Medical Office
1618 Mars Hill Road Watkinsville, GA 30677
For Sale
Under Contract
$995,000
COMMERCIAL - Other - Watkinsville, GA
Property Size5,902 SF
Lot Size0.66 Acres
Price / SF$168.59
Days on Market124
Property Features for 1618 Mars Hill Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
001
Bathrooms
6
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 6, Bathroom 3, Bathroom 5
Exterior features
Irrigation System
Appliances
Electric Water Heater
Standard status
Active Under Contract
APN
B04-F0-11
Size
5,902 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1427/168 1151/96 1148418
Tax Annual Amount
5331
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central, Heat Pump (Heating)
Cooling system
Heat Pump, Electric, Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Building materials
Brick, Concrete
Roof type
Composition
Architectural style
Other
Listing Agency:
Kilgore Real Estate Group
(706) 769-1400
Listed By:
Kirby Kilgore · License #239345
(706) 255-5894
Added: Mar 27
Changed: Jul 7
Last Checked: Jul 28 at 3:06AM
MLS# CL352106
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office building at Windridge Office Park offers two levels of finished space. The first level totals 4,260 square feet and includes a reception area, a bookkeeping area, 17 exam rooms/offices, and five bathrooms. One room features leaded sheetrock walls and is suitable for X-rays. The upstairs provides a finished area of approximately 1,642 square feet with an additional bathroom, office and record-keeping space, and a breakroom with potential for additional rental income.
The property has a sign monument visible to traffic on Mars Hill Road. The tenant is responsible for all utilities, insurance, tax, and CAM fees. The current lease runs through September 30, 2026, with occupancy available beginning October 1, 2026.
The property has a sign monument visible to traffic on Mars Hill Road. The tenant is responsible for all utilities, insurance, tax, and CAM fees. The current lease runs through September 30, 2026, with occupancy available beginning October 1, 2026.
Key Highlights
- Office building at Windridge Office Park on heavily traveled Mars Hill Rd with a sign monument visible to traffic.
- Main level totals 4,260 SF with a reception area, bookkeeping area, 17 exam rooms/offices, and 5 bathrooms.
- Finished upstairs area of approximately 1,642 SF with an additional bathroom, office/record‑keeping space, and breakroom.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.6k | $24.00 |
| − Vacancy | −$14.2k | −$2.40 |
| EGI | $127.5k | $21.60 |
| − OpEx | −$51.0k | −$8.64 |
| NOI | $76.5k | $12.96 |
5,902 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.09M
$956.1K – $1.27M
NOI $76,490 @ 7.0% cap · market cap 7.69%
Second Best
Office B
$1.09M
$954.9K – $1.27M
NOI $76,394 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,596 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Woodlands Veterinary Referral — 1020 Woodlands Rd, Watkinsville, GA 30677
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-level medical office includes multiple exam rooms and an upstairs finished area with additional offices and bathroom.
Where is this medical office space located?
The property is located at 1618 Mars Hill Road Watkinsville, GA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Office building at Windridge Office Park on heavily traveled Mars Hill Rd with a sign monument visible to traffic.; Main level totals 4,260 SF with a reception area, bookkeeping area, 17 exam rooms/offices, and 5 bathrooms.; Finished upstairs area of approximately 1,642 SF with an additional bathroom, office/record‑keeping space, and breakroom.
