3133 Golf Ridge BlvdDouglasville, GA 30135

Property Details for 3133 Golf Ridge Blvd

Year built

1995

Construction

STEEL FRAME

Lot size

1.23 AC

Property size (Sq ft)

15,999 SF

Zone code

DCD

Property type

Office properties

Property subtype

Office buildings

APN

0056-01-5- -00120

APU

5601500120

Description

This exceptional three-story, 15,999 square foot Class B office building, situated on a 1.3-acre lot in Douglasville, Georgia, presents a compelling investment opportunity. Constructed in 1995 and extensively renovated in 2022, the property boasts a fully occupied tenancy with ten tenants, many under recently renewed leases. The building features a multi-tenant configuration with a total of ten units, each averaging 1,500 square feet, and is offered at $1,500,000, representing a price per square foot of $93.76 and a price per unit of $150,000. The property's strong financial performance is reflected in its 9.00% cap rate and a pro-forma cap rate of 9.10%, generating a pro-forma NOI of $136,519. Recent upgrades include a complete overhaul of the HVAC and plumbing systems. The property is situated in the Chapel Hills Office Village, conveniently located just south of I-20, near Arbor Place Mall, and surrounded by upscale retail, dining, and residential developments. The property is zoned PUD and operates under an Absolute NNN lease type. This prime location benefits from Douglasville's robust economic growth, fueled by significant developments such as Sam's Club's new fulfillment center and Lionsgate Studios' "Great Point Studios" film complex. This presents a rare opportunity to acquire a high-performing, well-maintained office building in a rapidly expanding market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,401,882

  6.5%

  $2,217,122

  7%

  $2,058,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,037,662

  Geo Method

  $3,120,765

• Alternative Use

  Use

  Valuation

  Residential

  $2,749,232

  Hospitality

  $2,518,282

  Educational

  $2,095,181

  Medical

  $2,167,237

  Retail

  $3,259,170

Location Insight

City

Douglasville

County

Douglas

State

Georgia

Latitude

33.7205

Longitude

-84.7244

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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