Medical Office Space in
700 Sunset Drive, Athens, GA 30606
- Added:
- Oct 1, 2025
- Days on Market:
- 240
- Last Refresh:
- May 28 at 3:06 pm
Property Features for 700 Sunset Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Parking
- 10
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 114C3 C051
- Size
- 3,800 SF
Taxes and HOA fees
- Tax Description
- Bishop Professional
- Tax Annual Amount
- 9770
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1993
- Floors in Building
- 1
- Building materials
- Brick
Listing agent Christina Hammond License #242714 (706) 255-4731
Listing office 5Market Realty 824 S Milledge Ave., Ste 200, Athens, GA (706) 850-4636
Listing date Oct 1, 2025
MLS# CL341067
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
- Flexible medical office space: Choose from 3800 sq. ft. or 1400 sq. ft., available separately or combined.
- Located in established Bishop Professional Park, conveniently near two hospitals.
- Features 12 exam rooms, ADA‑accessible space for four providers, reception, office, lab, x‑ray, and conference rooms.
- Abundant natural light streams in through 40+ windows overlooking mature landscaping.
- Recent upgrades include crawl space insulation/humidifiers (2024), gutters (2022), and HVAC improvements (2022).
- High‑quality medical‑grade commercial cabinetry and finishes.
Overview
This property offers flexible medical office space within Bishop Professional Park. The available space includes adjoining units of 3800 sq. ft. and 1400 sq. ft., which can be purchased separately or together. Suited for a medical practice or related business, the property is located within an established medical office complex, conveniently near two hospitals and across from Bishop Park. The space benefits from abundant natural light, provided by over 40 windows overlooking mature landscaping. The layout includes twelve exam rooms, ADA-accessible space for four providers, a designated reception area, office, lab, x-ray room, and conference rooms. High-quality medical-grade commercial cabinetry and finishes are in place. The joisted masonry construction over a crawl space allows for potential floor plan alterations. The property is part of an established condo association. Recent upgrades include new crawl space insulation and humidifiers installed in 2024, new gutters in 2022, and HVAC improvements also in 2022. The property is intended for commercial use.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$547.2K
NOI $49,248 @ 9.00% cap · cautious / downside scenario
Moderate
$703.5K
NOI $49,248 @ 7.00% cap · market / base-case scenario
Aggressive
$985.0K
NOI $49,248 @ 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 | $91.2k | $24.00 |
| − Vacancy | −$9.1k | −$2.40 |
| EGI | $82.1k | $21.60 |
| − OpEx | −$32.8k | −$8.64 |
| NOI | $49.2k | $12.96 |
3,800 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$703.5K
$615.6K – $820.8K
NOI $49,248 @ 7.0% cap · market cap 5.57%
Second Best
Office B
$702.7K
$614.8K – $819.8K
NOI $49,186 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$916.1K
$801.6K – $1.07M
NOI $64,125 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Athens-Clarke DUI Services
Training Center
Flanigan’s Counseling & Evaluation ...
Counselor
Dr. William Morang, ...
Dental Office
Terry E Parkman ...
Dental Office
Shaw Micah D ...
Dental Office
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Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Clarke
- State
- Georgia
- Longitude
- -83.410423
- Latitude
- 33.965556
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Flexible medical office space in established Bishop Professional Park.
Where is this medical office space located?
The property is located at 700 Sunset Drive Athens, GA.
What is the asking price?
The asking price for this property is $884,000.
What are key features of this property?
This property features: Flexible medical office space: Choose from 3800 sq. ft. or 1400 sq. ft., available separately or combined.; Located in established Bishop Professional Park, conveniently near two hospitals.; Features **12 exam rooms**, ADA‑accessible space for four providers, reception, office, lab, x‑ray, and conference rooms.
