Standalone Medical Office
For Sale
Contact for pricing
1452 Church Street, Decatur, GA 30030
Standalone medical office with dedicated parking, recently sealed roof, and existing income from a basement tenant.
Property Size7,910 SF
Price / SF$214.92
Days on Market94
Property Features for 1452 Church Street
General Information
Standard status
Active
Size
7,910 SF
Class
C
Total Parking Spaces
20
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Year Built
1961
Listing Agency:
Lee & Associates - Atlanta
Listed By:
Matt Orville · License #GA 01830994
Source:
Crexi
Added: Jun 4
Changed: Aug 26
Last Checked: Sep 5 at 9:51AM
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 Lee & Associates - Atlanta
Investment Insights
Based on property information with market context.
This 7,910 SF standalone medical office building is set up for healthcare users, with dedicated on-site parking and multiple HVAC units reported in good working order. The roof was sealed in 2025. In addition to the primary space, the property includes a 3,179 SF basement tenant area generating $5,285.09 per month in gross income, providing near-term cash flow while the building is positioned for an owner-user or SBA-supported occupancy.
The building is located in the heart of Decatur’s established medical hub, just one block from Emory Hospital. Access is described as immediate to N. Decatur Road, Church Street, and Scott Boulevard, supporting convenient patient and staff travel.
Approximately 60% of the ground floor is expected to be available at closing, giving a buyer space to move in while retaining the basement tenant. This configuration can appeal to physician groups and medical practices that want a turnkey, healthcare-focused facility with parking and building systems that are already in place, without requiring immediate full redevelopment.
The building is located in the heart of Decatur’s established medical hub, just one block from Emory Hospital. Access is described as immediate to N. Decatur Road, Church Street, and Scott Boulevard, supporting convenient patient and staff travel.
Approximately 60% of the ground floor is expected to be available at closing, giving a buyer space to move in while retaining the basement tenant. This configuration can appeal to physician groups and medical practices that want a turnkey, healthcare-focused facility with parking and building systems that are already in place, without requiring immediate full redevelopment.
Key Highlights
- 7,910 SF standalone medical office building built in 1961
- 20 dedicated parking spaces for patients and staff
- Roof sealed in 2025 and HVAC units in good working order
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
$114,687
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
6.75%
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%
$2,293,740
$2.3M
Cap Rate 7%
$1,638,386
$1.6M
Cap Rate 9%
$1,274,300
$1.3M
Market Conditions
NOI Build-Up for 7,910 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
$213.6K $27.00/SF
− Vacancy
−$22.4K −$2.84/SF
EGI
$191.1K $24.17/SF
− OpEx
−$76.5K −$9.67/SF
NOI
$114.7K $14.50/SF
Area
DeKalb 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%
$2,293,740
Cap Rate 7%
$1,638,386
Cap Rate 9%
$1,274,300
Alternative Uses
Best Use
Healthcare Medical
$1.64M
$1.43M – $1.91M
NOI $114,687 @ 7.0% cap · market cap 6.75%
Second Best
Office B
$1.51M
$1.32M – $1.77M
NOI $105,923 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,780 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,241
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30030, GA
32,364
Population
14,672
Households
2.2
Avg Household Size
39
Median Age
77%
College-Educated
96%
High-School Grad
6.7 sq mi
ZIP Area
4,830
Density / Sq Mi
$127,318
Median Household Income
$81,712
Median Earnings
$1,683
Median Rent
$598,400
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 - Standalone medical office with dedicated parking, recently sealed roof, and existing income from a basement tenant.
Where is this medical office space located?
The property is located at 1452 Church Street Decatur, GA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 7,910 SF standalone medical office building built in 1961; 20 dedicated parking spaces for patients and staff; Roof sealed in 2025 and HVAC units in good working order
