Freestanding Medical Office
1818 Warm Springs Road Columbus, GA 31904
For Sale
$575,000
SINGLE_FAMILY - Columbus, GA
Property Size2,914 SF
Lot Size0.41 Acres
Price / SF$197.32
Days on Market63
Property Features for 1818 Warm Springs Road
General Information
Property type
Residential
Property subtype
Office
Zoning
RO
Standard status
Active
APN
036 011 005
Size
2,914 SF
Lot size
0.41 Acres
Building Details
Year built
1991
Floors in Building
2
Number of units
1
Building materials
Brick
Listing Agency:
G2 Commercial Real Estate
(706) 660-5418
Listed By:
Amy Gill · License #381793
(706) 562-3616
Added: May 28
Changed: Jun 9
Last Checked: Jul 29 at 1:06AM
MLS# 231994
Copyright © 2026 Columbus Board of Realtors (GA). 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.
A ±2,914 SF freestanding medical office building offered with a stabilized medical tenant in place through December 2030. The property’s built-out layout includes a reception and waiting area, x-ray and lab space, private offices, five exam rooms, a breakroom, and patient and staff restrooms. An upstairs finished attic includes a kitchenette and washer/dryer hookups.
The lease is structured as modified gross with expense pass-through protections requiring reimbursement of increases in taxes, insurance, and operating expenses above the Base Year. Utilities are separately metered for electricity, gas, telephone, and data services. Landlord responsibilities are limited to the roof, structure, exterior walls, and capped HVAC repairs, while the tenant handles routine HVAC maintenance and replacement. The property also offers ample on-site parking and signage, and it is zoned RO.
The lease is structured as modified gross with expense pass-through protections requiring reimbursement of increases in taxes, insurance, and operating expenses above the Base Year. Utilities are separately metered for electricity, gas, telephone, and data services. Landlord responsibilities are limited to the roof, structure, exterior walls, and capped HVAC repairs, while the tenant handles routine HVAC maintenance and replacement. The property also offers ample on-site parking and signage, and it is zoned RO.
Key Highlights
- Stabilized investment opportunity with established medical tenant in place through December 2030.
- Generates $54,000 annually in rental income with scheduled rent escalations.
- Modified gross lease with expense pass‑through protections for taxes, insurance, and operating expenses.
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.3k | $16.92 |
| − Vacancy | −$3.6k | −$1.24 |
| EGI | $45.7k | $15.68 |
| − OpEx | −$11.4k | −$3.92 |
| NOI | $34.3k | $11.76 |
2,914 SF · lease $16.92/SF/yr · vacancy 7.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$489.7K
$428.5K – $571.3K
NOI $34,279 @ 7.0% cap · market cap 5.96%
Second Best
Healthcare Medical
$489.0K
$427.9K – $570.5K
NOI $34,231 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$652.0K
$570.5K – $760.7K
NOI $45,641 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding 2,914 SF medical office includes five exam rooms and x-ray and lab space with utilities separately metered.
Where is this medical office space located?
The property is located at 1818 Warm Springs Road Columbus, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Stabilized investment opportunity with established medical tenant in place through December 2030.; Generates $54,000 annually in rental income with scheduled rent escalations.; Modified gross lease with expense pass‑through protections for taxes, insurance, and operating expenses.
