Medical Office Building

150 Medical Way, Riverdale, GA 30274

For Sale

$2,802,000

Medical office building for sale with ample acreage for a planned campus-style setup.

Property Size14,010 SF

Lot Size3.40 Acres

Price / SF$200

Days on Market141

Property Features for 150 Medical Way

General Information

Standard status Active

Size 14,010 SF

Lot size 3.40 Acres

Property subtype Office

Building Details

Building Size 14,010 SF

Year Built 1978

Listed By: Matt Orville

Source: Lee-associates

Added: Jun 24 Changed: Nov 6 Last Checked: Nov 10 at 5:57AM

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 Matt Orville

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Investment Insights

Based on property information with market context.

This offering is a medical office building totaling 14,010 square feet, situated on 3.4 acres, and presented for sale as a dedicated office asset. The property is positioned to serve healthcare and related professional uses where a medical office layout is required.

The building is located at 150 Medical Way in Riverdale, GA 30274. With the asset set on multiple acres, the site provides room for an established medical campus approach rather than a tightly constrained urban footprint.

For buyers seeking a facility designed for medical office operations, the building’s size and dedicated medical-office positioning make it suitable for a range of healthcare practice configurations. The acreage supports the practical needs of an office owner or operator who wants space on site, with room to accommodate the day-to-day requirements of a medical user, all within a single, for-sale package. Please contact for additional details on the interior layout and current buildout, as those specifics were not provided here.

Key Highlights

Medical office space for sale with 14,010 SF building size
Set on 3.4 acres of land
Built in 1978

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$189,589

Cap Rate

6.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,791,780 $3.8M

Cap Rate 7%

$2,708,414 $2.7M

Cap Rate 9%

$2,106,544 $2.1M

Market Conditions

NOI Build-Up for 14,010 SF

Gross rent

$353.1K $25.20/SF

− Vacancy

−$37.1K −$2.65/SF

EGI

$316.0K $22.55/SF

− OpEx

−$126.4K −$9.02/SF

NOI

$189.6K $13.53/SF

Area

Clayton County, GA

Vacancy

10.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,791,780

Cap Rate 7%

$2,708,414

Cap Rate 9%

$2,106,544

Alternative Uses

Best Use

Healthcare Medical

$2.71M

$2.37M – $3.16M (±1% cap)

NOI $189,589 @ 7.0% cap · market cap 6.77%

Second Best

Office B

$2.68M

$2.35M – $3.13M (±1% cap)

NOI $187,609 @ 7.0% cap · market cap 6.70%

Theoretical Best

Office A

$3.92M

$3.43M – $4.57M (±1% cap)

NOI $274,143 @ 7.0% cap · market cap 9.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Dr. Jonathan Hill Physician Myron Falkner Physician Life Cycle OB ... Physician Wellness Around the World ... Alternative Medicine Practice Rohit Mohan Khanna Physician