Medical Office Building with Expansion
For Sale
$1,200,000
1260 Russell Parkway, Warner Robins, GA 31088
COMMERCIAL, Warner Robins, GA
Property Size5,016 SF
Lot Size1.28 Acres
Price / SF$239.23
Days on Market430
Property Features for 1260 Russell Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
Watson Blvd. South to 96
Standard status
Active
Size
5,016 SF
Lot size
1.28 Acres
Utilities
Heating system
Central, Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump, Electric, Central Air
Listing Agency:
KEG REALTORS
(478) 922-7701
Listed By:
Kevin Greer · License #153445
(478) 808-2271
Added: Jul 25, 2025
Changed: Sep 16
Last Checked: Sep 27 at 6:06AM
MLS# 255140
Copyright © 2026 Central Georgia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,016-square-foot medical office property is configured for physician use with 10 exam rooms, a waiting room, a receptionist area, several executive offices, and a mechanical room. An upstairs area offers additional space that can be finished out, providing room for future expansion within the existing building. Heating and cooling are provided through central electric systems with heat pump equipment.
The property includes 1.28 acres and an additional lot that can be built upon. Located at 1260 Russell Parkway in Warner Robins, Georgia, the site carries C2 zoning and combines an established medical-office layout with potential for further development.
The property includes 1.28 acres and an additional lot that can be built upon. Located at 1260 Russell Parkway in Warner Robins, Georgia, the site carries C2 zoning and combines an established medical-office layout with potential for further development.
Key Highlights
- 5,016‑square‑foot medical office building
- 10 exam rooms with waiting and receptionist areas
- Several executive offices plus a mechanical room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,151
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,183,020
$1.2M
Cap Rate 7%
$845,014
$845.0K
Cap Rate 9%
$657,233
$657.2K
Market Conditions
NOI Build-Up for 5,016 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.2K $21.96/SF
− Vacancy
−$11.6K −$2.31/SF
EGI
$98.6K $19.65/SF
− OpEx
−$39.4K −$7.86/SF
NOI
$59.2K $11.79/SF
Area
Houston County, GA
Vacancy
10.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,183,020
Cap Rate 7%
$845,014
Cap Rate 9%
$657,233
Alternative Uses
Best Use
Healthcare Medical
$845.0K
$739.4K – $985.9K
NOI $59,151 @ 7.0% cap · market cap 4.93%
Second Best
Office B
$750.9K
$657.1K – $876.1K
NOI $52,566 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.08M
$947.3K – $1.26M
NOI $75,784 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31088, GA
57,034
Population
24,167
Households
2.4
Avg Household Size
36
Median Age
36%
College-Educated
94%
High-School Grad
29.4 sq mi
ZIP Area
1,940
Density / Sq Mi
$81,507
Median Household Income
$44,764
Median Earnings
$1,224
Median Rent
$189,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured physician-office space with multiple exam rooms, administrative areas, and additional development land.
Where is this medical office space located?
The property is located at 1260 Russell Parkway Warner Robins, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,016‑square‑foot medical office building; 10 exam rooms with waiting and receptionist areas; Several executive offices plus a mechanical room
