple tenants on month-to-month agreements, the suite can support an investment objective if tenants are retained. Alternatively, the layout is well suited for an owner-operator seeking dedicated office areas, updated restrooms, and a client-facing reception/waiting space within a professional office park setting.
Key Highlights
- 1,026 SF office suite with a private front entrance and a reception/waiting area with vaulted ceilings
- Includes 4 private offices plus 2 flexible rooms for small workspaces or storage
- 2 updated bathrooms with new vanities and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,739
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$274,780
$274.8K
Cap Rate 7%
$196,271
$196.3K
Cap Rate 9%
$152,656
$152.7K
Market Conditions
NOI Build-Up for 1,026 SF
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.
Gross rent
$24.5K $23.87/SF
− Vacancy
−$6.2K −$6.02/SF
EGI
$18.3K $17.85/SF
− OpEx
−$4.6K −$4.46/SF
NOI
$13.7K $13.39/SF
Area
Fulton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$274,780
Cap Rate 7%
$196,271
Cap Rate 9%
$152,656
Alternative Uses
Best Use
Office B
$196.3K
$171.7K – $229.0K
NOI $13,739 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.8K
$251.0K – $334.6K
NOI $20,076 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Explore this area
Business Placement
Demographics for 30076, GA
43,786
Population
18,169
Households
2.4
Avg Household Size
38
Median Age
59%
College-Educated
92%
High-School Grad
16.0 sq mi
ZIP Area
2,737
Density / Sq Mi
$113,166
Median Household Income
$52,413
Median Earnings
$1,673
Median Rent
$461,300
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 units - Office suite featuring a private front entrance, reception area, four private offices, and updated bathrooms.
Where is this office units located?
The property is located at B3-11285 Elkins Rd Roswell, GA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,026 SF office suite with a private front entrance and a reception/waiting area with vaulted ceilings; Includes 4 private offices plus 2 flexible rooms for small workspaces or storage; 2 updated bathrooms with new vanities and flooring
