Multi-Tenant Medical/Office Investment
For Sale
Contact for pricing
1132 Hightower Trail, Atlanta, GA 30350
100% leased medical/office building in Sandy Springs, Atlanta.
Property Size10,437 SF
Lot Size0.57 Acres
Price / SF$215.58
Days on Market152
Property Features for 1132 Hightower Trail
General Information
Standard status
Active
Size
10,437 SF
Class
B
Lot size
0.57 Acres
Property subtype
Office
Zoning
c1
Occupancy
100%
Lease Type
NN
Investment Type
Stabilized
Net Operating Income
$144,129
Building Details
Year Built
1985
Year Renovated
2022
Buildings
2
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Delza Properties
Listed By:
Josh Ahlzadeh · License #423295
Source:
Crexi
Added: Mar 24
Changed: Aug 12
Last Checked: Aug 21 at 8:57PM
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 Delza Properties
Investment Insights
Based on property information with market context.
This multi-tenant medical/office building presents an investment opportunity. The property is 100% leased to four long-term national credit and medical tenants. Constructed in 1985 and recently modernized with capital improvements, the masonry asset encompasses approximately 10,437 square feet and is situated on 0.57 acres. The property is positioned along the high-traffic Roswell Road corridor in Sandy Springs, an affluent and densely populated submarket of Metro Atlanta. Its location within the North End Redevelopment corridor offers long-term upside due to planned mixed-use growth and continued area reinvestment. This turnkey investment is suited for passive investors seeking durable income and credit tenancy in a high-barrier-to-entry market.
Key Highlights
- 100% leased to four long‑term national credit and medical tenants, providing stable in‑place cash flow.
- Located in Sandy Springs, a high‑traffic, affluent, and densely populated submarket of Metro Atlanta.
- Situated within the North End Redevelopment corridor, offering long‑term upside potential.
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
$139,763
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
6.21%
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%
$2,795,260
$2.8M
Cap Rate 7%
$1,996,614
$2.0M
Cap Rate 9%
$1,552,922
$1.6M
Market Conditions
NOI Build-Up for 10,437 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
$249.1K $23.87/SF
− Vacancy
−$62.8K −$6.02/SF
EGI
$186.4K $17.85/SF
− OpEx
−$46.6K −$4.46/SF
NOI
$139.8K $13.39/SF
Area
Atlanta, GA
Vacancy
25.20%
Lease Rate
$23.87 /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%
$2,795,260
Cap Rate 7%
$1,996,614
Cap Rate 9%
$1,552,922
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.33M
NOI $139,763 @ 7.0% cap · market cap 6.21%
Second Best
Healthcare Medical
$1.98M
$1.73M – $2.30M
NOI $138,269 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,228 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,509
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30350, GA
35,882
Population
19,892
Households
1.8
Avg Household Size
36
Median Age
63%
College-Educated
98%
High-School Grad
12.6 sq mi
ZIP Area
2,848
Density / Sq Mi
$84,633
Median Household Income
$57,899
Median Earnings
$1,645
Median Rent
$512,800
Median Home Value
Market
Vacancy Rate% for Office in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dianna Joseph, DVM — 350 Northridge Rd, Sandy Springs, GA 30350
Frequently Asked Questions
What type of property is this?
Medical Office Space - 100% leased medical/office building in Sandy Springs, Atlanta.
Where is this medical office space located?
The property is located at 1132 Hightower Trail Atlanta, GA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 100% leased to four long‑term national credit and medical tenants, providing stable in‑place cash flow.; Located in Sandy Springs, a high‑traffic, affluent, and densely populated submarket of Metro Atlanta.; Situated within the North End Redevelopment corridor, offering long‑term upside potential.
