Physician Office
For Sale
$1,200,000
1260 Russell Parkway, Warner Robins, GA 31088
Physician office setup with 10 exam rooms, waiting and reception areas, and executive offices plus unfinished upper space.
Property Size5,016 SF
Price / SF$239.23
Days on Market657
Property Features for 1260 Russell Parkway
General Information
Standard status
Active
Size
5,016 SF
Property subtype
General Commercial
Amenities
Central Air, Heat Pump
3
40 Parking Spaces.
Level
Level.
Building Details
Stories
1
Listing Agency:
EMBER REALTY
(478) 922-7701
Listed By:
KIM ROARK · License #153445
Source:
Xome
Added: Nov 4, 2024
Changed: Aug 23
Last Checked: Aug 23 at 5:17AM
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 EMBER REALTY
Investment Insights
Based on property information with market context.
This physician office building is set up for medical use and includes 10 exam rooms, a waiting area, a receptionist area, several executive offices, and a mechanical room. An upstairs area is available and can be finished out for additional space.
The property is located on Russell Pkwy in Warner Robins, GA. An additional lot is included and can be built upon.
For buyers seeking an office property with an established exam-room layout and room for expansion, the combination of existing medical office improvements and the included additional buildable lot provides a practical foundation for future development.
The property is located on Russell Pkwy in Warner Robins, GA. An additional lot is included and can be built upon.
For buyers seeking an office property with an established exam-room layout and room for expansion, the combination of existing medical office improvements and the included additional buildable lot provides a practical foundation for future development.
Key Highlights
- Physician office setup with 10 exam rooms
- Includes waiting area and receptionist area
- Features several executive offices plus a mechanical room
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
$59,151
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
4.93%
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%
$1,183,020
$1.2M
Cap Rate 7%
$845,014
$845.0K
Cap Rate 9%
$657,233
$657.2K
Market Conditions
NOI Build-Up for 5,016 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
$110.2K $21.96/SF
− Vacancy
−$11.6K −$2.31/SF
EGI
$98.6K $19.65/SF
− OpEx
−$39.4K −$7.86/SF
NOI
$59.2K $11.79/SF
Area
Houston County, GA
Vacancy
10.50%
Lease Rate
$21.96 /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%
$1,183,020
Cap Rate 7%
$845,014
Cap Rate 9%
$657,233
Alternative Uses
Best Use
Healthcare Medical
$845.0K
$739.4K – $985.9K
NOI $59,151 @ 7.0% cap · market cap 4.93%
Second Best
Office B
$750.9K
$657.1K – $876.1K
NOI $52,566 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.08M
$947.3K – $1.26M
NOI $75,784 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31088, GA
57,034
Population
24,167
Households
2.4
Avg Household Size
36
Median Age
36%
College-Educated
94%
High-School Grad
29.4 sq mi
ZIP Area
1,940
Density / Sq Mi
$81,507
Median Household Income
$44,764
Median Earnings
$1,224
Median Rent
$189,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Physician office setup with 10 exam rooms, waiting and reception areas, and executive offices plus unfinished upper space.
Where is this medical office space located?
The property is located at 1260 Russell Parkway Warner Robins, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Physician office setup with 10 exam rooms; Includes waiting area and receptionist area; Features several executive offices plus a mechanical room
