242 Creekstone RdgWoodstock, GA 30188
- Office properties
- 1,160 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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