Two-Story Medical Office
For Sale
$7,000,000
1706 Magnolia Way, Augusta, GA 30909
Existing imaging, outpatient, therapy, and administrative areas support multiple healthcare functions.
Property Size30,512 SF
Price / SF$229.21
Days on Market168
Property Features for 1706 Magnolia Way
General Information
Standard status
Active
Size
30,512 SF
Class
A
Elevators
Yes
Property subtype
Medical/Healthcare
Additional Details
Highway Access
Yes
Amenities
conference rooms
waiting areas
staff break area
Building Details
Building Size
30,512 SF
Year Built
2009
Buildings
1
Stories
2
Properties For Sale
at 1706 Magnolia Way Contact us- Size
- 30,540 SF
- Lease Type
- NNN
1706 Magnolia Way
Listing Agency:
Meybohm Commercial Properties, LLC
(706) 736-3375
Listed By:
John Eckley · License #366880
(706) 736-3375
Source:
Thebrokerlist
Added: Mar 16
Changed: Aug 29
Last Checked: Aug 29 at 8:06PM
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 Meybohm Commercial Properties, LLC
Investment Insights
Based on property information with market context.
This 30,540 SF, two-story Class A medical office building was constructed in 2009 and previously occupied by an orthopedic practice. The first floor includes reception, patient check-in, elevator access, a 4,000 SF therapy area, 8 mobility rooms, an MRI suite with existing RF shielding, and 3,500 SF of unfinished space planned for a surgical suite with two operating rooms. The second floor contains an outpatient clinic with 18 exam rooms, provider and administrative offices, X-ray suites, a casting room, and a centralized nurses’ station.
Additional improvements include a dedicated MRI waiting area and entrance, patient drop-off, conference space, staff break areas, a secure medical records room, and an 800 SF billing room. The property also offers on-site parking and is positioned near major hospitals and specialty providers. Direct access to I-20 connects the facility with Augusta, Fort Eisenhower, Columbia County, and the broader CSRA region.
Additional improvements include a dedicated MRI waiting area and entrance, patient drop-off, conference space, staff break areas, a secure medical records room, and an 800 SF billing room. The property also offers on-site parking and is positioned near major hospitals and specialty providers. Direct access to I-20 connects the facility with Augusta, Fort Eisenhower, Columbia County, and the broader CSRA region.
Key Highlights
- 30,540 SF two‑story Class A medical office building constructed in 2009
- 3,500 SF unfinished area designed for a surgical suite with two operating rooms
- MRI suite with existing RF shielding and infrastructure
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
$467,262
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
6.68%
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%
$9,345,240
$9.3M
Cap Rate 7%
$6,675,171
$6.7M
Cap Rate 9%
$5,191,800
$5.2M
Market Conditions
NOI Build-Up for 30,540 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
$733.0K $24.00/SF
− Vacancy
−$109.9K −$3.60/SF
EGI
$623.0K $20.40/SF
− OpEx
−$155.8K −$5.10/SF
NOI
$467.3K $15.30/SF
Area
Augusta, GA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$9,345,240
Cap Rate 7%
$6,675,171
Cap Rate 9%
$5,191,800
Alternative Uses
Best Use
Office B
$6.68M
$5.84M – $7.79M
NOI $467,262 @ 7.0% cap · market cap 6.68%
Second Best
Healthcare Medical
$6.36M
$5.56M – $7.42M
NOI $445,053 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$9.64M
$8.43M – $11.25M
NOI $674,775 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30909, GA
48,181
Population
24,005
Households
2
Avg Household Size
35
Median Age
40%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
1,889
Density / Sq Mi
$67,710
Median Household Income
$41,812
Median Earnings
$1,196
Median Rent
$237,600
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.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing imaging, outpatient, therapy, and administrative areas support multiple healthcare functions.
Where is this medical office space located?
The property is located at 1706 Magnolia Way Augusta, GA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 30,540 SF two‑story Class A medical office building constructed in 2009; 3,500 SF unfinished area designed for a surgical suite with two operating rooms; MRI suite with existing RF shielding and infrastructure
