Freestanding Medical Office with
New
For Sale
Contact for pricing
1101 Russell Parkway, Warner Robins, GA 31088
A converted commercial building offers a reception area, four exam rooms, physician offices, and administrative space.
Property Size2,856 SF
Lot Size1.29 Acres
Price / SF$227.24
Days on Market5
Property Features for 1101 Russell Parkway
General Information
Standard status
Active
Size
2,856 SF
Total Parking Spaces
25
Lot size
1.29 Acres
Property subtype
Retail
Zoning
C-2
Additional Details
Asking Price
$649,000
Building Details
Buildings
1
Building Size
2,856 SF
Listing Agency:
The Summit Group
Listed By:
Douglas Rex Yoder · License #GA 340570
Source:
Crexi
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 2:42PM
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 The Summit Group
Investment Insights
Based on property information with market context.
This freestanding medical office occupies approximately 1.29 acres and contains about 2,856 square feet. Its layout includes reception and waiting areas, four exam rooms, physician and administrative offices, three restrooms, a break room, and vault storage. A covered canopy of approximately 680 square feet supports drive-through capability, and the site has 25 parking spaces. The property is zoned C-2 Commercial.
The building sits along Russell Parkway in Warner Robins, within an established commercial corridor. Nearby businesses include Kroger, Walgreens, and Sonny’s BBQ.
The building sits along Russell Parkway in Warner Robins, within an established commercial corridor. Nearby businesses include Kroger, Walgreens, and Sonny’s BBQ.
Key Highlights
- Approximately 2,856 SF freestanding medical building on approximately 1.29 acres
- Four exam rooms, reception and waiting areas, physician and administrative offices
- Approximately 680 SF covered canopy with drive‑through capability
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,679
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$673,580
$673.6K
Cap Rate 7%
$481,129
$481.1K
Cap Rate 9%
$374,211
$374.2K
Market Conditions
NOI Build-Up for 2,856 SF
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.
Gross rent
$62.7K $21.96/SF
− Vacancy
−$6.6K −$2.31/SF
EGI
$56.1K $19.65/SF
− OpEx
−$22.5K −$7.86/SF
NOI
$33.7K $11.79/SF
Area
Houston County, GA
Vacancy
10.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$673,580
Cap Rate 7%
$481,129
Cap Rate 9%
$374,211
Alternative Uses
Best Use
Healthcare Medical
$481.1K
$421.0K – $561.3K
NOI $33,679 @ 7.0% cap · market cap 5.19%
Second Best
Office B
$427.6K
$374.1K – $498.8K
NOI $29,930 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$616.4K
$539.4K – $719.2K
NOI $43,150 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 31088, GA
57,034
Population
24,167
Households
2.4
Avg Household Size
36
Median Age
36%
College-Educated
94%
High-School Grad
29.4 sq mi
ZIP Area
1,940
Density / Sq Mi
$81,507
Median Household Income
$44,764
Median Earnings
$1,224
Median Rent
$189,700
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 - A converted commercial building offers a reception area, four exam rooms, physician offices, and administrative space.
Where is this medical office space located?
The property is located at 1101 Russell Parkway Warner Robins, GA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Approximately 2,856 SF freestanding medical building on approximately 1.29 acres; Four exam rooms, reception and waiting areas, physician and administrative offices; Approximately 680 SF covered canopy with drive‑through capability
