Two-Building Medical Office
For Sale
$900,000
1109 Medical Center Dr Suite 1 & 2, Augusta, GA 30909
Fully leased medical office assets with remaining lease terms and extension options in Augusta’s westside medical corridor.
Property Size3,024 SF
Days on Market89
Property Features for 1109 Medical Center Dr Suite 1 & 2
General Information
Standard status
Active
Size
3,024 SF
Class
B
Property subtype
Office
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
3,024 SF
Year Built
1977
Buildings
2
Listing Agency:
Jordan Trotter Commercial Real Estate
(706) 755-6295
Listed By:
Mason Whatley · License #GA #435411
(706) 755-6295
Source:
Jordantrotter
Added: Jun 3
Changed: Aug 30
Last Checked: Aug 30 at 12:26AM
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 Jordan Trotter Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering includes two medical office buildings at 1109 Medical Center Drive in Augusta, Georgia. Constructed in 1977, the properties are occupied by medical office tenants under leases that include remaining terms and additional options.
The buildings are 100% leased and positioned near Doctor’s Hospital, I-20, and Bobby Jones Expressway. Their location provides access to established medical facilities and major regional roadways within Augusta’s westside medical corridor.
The buildings are 100% leased and positioned near Doctor’s Hospital, I-20, and Bobby Jones Expressway. Their location provides access to established medical facilities and major regional roadways within Augusta’s westside medical corridor.
Key Highlights
- Two medical office buildings at 1109 Medical Center Drive
- 100% leased to established medical office tenants
- Remaining lease terms and additional options in place
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
$46,267
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
5.14%
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%
$925,340
$925.3K
Cap Rate 7%
$660,957
$661.0K
Cap Rate 9%
$514,078
$514.1K
Market Conditions
NOI Build-Up for 3,024 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
$72.6K $24.00/SF
− Vacancy
−$10.9K −$3.60/SF
EGI
$61.7K $20.40/SF
− OpEx
−$15.4K −$5.10/SF
NOI
$46.3K $15.30/SF
Area
Augusta, GA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$925,340
Cap Rate 7%
$660,957
Cap Rate 9%
$514,078
Alternative Uses
Best Use
Office B
$661.0K
$578.3K – $771.1K
NOI $46,267 @ 7.0% cap · market cap 5.14%
Second Best
Healthcare Medical
$629.5K
$550.9K – $734.5K
NOI $44,068 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$954.5K
$835.2K – $1.11M
NOI $66,815 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,749
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30909, GA
48,181
Population
24,005
Households
2
Avg Household Size
35
Median Age
40%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
1,889
Density / Sq Mi
$67,710
Median Household Income
$41,812
Median Earnings
$1,196
Median Rent
$237,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- St Francis Animal Hospital — 2647 Perimeter Pkwy, Augusta, GA 30909
- Banfield Pet Hospital — 223 Robert C Daniel Jr Pkwy, Augusta, GA 30909
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office assets with remaining lease terms and extension options in Augusta’s westside medical corridor.
Where is this medical office space located?
The property is located at 1109 Medical Center Dr Suite 1 & 2 Augusta, GA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two medical office buildings at 1109 Medical Center Drive; 100% leased to established medical office tenants; Remaining lease terms and additional options in place
