514 Maple StCumming, GA 30040

Property Details for 514 Maple St

Lot size

1.93 AC

Zone code

OP

Property type

Office properties

Property subtype

Office buildings

APN

C08 118

APU

C08118

Description

This exceptional value-add investment opportunity presents a Class A, multi-tenant office park ideally situated in Cumming, Georgia (Forsyth County, zip code 30040). The property, located at 514 West Maple Street, comprises six buildings totaling 44,000 square feet and features 20 individual units. Constructed in 2019, the buildings are situated on a larger parcel with five additional pad sites, offering significant potential for future expansion. Currently boasting a 97.5% occupancy rate, the property generates a substantial net operating income (NOI) of $563,812, resulting in an attractive 6.26% capitalization rate. The asking price is $9,000,000, translating to $204.55 per square foot. The property is zoned for Office Professional use and is well-suited for research and development (R&D) and professional office tenants. This prime location in the thriving Atlanta area offers strong potential for continued growth and stable returns, making it an ideal addition to any discerning investor's portfolio. The property's modern design and high occupancy rate underscore its inherent value and potential for long-term appreciation. This is a rare opportunity to acquire a well-maintained, high-performing asset in a desirable market.

• CAP approach

  CAP return

  Valuation

  6%

  $14,754,057

  6.5%

  $13,619,130

  7%

  $12,646,335

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,398,889

  Geo Method

  $16,398,889

• Alternative Use

  Use

  Valuation

  Residential

  $16,887,720

  Hospitality

  $15,469,061

  Educational

  $12,870,077

  Medical

  $13,312,699

  Retail

  $20,020,120

Location Insight

City

Cumming

County

Forsyth

State

Georgia

Latitude

34.206

Longitude

-84.1478

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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