143 Lee Byrd RdLoganville, GA 30052

Property Details for 143 Lee Byrd Rd

Year built

2001

Construction

STEEL FRAME

Lot size

0.03 AC

Property size (Sq ft)

1,950 SF

Zone code

OI

Property type

Office properties

Property subtype

Other office properties

APN

LG110-119-018

APU

LG110119018

Description

This exceptional 3,000 square foot office building presents a lucrative investment opportunity in the rapidly growing Loganville, Georgia market. Strategically located at 143 Lee Byrd Road, this property boasts a prime location approximately 45 minutes from Atlanta. Currently leased to a major southeastern law firm, the building offers a long-term, stable income stream with a little over two years remaining on the existing lease. The current lease provides a strong 7% cap rate, with significant potential for increased profitability upon lease renewal. Projections indicate a cap rate exceeding 8% at the time of renewal, based on anticipated rent increases. The 0.03-acre lot provides ample space for the building and its operations. This is an ideal investment for those seeking a stable, high-yield property in a thriving market. The property's strong tenant occupancy and projected rental growth make it a compelling investment opportunity with significant long-term potential. This turnkey investment requires minimal management and offers immediate cash flow. The building's size and location make it suitable for a variety of professional uses, ensuring future leasing flexibility. This is a rare opportunity to acquire a high-performing commercial property in a desirable location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $356,351

  6.5%

  $328,939

  7%

  $305,444

• Comparable approach

  Method

  Valuation

  Relative Method

  $222,071

  Geo Method

  $222,071

• Alternative Use

  Use

  Valuation

  Residential

  $407,885

  Hospitality

  $373,620

  Educational

  $310,848

  Medical

  $321,538

  Retail

  $483,541

Location Insight

City

Loganville

County

Walton

State

Georgia

Latitude

33.8349

Longitude

-83.8818

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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