Medical Clinic Office
1057 Morningside Dr Perry, GA 31069
1057 Morningside Dr, Perry, GA, 31069
$940,000
For Sale
$940,000
Medical clinic currently operated on a lease through June 2027 at a stated monthly rent.
Property Size4,217 SF
Price / SF$222.91
Days on Market105
Property Features for 1057 Morningside Dr
General Information
- Standard status
- Active
- Size
- 4,217 SF
Listing agency
COLDWELL BANKER FREE REALTY
(478) 808-2708
Listed by
Danny Evans
(478) 808-2708
Source
Exprealty
Added: Apr 9 Updated: Jul 21 at 9:22PM Checked: Jul 21 at 9:22PM
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 COLDWELL BANKER FREE REALTY
Investment Insights
Based on property information with market context.
This property is currently operating as a medical clinic with office use. The asset is offered for sale and includes an in-place lease through June of 2027, with rent stated in the listing as $6,300 per month.
The property is located at 1057 Morningside Dr in Perry, GA, and is described as an excellent location for medical clinic and office use.
At 4,217 square feet, the building is sized for a dedicated healthcare and professional office environment under the current lease arrangement.
The property is located at 1057 Morningside Dr in Perry, GA, and is described as an excellent location for medical clinic and office use.
At 4,217 square feet, the building is sized for a dedicated healthcare and professional office environment under the current lease arrangement.
Key Highlights
- Medical clinic/offices currently leased through June 2027
- Lease rent is $6,300 per month (as stated in the listing)
Local Financial Insights For Healthcare Medical
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 | $92.6k | $21.96 |
| − Vacancy | −$9.7k | −$2.31 |
| EGI | $82.9k | $19.65 |
| − OpEx | −$33.2k | −$7.86 |
| NOI | $49.7k | $11.79 |
4,217 SF · lease $21.96/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$710.4K
$621.6K – $828.8K
NOI $49,729 @ 7.0% cap · market cap 5.29%
Second Best
Office B
$631.3K
$552.4K – $736.5K
NOI $44,192 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$910.2K
$796.4K – $1.06M
NOI $63,712 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Andrew Wang
Pediatrician
Peach State Medical ...
Medical Clinic
Houston Family Care ...
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Medical clinic currently operated on a lease through June 2027 at a stated monthly rent.
Where is this medical office space located?
The property is located at 1057 Morningside Dr Perry, GA.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: Medical clinic/offices currently leased through June 2027; Lease rent is $6,300 per month (as stated in the listing)
