Medical Office
For Sale
$2,802,000
150 Medical Way, Riverdale, GA 30274
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 Market50
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
Year Built
1978
Listing Agency:
(714) 788-0430
Listed By:
Matt Orville
(714) 788-0430
Source:
Lee-associates
Added: Jun 24
Changed: Jul 10
Last Checked: Aug 12 at 3:59AM
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
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.
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 = 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
$203,131
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
7.25%
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%
$4,062,620
$4.1M
Cap Rate 7%
$2,901,871
$2.9M
Cap Rate 9%
$2,257,011
$2.3M
Market Conditions
NOI Build-Up for 14,010 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
$378.3K $27.00/SF
− Vacancy
−$39.7K −$2.84/SF
EGI
$338.6K $24.17/SF
− OpEx
−$135.4K −$9.67/SF
NOI
$203.1K $14.50/SF
Area
Clayton 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%
$4,062,620
Cap Rate 7%
$2,901,871
Cap Rate 9%
$2,257,011
Alternative Uses
Best Use
Healthcare Medical
$2.90M
$2.54M – $3.39M
NOI $203,131 @ 7.0% cap · market cap 7.25%
Second Best
Office B
$2.68M
$2.35M – $3.13M
NOI $187,609 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$3.92M
$3.43M – $4.57M
NOI $274,143 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30274, GA
34,537
Population
14,299
Households
2.4
Avg Household Size
34
Median Age
21%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
3,386
Density / Sq Mi
$50,455
Median Household Income
$33,141
Median Earnings
$1,241
Median Rent
$157,100
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 - Medical office building for sale with ample acreage for a planned campus-style setup.
Where is this medical office space located?
The property is located at 150 Medical Way Riverdale, GA.
What is the asking price?
The asking price for this property is $2,802,000.
What are key features of this property?
This property features: Medical office space for sale with 14,010 SF building size; Set on 3.4 acres of land; Built in 1978
