$750,000
About this home
A 4,664 SF multi-tenant office building on 1.089 acres at the corner of Gaines School Road and Ponderosa Drive in east Athens, fully leased across six suites to health care, wellness and professional service users. In-place net operating income is $51,811. At $750,000 that is a 6.91% cap rate and $160.81 per square foot. Suites run from roughly 250 to 2,700 SF, with a weighted average remaining lease term of about 3.0 years. Leases are gross. Operating expenses run 32.0% of gross income, or $5.24 per square foot. Rent roll, lease abstracts and operating detail are available to qualified buyers under a confidentiality agreement.
Property details
- MLS
- Hive MLS
- MLS #
- CL364952
- Property type
- Office
- Subdivision
- N/A
- Status
- Active
- Days on market
- N/A
- On market date
- September 20, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 31
- Lot size
- 1.03 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 510
- Student:teacher ratio
- 9.6:1
- District
- Clarke County
- Enrollment
- 643
- Student:teacher ratio
- 10.9:1
- District
- Clarke County
- Enrollment
- 1,509
- Student:teacher ratio
- 14.2:1
- District
- Clarke County
Walkability
Blended score for Athens's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.
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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated September 20, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.