Medical Office Space For
1618 Mars Hill Road, Watkinsville, GA 30677
COMMERCIAL - Other - Watkinsville, GA
Property size:
5,902 SFLot size:
0.66 AcresPrice / SF:
$168/SF- Added:
- Mar 27, 2026
- Days on Market:
- 57
- Last Refresh:
- May 22 at 3:06 am
Property Features for 1618 Mars Hill Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 001
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bathroom 6, Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 1
- Exterior features
- Irrigation System
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- B04-F0-11
- Size
- 5,902 SF
- Lot size
- 0.66 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 1427/168 1151/96 1148418
- Tax Annual Amount
- 5331
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Central, Electric (Heating), Heat Pump (Heating)
- Cooling system
- Heat Pump, Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2007
- Floors in Building
- 1
- Building materials
- Brick, Concrete
- Roof type
- Composition
- Architectural style
- Other
Listing agent Kirby Kilgore License #239345 (706) 255-5894
Listing office Kilgore Real Estate Group 1551 Jennings Mill #2900B, Watkinsville, GA (706) 769-1400
Listing date Mar 27, 2026
MLS# CL352106
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location on heavily traveled Mars Hill Road in Oconee's commercial hub with sign monument visibility.
- Existing lease in place through September 30, 2026, providing immediate income potential.
- First level features 4260 sq. ft. with 17 exam rooms/offices and 5 bathrooms, suitable for medical or professional use.
- Specialized room with leaded sheetrock walls, ready for X‑ray equipment.
- Substantial finished upstairs area (approx. 1642 sq ft) with additional bathroom and office space, offering flexibility for expansion or rental income.
- Constructed with durable brick and concrete materials and a composition roof.
Overview
Located in Windridge Office Park on heavily traveled Mars Hill Road, this commercial building is situated in the heart of Oconee's residential and commercial development. The building features a sign monument visible to traffic on Mars Hill Road. The first level totals 4260 square feet and includes a reception area, a book-keeping area, 17 exam rooms/offices, and 5 bathrooms. One room is equipped with leaded sheetrock walls, making it suitable for X-rays. The property also features a finished upstairs area of approximately 1642 square feet with an additional bathroom, office space/record keeping area, and a breakroom, offering potential for additional rental income. The property is currently leased through September 30, 2026, with availability for occupancy on October 1, 2026. The tenant is responsible for all utilities, insurance, tax, and CAM fees. The square footage is based on tax assessor's measurements for the main level and builder plans for the upstairs. The property is zoned 001 and sits on a lot of 0.66 acres.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$849.9K
NOI $76,490 @ 9.00% cap · cautious / downside scenario
Moderate
$1.09M
NOI $76,490 @ 7.00% cap · market / base-case scenario
Aggressive
$1.53M
NOI $76,490 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.6k | $24.00 |
| − Vacancy | −$14.2k | −$2.40 |
| EGI | $127.5k | $21.60 |
| − OpEx | −$51.0k | −$8.64 |
| NOI | $76.5k | $12.96 |
5,902 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$1.09M
$956.1K – $1.27M
NOI $76,490 @ 7.0% cap · market cap 7.69%
Second Best
Office B
$1.09M
$954.9K – $1.27M
NOI $76,394 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,596 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Prime Time Pediatrics
Medical Clinic
Sprayberry David MD
Pediatrician
Dr. David Gaines
Pediatrician
Sierra Pacific Mortgage
Loan Service
PrimeTime Urgent Care
Medical Clinic
Similar Places Nearby
- Woodlands Veterinary Referral — 1020 Woodlands Rd, Watkinsville, GA 30677
Location Insight
- Map
- Local Demand
- City
- Watkinsville
- County
- Oconee
- State
- Georgia
- Longitude
- -83.455204
- Latitude
- 33.885917
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Located in Windridge Office Park, ideal for medical practice.
Where is this medical office space located?
The property is located at 1618 Mars Hill Road Watkinsville, GA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime location on heavily traveled Mars Hill Road in Oconee's commercial hub with sign monument visibility.; Existing lease in place through September 30, 2026, providing immediate income potential.; First level features **4260 sq. ft. with 17 exam rooms/offices and 5 bathrooms**, suitable for medical or professional use.
