Medical Center with Surgery
1429 OGLETHORPE ST, Macon, GA 31201
For Sale
Contact for pricing
A fully occupied outpatient facility combines clinical offices with dedicated surgical and laser treatment areas.
Property Size17,500 SF
Price / SF$360
Days on Market32
Property Features for 1429 OGLETHORPE ST
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Office Units
Property Use
Medical Specialty
Building Details
Year Built
Buildings
Building Size
Tenancy
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #CQ1059597
(949) 942-6585
Source:
Crexi
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 3:58PM
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 ParaSell Inc
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Investment Insights
Based on property information with market context.
Located at 1429 Oglethorpe St in Macon, this 17,500-square-foot medical center is configured for outpatient eye care. The building dates to 1984 and has received substantial updates for contemporary ophthalmic services. Its facilities include two operating rooms, a separate laser suite, diagnostic equipment, and clinical office space. The property holds a CON license and is fully leased to Eye Health America, working with the practicing physicians who operate the center.
The practice provides ophthalmology services that include cataract surgery, glaucoma care, LASIK, and corneal procedures. The ambulatory surgery center is run through a joint venture between Eye Health America and the physicians.
The practice provides ophthalmology services that include cataract surgery, glaucoma care, LASIK, and corneal procedures. The ambulatory surgery center is run through a joint venture between Eye Health America and the physicians.
Key Highlights
- 17,500‑square‑foot medical outpatient building in Macon
- Fully leased to Eye Health America in partnership with practicing physicians
- CON‑licensed ambulatory surgery center operated as a physician and Eye Health America joint venture
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$234,360
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,687,200
$4.7M
Cap Rate 7%
$3,348,000
$3.3M
Cap Rate 9%
$2,604,000
$2.6M
Market Conditions
NOI Build-Up for 17,500 SF
Gross rent
$420.0K $24.00/SF
− Vacancy
−$29.4K −$1.68/SF
EGI
$390.6K $22.32/SF
− OpEx
−$156.2K −$8.93/SF
NOI
$234.4K $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 Rate 5%
$4,687,200
Cap Rate 7%
$3,348,000
Cap Rate 9%
$2,604,000
Alternative Uses
Best Use
Healthcare Medical
$3.35M
$2.93M – $3.91M
NOI $234,360 @ 7.0% cap · market cap 3.72%
Second Best
Office B
$2.45M
$2.14M – $2.86M
NOI $171,360 @ 7.0% cap · market cap 2.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,018
Businesses Nearby
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Business Placement
Demographics for 31201, GA
8,882
Population
4,916
Households
1.8
Avg Household Size
35
Median Age
29%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
945
Density / Sq Mi
$22,936
Median Household Income
$27,311
Median Earnings
$912
Median Rent
$151,400
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 center - A fully occupied outpatient facility combines clinical offices with dedicated surgical and laser treatment areas.
Where is this medical center located?
The property is located at 1429 OGLETHORPE ST Macon, GA.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: 17,500‑square‑foot medical outpatient building in Macon; Fully leased to Eye Health America in partnership with practicing physicians; CON‑licensed ambulatory surgery center operated as a physician and Eye Health America joint venture
