Medical Office Suite with New
For Sale
Contact for pricing
10115 N Hwy 142, Covington, GA 30014
Move-in ready second-floor medical space with freshly painted interiors, brand new HVAC, and dedicated break room and restroom.
Property Size1,988 SF
Price / SF$0.63
Days on Market98
Property Features for 10115 N Hwy 142
General Information
Standard status
Active
Size
1,988 SF
Property subtype
Commercial
Additional Details
Office Units
2
Amenities
freshly painted
brand new HVAC system
dedicated break room
dedicated restroom
Business Park, Level
Public Sewer
Parcel Number: 0081000000029C00
Carpet, Stone, Tile
Central Air
Central
Listing ID: 10809909, Standard Status: Active, MLS Status: Active, On market as of 2026-07-21, 95 days on market
Parking Lot
Built in 1988
County/Parish: Newton
Resale
Cable Available, Electricity Available, Sewer Available, Water Source: Public
Building Security
Accessible Doors, Accessible Elevator Installed
Building Details
Building Size
1,988 SF
Year Built
1988
Listing Agency:
Capital City Legacy Group
(404) 637-2435
Listed By:
Kimberly Howell · License #377840
(770) 289-8322
Source:
Blackstreaminternational
Added: Jul 21
Changed: Oct 25
Last Checked: Oct 24 at 5:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capital City Legacy Group
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Investment Insights
Based on property information with market context.
Available for lease is the entire second floor of a commercial building in Covington, GA, offered as two medical-zoned office suites. The space includes a 1,800 SF suite and a 2,200 SF suite, or can be leased together for a total of 4,000 SF. Interior improvements include freshly painted space, a brand new HVAC system, and a dedicated second-floor break room and restroom.
The suites are designed for medical use and can accommodate healthcare or professional practices. Prospective tenants may lease the suites together or separately, providing flexibility for different operational needs within a medical-ready layout at 10115 N Hwy 142, Covington, GA.
The suites are designed for medical use and can accommodate healthcare or professional practices. Prospective tenants may lease the suites together or separately, providing flexibility for different operational needs within a medical-ready layout at 10115 N Hwy 142, Covington, GA.
Key Highlights
- Entire second floor available in a commercial building in Covington, GA, with medical zoning
- Two suites available: 1,800 SF and 2,200 SF (4,000 SF total), leased together or separately
- Freshly painted interiors and move‑in ready professional space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,564
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,280
$1.1M
Cap Rate 7%
$765,200
$765.2K
Cap Rate 9%
$595,156
$595.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$95.5K $23.87/SF
− Vacancy
−$24.1K −$6.02/SF
EGI
$71.4K $17.85/SF
− OpEx
−$17.9K −$4.46/SF
NOI
$53.6K $13.39/SF
Area
Newton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,280
Cap Rate 7%
$765,200
Cap Rate 9%
$595,156
Alternative Uses
Best Use
Healthcare Medical
$828.5K
$725.0K – $966.6K
NOI $57,996 @ 7.0% cap · market cap 2,319.84%
Second Best
Office B
$765.2K
$669.6K – $892.7K
NOI $53,564 @ 7.0% cap · market cap 2,142.56%
Theoretical Best
Office A
$1.12M
$978.4K – $1.30M
NOI $78,271 @ 7.0% cap · market cap 3,130.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 30014, GA
39,247
Population
16,159
Households
2.4
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
120.7 sq mi
ZIP Area
325
Density / Sq Mi
$71,055
Median Household Income
$37,714
Median Earnings
$1,199
Median Rent
$253,900
Median Home Value
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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 - Move-in ready second-floor medical space with freshly painted interiors, brand new HVAC, and dedicated break room and restroom.
Where is this medical office space located?
The property is located at 10115 N Hwy 142 Covington, GA.
What are key features of this property?
This property features: Entire second floor available in a commercial building in Covington, GA, with medical zoning; Two suites available: 1,800 SF and 2,200 SF (4,000 SF total), leased together or separately; Freshly painted interiors and move‑in ready professional space
