242 Creekstone RdgWoodstock, GA 30188

  • Office properties
  • 1,160 SF
For Sale
$259,900 View listing

Property Details for 242 Creekstone Rdg

Year built
1999
Construction
WOOD
Lot size
0.19 AC
Property size (Sq ft)
1,160 SF
Zone code
GC
Property type
Office properties
Property subtype
Other office properties
APN
15N12F 242
APU
15N12F242

Description

This exceptional investment opportunity presents a well-maintained, 1,160 square foot office suite located within the highly sought-after Creekstone Office Park in Woodstock, Georgia. Situated on a 0.19-acre lot, this single-story building offers a prime location with easy access to downtown Woodstock, Highway 92, I-575, and minutes from I-75. The property boasts a desirable location in a high-demand area, surrounded by established professional businesses. Unit #242 comprises five separate offices, each currently leased to different tenants, providing immediate cash flow. The suite also includes a reception area, kitchenette and eating area, one bathroom, and ample storage space. The unit is meticulously maintained and comfortably appointed. The current leases include a negotiable annual base rent escalation. Common area maintenance (CAM) charges cover water/sewage, trash removal, landscaping, and exterior maintenance. This turnkey investment is perfect for an investor seeking immediate return or a business owner looking to establish a presence in a thriving commercial area. Given the 100% occupancy, potential buyers are asked to refrain from disturbing the current tenants. Financial details are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $245,345
    6.5%
    $226,472
    7%
    $210,296
  • Comparable approach

    Method
    Valuation
    Relative Method
    $188,952
    Geo Method
    $226,270
  • Alternative Use

    Use
    Valuation
    Residential
    $280,826
    Hospitality
    $257,235
    Educational
    $214,016
    Medical
    $221,377
    Retail
    $332,914
242 Creekstone Rdg, Woodstock, Georgia

Location Insight

City
Woodstock
County
Cherokee
State
Georgia
Latitude
34.09
Longitude
-84.5252
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
$1,765
$26,000
$34,882
$60,882
-
$65,000
$87,204
$152,204

FAQs

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