3150 Golf Ridge BlvdDouglasville, GA 30135

Property Details for 3150 Golf Ridge Blvd

Year built

2002

Construction

WOOD FRAME

Lot size

0.07 AC

Property size (Sq ft)

6,488 SF

Zone code

DCD

Property type

Office properties

Property subtype

Office buildings

APN

0057-01-5- -00058

APU

5701500058

Description

This exceptional two-story, 6,488 square foot office building in Douglasville, GA presents a compelling owner-user opportunity with significant income potential. Located in the desirable Golf Ridge Office Park, this Class B property boasts 100% occupancy with two tenants, generating a current NOI of $57,401 and a pro-forma NOI of $66,218, representing a 7.22% cap rate and a pro-forma cap rate of 8.33%, respectively. Built in 2002, the property features four units, each priced at $198,750, totaling an asking price of $795,000, or $122.53 per square foot. Situated just 20 miles from downtown Atlanta and minutes from Six Flags Over Georgia, this location benefits from proximity to upscale retail, dining, and residential areas. The property's modified lease structure and varied rent bumps offer flexibility and potential for future growth. This is a value-add investment opportunity with strong current performance and significant upside. The property's address is 3150 Golf Ridge Blvd, Douglasville, GA 30135. The property consists of one building on a lot with no acreage listed.

• CAP approach

  CAP return

  Valuation

  6%

  $973,828

  6.5%

  $898,918

  7%

  $834,709

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,231,899

  Geo Method

  $1,265,549

• Alternative Use

  Use

  Valuation

  Residential

  $1,114,658

  Hospitality

  $1,021,021

  Educational

  $849,477

  Medical

  $878,692

  Retail

  $1,321,409

Location Insight

City

Douglasville

County

Douglas

State

Georgia

Latitude

33.7177

Longitude

-84.7242

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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