Leased Medical Office
For Sale
Contact for pricing
Pending
1198 Buckhead Crossing, Woodstock, GA 30189
3,600-square-foot medical office condo in a triple-net structure, 100% leased to Upperline Health.
Property Size3,600 SF
Days on Market97
Property Features for 1198 Buckhead Crossing
General Information
Standard status
Pending
Size
3,600 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Additional Details
Highway Access
Yes
Building Details
Year Built
2000
Tenancy
Multi
Listing Agency:
Highgate Partners
Listed By:
Andrew Murphy · License #GA 266037
(770) 913-3900
Source:
Crexi
Added: Jun 16
Changed: Sep 17
Last Checked: Sep 19 at 6:29AM
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 Highgate Partners
Investment Insights
Based on property information with market context.
1198 Buckhead Crossing is a 3,600-square-foot medical office condominium offered in a triple-net format. The property is 100% leased. Upperline Health occupies approximately 2,400 square feet, representing 67% of the rentable area, and has executed a new seven-year lease renewal extending through April 2033.
The building is located in Woodstock, Georgia within the Atlanta MSA, positioned along the Highway 92 corridor in a suburban market noted in the offering materials as rapidly growing. The asset is presented as an investor-grade lease-up with in-place occupancy and a defined remaining lease schedule.
For buyers seeking a single-tenant medical office asset, the current tenant profile and renewal timeline provide a clear near- to mid-term operating horizon. With an approximate weighted average lease term of 5.8 years and the protection of triple-net lease structures, the property may align well with investors who want to pair healthcare tenancy with standardized, tenant-responsibility expenses. Brokers and tenant-side stakeholders can also review the unit’s current operating footprint through the existing Upperline Health space arrangement and the renewal term through April 2033.
The building is located in Woodstock, Georgia within the Atlanta MSA, positioned along the Highway 92 corridor in a suburban market noted in the offering materials as rapidly growing. The asset is presented as an investor-grade lease-up with in-place occupancy and a defined remaining lease schedule.
For buyers seeking a single-tenant medical office asset, the current tenant profile and renewal timeline provide a clear near- to mid-term operating horizon. With an approximate weighted average lease term of 5.8 years and the protection of triple-net lease structures, the property may align well with investors who want to pair healthcare tenancy with standardized, tenant-responsibility expenses. Brokers and tenant-side stakeholders can also review the unit’s current operating footprint through the existing Upperline Health space arrangement and the renewal term through April 2033.
Key Highlights
- 3,600 SF medical office condominium in Woodstock, GA, part of the Atlanta MSA
- 100% leased to Upperline Health, occupying about 2,400 SF (67% of rentable area)
- Upperline Health executed a new seven‑year lease renewal extending through April 2033
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
$52,196
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
5.75%
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%
$1,043,920
$1.0M
Cap Rate 7%
$745,657
$745.7K
Cap Rate 9%
$579,956
$580.0K
Market Conditions
NOI Build-Up for 3,600 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
$97.2K $27.00/SF
− Vacancy
−$10.2K −$2.84/SF
EGI
$87.0K $24.17/SF
− OpEx
−$34.8K −$9.67/SF
NOI
$52.2K $14.50/SF
Area
Cherokee County, GA
Vacancy
10.50%
Lease Rate
$27.00 /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%
$1,043,920
Cap Rate 7%
$745,657
Cap Rate 9%
$579,956
Alternative Uses
Best Use
Healthcare Medical
$745.7K
$652.5K – $869.9K
NOI $52,196 @ 7.0% cap · market cap 5.75%
Second Best
Office B
$688.7K
$602.6K – $803.5K
NOI $48,208 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$1.01M
$884.5K – $1.18M
NOI $70,762 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30189, GA
39,327
Population
16,124
Households
2.4
Avg Household Size
40
Median Age
43%
College-Educated
95%
High-School Grad
19.2 sq mi
ZIP Area
2,048
Density / Sq Mi
$109,324
Median Household Income
$50,212
Median Earnings
$1,780
Median Rent
$370,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - 3,600-square-foot medical office condo in a triple-net structure, 100% leased to Upperline Health.
Where is this medical office space located?
The property is located at 1198 Buckhead Crossing Woodstock, GA.
What is the asking price?
The asking price for this property is $908,493.
What are key features of this property?
This property features: 3,600 SF medical office condominium in Woodstock, GA, part of the Atlanta MSA; 100% leased to Upperline Health, occupying about 2,400 SF (67% of rentable area); Upperline Health executed a new seven‑year lease renewal extending through April 2033
