1165 Hembree RdRoswell, GA 30076

Property Details for 1165 Hembree Rd

Year built

2000

Construction

WOOD

Lot size

0.03 AC

Property size (Sq ft)

1,385 SF

Zone code

C3

Property type

Office properties

APN

12 224005480992

APU

12224005480992

Description

This exceptional 2,744 square foot office condo, located at 1165 Hembree Road, Suites 110 & 120, Roswell, GA 30076, presents a compelling investment opportunity. The property features two units, totaling 2,744 square feet, currently 100% occupied by a credit-rated tenant, MMR Group, under a modified lease with a 3-year term commencing March 1, 2022, and expiring February 28, 2025. The lease includes a 5.26% annual rent increase. The property boasts a strong net operating income (NOI) of $35,757, resulting in an attractive 8.04% cap rate. The asking price is $445,000, translating to a price per square foot of $162.17. Built in 2000, this stabilized investment is zoned C3 and offers 50 shared parking spaces. The property is ideal for 1031 investors seeking a high-yield, low-risk investment with a reputable tenant. Taxes, insurance, and condo fees are covered by the landlord. This turnkey investment offers a stable income stream and significant upside potential. The property's location in Roswell, Fulton County, provides easy access to major transportation routes. This is a rare opportunity to acquire a high-quality, stabilized office condo in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $305,132

  6.5%

  $281,661

  7%

  $261,542

• Comparable approach

  Method

  Valuation

  Relative Method

  $232,378

  Geo Method

  $85,011

• Alternative Use

  Use

  Valuation

  Residential

  $349,259

  Hospitality

  $319,920

  Educational

  $266,169

  Medical

  $275,323

  Retail

  $414,041

Location Insight

City

Roswell

County

Fulton

State

Georgia

Latitude

34.0606

Longitude

-84.3288

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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