1165 Hembree RdRoswell, GA 30076
- Office properties
- 1,385 SF
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
- Property subtype
- Other 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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