Office Unit with Six
For Sale
$310,000
D-2910 Horizon Park Dr, Suwanee, GA 30024
Professionally maintained office condominium with reception, kitchenette, restroom, and convenient parking.
Property Size1,146 SF
Price / SF$270.51
Days on Market13
Property Features for D-2910 Horizon Park Dr
General Information
Standard status
Active
Size
1,146 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,012
Listing Agency:
America Realty Center, Inc.
(404) 933-7557
Listed By:
YANG SOOK KWON
(404) 933-7557
Source:
Exprealty
Added: Aug 4
Changed: Aug 14
Last Checked: Aug 15 at 10:35AM
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 America Realty Center, Inc.
Investment Insights
Based on property information with market context.
This 1,146-square-foot office condominium provides a practical layout with six private offices, a reception area, kitchenette, and restroom. Hardwood flooring, high ceilings, and large windows add distinct interior character, while parking is available within the complex.
The unit is located at D-2910 Horizon Park Dr in Suwanee, Georgia, within a professionally landscaped office complex. Access to I-85 and Lawrenceville-Suwanee Rd supports convenient connectivity, and nearby restaurants, shops, banks, and hotels add everyday convenience. HOA coverage includes water, exterior maintenance, lawn care, and common-area expenses.
The unit is located at D-2910 Horizon Park Dr in Suwanee, Georgia, within a professionally landscaped office complex. Access to I-85 and Lawrenceville-Suwanee Rd supports convenient connectivity, and nearby restaurants, shops, banks, and hotels add everyday convenience. HOA coverage includes water, exterior maintenance, lawn care, and common-area expenses.
Key Highlights
- 1,146 SF office condominium with six private offices
- Reception area, kitchenette, and restroom
- Hardwood floors, high ceilings, and large windows
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
$15,346
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
4.95%
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%
$306,920
$306.9K
Cap Rate 7%
$219,229
$219.2K
Cap Rate 9%
$170,511
$170.5K
Market Conditions
NOI Build-Up for 1,146 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
$27.4K $23.87/SF
− Vacancy
−$6.9K −$6.02/SF
EGI
$20.5K $17.85/SF
− OpEx
−$5.1K −$4.46/SF
NOI
$15.3K $13.39/SF
Area
Gwinnett 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%
$306,920
Cap Rate 7%
$219,229
Cap Rate 9%
$170,511
Alternative Uses
Best Use
Office B
$219.2K
$191.8K – $255.8K
NOI $15,346 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.4K
$280.3K – $373.8K
NOI $22,425 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 30024, GA
87,115
Population
29,306
Households
3
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
41.7 sq mi
ZIP Area
2,089
Density / Sq Mi
$139,918
Median Household Income
$60,932
Median Earnings
$1,872
Median Rent
$491,400
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 - Professionally maintained office condominium with reception, kitchenette, restroom, and convenient parking.
Where is this office units located?
The property is located at D-2910 Horizon Park Dr Suwanee, GA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,146 SF office condominium with six private offices; Reception area, kitchenette, and restroom; Hardwood floors, high ceilings, and large windows
