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    Property profile & analytics

    1155 Senoia Rd Tyrone, GA 30290

    • Office buildings
    • 16,032 SF
    • 1.63 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0495689
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 93.3 Joy FM / Radio Station / Telecommunications Service
    • Law Office of Douglas A. Wilde, LLC / Law Firm
    • The Jewkes Firm, LLC / Law Firm
    • Ritzy Royal Events & Merchandising, LLC / Hotel & Motel / Resort
    • Aesthetic Hair Studios / Hair Salon

    Property Details for 1155 Senoia Rd

    Year built
    2008
    Lot size
    1.63 lot acres
    Property size
    16,032 SF
    Zone code
    C C1
    Property type
    Office buildings
    APN
    0726 049
    APU
    726049

    Description

    This exceptional two-story, Class B office building at 1155 Senoia Road, Tyrone, GA 30290, offers 16,032 square feet of versatile space. Ideally situated in The Shops at Millbrook, this property boasts convenient access to Atlanta Hartsfield International Airport, I-85, and GA Highway 74. The building features six suites, with three currently available, ranging from 2,017 to 2,288 contiguous square feet. A total of 6,538 square feet is currently vacant. Amenities include 55 parking spaces, one hydraulic elevator, and an 8-foot ceiling height. The 1.63-acre lot (71,003 sq ft) is zoned C-CI. Built in 2008, the building benefits from its location within a thriving community encompassing banking, restaurants, and upscale residential areas, adjacent to The Legacy Theater. Property taxes are $2.50 per square foot. Electric power is available. The minimum divisible space is 2,017 square feet. This prime location offers excellent visibility and accessibility for businesses seeking a professional and convenient office environment. The property's address is 1155 Senoia Rd, Tyrone, GA 30290, with a cross street of Carriage Oaks Drive and APN 0726 049.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,886,000
      Market price range: $1.89M - $3.45M
      AI Estimate
      $1,133,000
      Market price range: $1.13M - $2.36M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,455,000
      Current use
      AUTO REPAIR, GARAGE
      $2,950,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,850,000
      Change: +16% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tyrone
    County
    Fayette
    State
    Georgia
    Longitude
    -84.5825
    Latitude
    33.4886
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,934
    $142,008
    $343,592
    $485,600
    -
    $355,020
    $858,980
    $1,214,000

    Comparable in this City

    • Value Estimation by Request
      2,240 SF

      Senoia Rd

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      3,157 SF

      125 Commerce Dr

      OFFICE BUILDING • 3,157 SF
      125 Commerce Dr, Tyrone, GA 30290-2034
      View Details
    • Value Estimation
      $1,275,000
      6,578 SF

      190 Greencastle Rd

      OFFICE BUILDING • 6,578 SF
      190 Greencastle Rd, Tyrone, GA 30290-2936
      View Details
    • Value Estimation by Request
      3,664 SF

      175 Handley Rd

      OFFICE BUILDING • 3,664 SF
      175 Handley Rd, Tyrone, GA 30290-2155
      View Details
    • Value Estimation by Request
      1,200 SF

      100 Peggy Ln

      OFFICE BUILDING • 1,200 SF
      100 Peggy Ln, Tyrone, GA 30290-1506
      View Details
    • Value Estimation
      $1,345,000
      11,148 SF

      1134 Senoia Rd

      OFFICE BUILDING • 11,148 SF
      1134 Senoia Rd, Tyrone, GA 30290-1622
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.50 Acres

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      Office space with kitchenette and bathroom available for lease.
      1922 Highway 74 N, Tyrone, GA 30290
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    • $99,000
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      Commercial Investment Opportunity in Tyrone

      Commercial space in Tyrone's Business District, suitable for various businesses.
      822 Senoia Rd, Tyrone, GA 30290
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    • $435,000
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      Grove Park Commons: 5 Office Pads

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    • $749,000
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      Commercial Land in Downtown Tyrone

      6.53 acres of C-1 commercial land with public sewer.
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    Similar Nearby for Lease

    • $13 SF/Yr
      16,032 SF

      Senoia Road Office Suites

      Tyrone, GA Office Space Available
      1155 Senoia Rd, Tyrone, GA 30290
      View Details
    • New
      $4,350 /Mo
      3,150 SF

      Office/Retail Space in Tyrone, GA

      3,150 SF endcap space suitable for office or retail.
      602 Dogwood Trl, Tyrone, GA 30290
      View Details
    • $18 SF/Yr
      18,791 SF

      Tyrone, GA Office Suite A

      2,800 SF Office Space Available
      100 Glendalough Ct, Tyrone, GA 30290
      View Details
    • $4,000 /Mo
      1,750 SF

      Former Drive-In Restaurant For Lease

      Restaurant space with drive-thru on a high-traffic highway.
      64 Carriage Oaks Dr, Tyrone, GA 30290
      View Details
    • Contact for pricing

      Industrial Property in Tyrone, Georgia

      Industrial property available for lease in Tyrone, Georgia.
      St. Hwy 74 & Jenkins Rd, Tyrone, GA 30290
      View Details
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    Tyrone, GA 30290
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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