Medical Office Building in Office
For Sale
$1,800,000
1240 Brookstone Centre Parkway Columbus, Columbus, GA 31904
Medical office building in Brookstone Centre Office Park, currently occupied by an eye center and a med spa.
Property Size6,505 SF
Price / SF$276.71
Days on Market93
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Property Features for 1240 Brookstone Centre Parkway Columbus
General Information
Standard status
Active
Size
6,505 SF
Property subtype
Commercial
Zoning
CO
Additional Details
Highway Access
Yes
Amenities
Other-See Remarks
Slab
PBLCRCRDS
Other
Sidewalks,Underground Utilities
1.75
Owner
Building Details
Building Size
6,505 SF
Year Built
2010
Buildings
1
Units
1
Listed By:
Jasmine Blount
(706) 742-6127
Source:
Nhires
Added: Jul 15
Changed: Oct 2
Last Checked: Oct 7 at 9:54AM
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 Jasmine Blount
Investment Insights
Based on property information with market context.
This medical office property is located within Brookstone Centre Office Park and totals 6,505 square feet. The building is currently home to North Columbus Eye Center and Wellness & Beyond Medispa, supporting healthcare-focused use within a professional office setting.
The location is described as having easy access to I-185 and being just minutes from shopping, dining, and hotels. The surrounding environment includes an approximately 6.5-acre nature preserve and a scenic approximately 3.5-acre pond with walking trails and outdoor sitting areas.
The property is offered for sale with the option to be purchased with a fresh 5-year lease or available vacant for an owner-operator, depending on buyer preference.
The location is described as having easy access to I-185 and being just minutes from shopping, dining, and hotels. The surrounding environment includes an approximately 6.5-acre nature preserve and a scenic approximately 3.5-acre pond with walking trails and outdoor sitting areas.
The property is offered for sale with the option to be purchased with a fresh 5-year lease or available vacant for an owner-operator, depending on buyer preference.
Key Highlights
- 6,505 SF medical office building in Brookstone Centre Office Park, built in 2010
- Currently occupied by North Columbus Eye Center and Wellness & Beyond Medispa
- Easy access to I‑185, with nearby shopping, dining, and hotels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,414
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,528,280
$1.5M
Cap Rate 7%
$1,091,629
$1.1M
Cap Rate 9%
$849,044
$849.0K
Market Conditions
NOI Build-Up for 6,505 SF
Gross rent
$137.4K $21.12/SF
− Vacancy
−$10.0K −$1.54/SF
EGI
$127.4K $19.58/SF
− OpEx
−$50.9K −$7.83/SF
NOI
$76.4K $11.75/SF
Area
Columbus, GA
Vacancy
7.30%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,528,280
Cap Rate 7%
$1,091,629
Cap Rate 9%
$849,044
Alternative Uses
Best Use
Office B
$1.09M
$956.5K – $1.28M
NOI $76,522 @ 7.0% cap · market cap 4.25%
Second Best
Healthcare Medical
$1.09M
$955.2K – $1.27M
NOI $76,414 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,885 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 31904, GA
36,947
Population
15,947
Households
2.3
Avg Household Size
39
Median Age
31%
College-Educated
88%
High-School Grad
27.5 sq mi
ZIP Area
1,344
Density / Sq Mi
$65,625
Median Household Income
$42,573
Median Earnings
$1,036
Median Rent
$216,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building in Brookstone Centre Office Park, currently occupied by an eye center and a med spa.
Where is this medical office space located?
The property is located at 1240 Brookstone Centre Parkway Columbus Columbus, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 6,505 SF medical office building in Brookstone Centre Office Park, built in 2010; Currently occupied by North Columbus Eye Center and Wellness & Beyond Medispa; Easy access to I‑185, with nearby shopping, dining, and hotels
