Equipped Medical
New
For Sale
Contact for pricing
140 North Crest Boulevard, Macon, GA 31210
Established medical office build-out with exam, laboratory, storage, and patient-support areas.
Property Size3,500 SF
Price / SF$159.71
Days on Market7
Property Features for 140 North Crest Boulevard
General Information
Standard status
Active
Size
3,500 SF
Total Parking Spaces
24
Property subtype
Office
Zoning
C-2
Investment Type
Owner/User
Additional Details
Furnished
Yes
Office Units
1
Building Details
Year Built
1997
Year Renovated
2005
Buildings
1
Stories
1
Listing Agency:
Fickling & Company
(478) 803-4120
Listed By:
Trip Wilhoit · License #265982
Source:
Crexi
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 10 at 7:18AM
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 Fickling & Company
Investment Insights
Based on property information with market context.
This medical office property offers an existing 3,500± SF professional build-out constructed in 1997. The interior includes two physicians’ offices, six exam rooms, a laboratory, drug storage, file storage, a break room, a waiting room, and four restrooms, providing a developed clinical layout for continued medical use.
The property is located at 140 North Crest Boulevard in Macon, off Riverside Drive and within the North Macon corridor. Nearby businesses and healthcare-related neighbors include Georgia Cardiology Associates, Atrium Health Navicent Wellness Center, OrthoGeorgia Orthopaedic Urgent Care, OneLife Fitness, FedEx, UPS, Kroger, Starbucks, Panera Bread, and Chipotle. The property is zoned C-2.
The property is located at 140 North Crest Boulevard in Macon, off Riverside Drive and within the North Macon corridor. Nearby businesses and healthcare-related neighbors include Georgia Cardiology Associates, Atrium Health Navicent Wellness Center, OrthoGeorgia Orthopaedic Urgent Care, OneLife Fitness, FedEx, UPS, Kroger, Starbucks, Panera Bread, and Chipotle. The property is zoned C-2.
Key Highlights
- 3,500± SF medical office build‑out
- Six exam rooms plus two physicians’ offices
- Laboratory, drug storage, and file storage areas
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
$46,872
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
8.38%
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%
$937,440
$937.4K
Cap Rate 7%
$669,600
$669.6K
Cap Rate 9%
$520,800
$520.8K
Market Conditions
NOI Build-Up for 3,500 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
$84.0K $24.00/SF
− Vacancy
−$5.9K −$1.68/SF
EGI
$78.1K $22.32/SF
− OpEx
−$31.2K −$8.93/SF
NOI
$46.9K $13.39/SF
Area
Macon, GA
Vacancy
7.00%
Lease Rate
$24.00 /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%
$937,440
Cap Rate 7%
$669,600
Cap Rate 9%
$520,800
Alternative Uses
Best Use
Healthcare Medical
$669.6K
$585.9K – $781.2K
NOI $46,872 @ 7.0% cap · market cap 8.38%
Second Best
Office B
$489.6K
$428.4K – $571.2K
NOI $34,272 @ 7.0% cap · market cap 6.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31210, GA
35,345
Population
15,768
Households
2.2
Avg Household Size
39
Median Age
48%
College-Educated
95%
High-School Grad
41.3 sq mi
ZIP Area
856
Density / Sq Mi
$82,158
Median Household Income
$44,231
Median Earnings
$1,260
Median Rent
$259,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical office build-out with exam, laboratory, storage, and patient-support areas.
Where is this medical office space located?
The property is located at 140 North Crest Boulevard Macon, GA.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 3,500± SF medical office build‑out; Six exam rooms plus two physicians’ offices; Laboratory, drug storage, and file storage areas
