442 Park West Dr, Grovetown, GA
Medical office building with a new long-term lease.
- Added:
- Dec 9, 2023
- Days on Market:
- 919
- Last Refresh:
- May 20 at 8:30 pm
Property Features for 442 Park West Dr
General Information
- Standard status
- Active
- Size
- 4,024 SF
- Lot size
- 0.46 Acres
- Property subtype
- OFFICE
Listing agent Joe Edge
Listing office Sherman & Hemstreet - Augusta (706) 722-8334
Listing date Dec 9, 2023
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Sherman & Hemstreet - Augusta
HighLights
- Brand new 5‑year lease with three 5‑year renewal options provides long‑term income potential.
- Excellent credit Pharmaceutical Laboratory tenant ensures reliable rental payments.
- Limited landlord responsibilities offer a passive income investment.
- Tenant is investing in property improvements, enhancing its value.
- New roof minimizes potential maintenance costs.
- Property's previous use as a dialysis center suggests suitability for medical or laboratory purposes.
Overview
Local Financial Insights For Office B
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 | $96.6k | $24.00 |
| − Vacancy | −$14.5k | −$3.60 |
| EGI | $82.1k | $20.40 |
| − OpEx | −$20.5k | −$5.10 |
| NOI | $61.6k | $15.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grovetown
- County
- Columbia
- State
- Georgia
- Longitude
- -82.1982
- Latitude
- 33.4504
