Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    818 Professional Center Drive Eastman, GA 31023

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $425,000

    Renovated personal care home near Dodge County Hospital.

    Type:General Commercial
    Property size:
    4,400 SF
    Price / SF:
    $96/SF
    Added:
    Jun 17, 2024
    Days on Market:
    680
    Last Refresh:
    Apr 1 at 8:38 pm

    Property Features for 818 Professional Center Drive

    General Information

    Standard status
    Active
    Size
    4,400 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    1992

    We can help!

    Listing Contact
    Rebekah Colson Mullis

    Listing agent Rebekah Colson Mullis

    Listing office Good Thing Realty

    Listing date Jun 17, 2024

    Source Xome

    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 Good Thing Realty

    Overview

    Turnkey Personal Care Home

    This turnkey property, conveniently located near Dodge County Hospital among dental and medical offices, was completely renovated in 2018. The building features 8 individual handicapped-accessible suites, each with its own closet, television, and private restroom. Additional spaces include a conference room, waiting room, vending room, dining room, chapel, records room, and break room. The property is designated as a personal care home by the State Fire Marshal and was most recently used as a hospice care facility. The sale includes the majority of equipment and furnishings. A new sprinkler system and a back-up gas-powered generator are located on site. Zoned as P-professional, the 4400 square foot building is ready for business at closing and has parking in front and rear.
    Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Integrity Hospice — 1221 Plaza Ave # A, Eastman, GA 31023
    • Hospice Care Options — 715 Legion Dr, Eastman, GA 31023
    • Care Oasis Caregivers — 818 Professional Center Dr, Eastman, GA 31023

    Location Insight

    • Map
    • Local Demand
    City
    Eastman
    County
    Dodge
    State
    Georgia
    Longitude
    -83.178358
    Latitude
    32.186189

    Nearby Similar for Sale

    • $150,000
      1,827 SF

      Remodeled Store Near Aviation School

      Remodeled commercial store near Middle Georgia State University Aviation School.
      839 Soperton Highway, Eastman, GA 31023
      View Details
    • $285,000
      6,800 SF

      Eastman, GA Commercial Opportunity

      6,800 SF commercial building on 14.82 acres.
      805 Main Street, Eastman, GA 31023
      View Details
    • $1,850,000

      Eastman, GA Retreat and Lodging

      Serene 39-acre retreat with four furnished homes and established rental income.
      104 Bethel Village Road, Eastman, GA 31023
      View Details
    • $1,850,000

      Eastman, GA Retreat and Lodging

      Serene 39-acre retreat with furnished homes, amenities, and income potential.
      104 Bethel Village Road, Eastman, GA 31023
      View Details
    • $399,000
      3,152 SF

      Eastman Restaurant Opportunity For Sale

      Established restaurant space in Eastman, Georgia, with equipment included.
      1027 College St, Eastman, GA, 31023-6775
      View Details
    • $50,000
      3,160 SF

      Eastman Restaurant/Retail Building with Drive-Thru

      Vacant restaurant/retail building with drive-thru on 1.191-acre parcel.
      6121 Oak St, Eastman, GA 31023
      View Details
    • $650,000
      28,000 SF

      Eastman Industrial Office Warehouse

      28,000 SF industrial office warehouse on 10.13 acres.
      21 Industrial Blvd, Eastman, GA 31023
      View Details
    • $999,999
      13,496 SF

      Eastman Commercial Building For Sale

      13,496 SF commercial building in Eastman, Georgia.
      6377 Oak St., Eastman, GA 31023
      View Details
    • $125,000
      1,120 SF

      Turnkey Business Opportunity For Sale

      Land, building, business, and equipment included in sale.
      1930 Cochran Highway, Eastman, GA 31023
      View Details
    • $1,200,000
      1,862 SF

      Restaurant Building with Double Drive-Through

      1,862 SF restaurant building constructed in 2022 with drive-through.
      6110 Oak St, Eastman, GA 31023
      View Details
    • $179,000
      4,662 SF

      Eastman Historic Multi-Office Building

      Historic 4,662 SF multi-office building in Eastman, GA for sale.
      201 Foster St, Eastman, GA
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - Renovated personal care home near Dodge County Hospital.
    Where is this assisted living facility located?
    The property is located at 818 Professional Center Drive Eastman, GA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Turnkey property, completely renovated in 2018, ready for immediate occupancy and business operations.; Designated as a Personal Care Home, previously used as a hospice facility.; Eight individual handicapped‑accessible suites, each with private restroom, closet, and television.
    (478) 231-9625
    We can help!
    Listing Contact
    Rebekah Colson Mullis
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!