Medical Office Building with
New
For Sale
$2,500,000
10115 Highway 142 N, Covington, GA 30014
Commercial Sale, Covington, GA
Property Size9,000 SF
Lot Size0.60 Acres
Price / SF$277.78
Days on Market2
Property Features for 10115 Highway 142 N
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
36
Parking features
Parking Lot
Fencing
Chain Link
Accessibility
Accessible Approach with Ramp, Accessible Elevator Installed
Lot features
Level
Directions
From I-20 East, take Exit 93. Turn right on Hwy. 142. Property is on the right, just before Wheat St. and the motorcycle dealership.
Standard status
Active
APN
0081000000029C00
Size
9,000 SF
Lot size
0.60 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Medical Specialty
dental
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8256
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Central, Zoned
Cooling system
Zoned, Central Air
Water source
Public
Amenities
handicap accessible
wheelchair ramp
marble tile flooring
chandelier
rear roll-up security door
private security fencing
Building Details
Year built
1988
Flooring type
Tile, Vinyl, Carpet
Roof type
Composition
Buildings
1
Listing Agency:
Dwayne Walker Realty
Listed By:
Charles Dyer · License #372888
(770) 679-9172
Added: Nov 3
Last Checked: Nov 4 at 3:06AM
MLS# 10884134
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 9,000-square-foot office property contains four suites and four bathrooms on a 0.6-acre site. Ground-floor spaces are arranged for medical or dental practices, while the upper level has conventional offices with individual work areas and shared space. An elevator and entrance ramp provide accessible circulation. The building, constructed in 1988, also has a rear roll-up security door and fencing along both sides and the rear. Five new HVAC units and a new roof are among the recent improvements.
More than 30 parking spaces are provided, including two designated accessible spaces. Interstate 20 East and Highway 278 are nearby, and Covington Square’s shopping, dining, and business services are within reach. Hartsfield-Jackson Atlanta International Airport is approximately 45 minutes away.
Two of the four suites are leased. The property is served by public water and public sewer, with cable available.
More than 30 parking spaces are provided, including two designated accessible spaces. Interstate 20 East and Highway 278 are nearby, and Covington Square’s shopping, dining, and business services are within reach. Hartsfield-Jackson Atlanta International Airport is approximately 45 minutes away.
Two of the four suites are leased. The property is served by public water and public sewer, with cable available.
Key Highlights
- 9,000‑square‑foot office building on 0.6 acres
- Four suites and four bathrooms, with two suites currently leased
- Ground‑floor suites are configured for medical or dental practices; upper floor has conventional office layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,491
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,609,820
$2.6M
Cap Rate 7%
$1,864,157
$1.9M
Cap Rate 9%
$1,449,900
$1.4M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$243.0K $27.00/SF
− Vacancy
−$25.5K −$2.84/SF
EGI
$217.5K $24.17/SF
− OpEx
−$87.0K −$9.67/SF
NOI
$130.5K $14.50/SF
Area
Newton County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,609,820
Cap Rate 7%
$1,864,157
Cap Rate 9%
$1,449,900
Alternative Uses
Best Use
Healthcare Medical
$1.86M
$1.63M – $2.17M
NOI $130,491 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$1.73M
$1.51M – $2.02M
NOI $120,906 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,109 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Four suites span medical-oriented ground-floor layouts and conventional offices upstairs.
Where is this office building located?
The property is located at 10115 Highway 142 N Covington, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 9,000‑square‑foot office building on 0.6 acres; Four suites and four bathrooms, with two suites currently leased; Ground‑floor suites are configured for medical or dental practices; upper floor has conventional office layouts
