242 Creekstone RdgWoodstock, GA 30188

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

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.

• 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

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