Freestanding Medical Office
For Sale
Contact for pricing
1818 Warm Springs Road, Columbus, GA 31904
Leased medical office building with long-term tenant.
Property Size2,914 SF
Price / SF$197.32
Days on Market147
Property Features for 1818 Warm Springs Road
General Information
Standard status
Active
Size
2,914 SF
Class
B
Property subtype
Office
Zoning
RO
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$54,000
Building Details
Year Built
1991
Year Renovated
2024
Buildings
1
Tenancy
Single
Listing Agency:
G2 Commercial Real Estate Services
Listed By:
Amy Gill · License #381793
(706) 660-5418
Source:
Crexi
Added: May 22
Changed: Oct 10
Last Checked: Oct 14 at 9:15PM
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 G2 Commercial Real Estate Services
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Investment Insights
Based on property information with market context.
This freestanding medical office building offers a stabilized investment opportunity with an established medical tenant in place through December 2030. The property, with a size of approximately 2,914 square feet, generates $54,000 annually in rental income, with scheduled rent escalations. The lease is structured as modified gross, including expense pass-through protections that require the tenant to reimburse increases in taxes, insurance, and operating expenses above the Base Year. Utilities are separately metered for electricity, gas, telephone, and data services. Landlord responsibilities are limited to the roof, structure, exterior walls, and capped HVAC repairs, while the tenant is responsible for routine HVAC maintenance and replacement. Formerly an oral surgery and dental implant center, the property is fully built out for medical use. The layout includes a reception and waiting area, x-ray and lab space, private offices, 5 exam rooms, a breakroom, and patient and staff restrooms. The finished upstairs attic space includes a kitchenette and washer/dryer hookups. Ample on-site parking and signage further support the property's long-term medical tenancy and investment appeal.
Key Highlights
- Stabilized investment with established medical tenant in place through December 2030.
- $54,000 annual rental income with scheduled rent escalations.
- Modified gross lease with expense pass‑through protections for taxes, insurance, and operating expenses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,279
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,580
$685.6K
Cap Rate 7%
$489,700
$489.7K
Cap Rate 9%
$380,878
$380.9K
Market Conditions
NOI Build-Up for 2,914 SF
Gross rent
$49.3K $16.92/SF
− Vacancy
−$3.6K −$1.24/SF
EGI
$45.7K $15.68/SF
− OpEx
−$11.4K −$3.92/SF
NOI
$34.3K $11.76/SF
Area
Columbus, GA
Vacancy
7.30%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,580
Cap Rate 7%
$489,700
Cap Rate 9%
$380,878
Alternative Uses
Best Use
Office B
$489.7K
$428.5K – $571.3K
NOI $34,279 @ 7.0% cap · market cap 5.96%
Second Best
Healthcare Medical
$489.0K
$427.9K – $570.5K
NOI $34,231 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$652.0K
$570.5K – $760.7K
NOI $45,641 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31904, GA
36,947
Population
15,947
Households
2.3
Avg Household Size
39
Median Age
31%
College-Educated
88%
High-School Grad
27.5 sq mi
ZIP Area
1,344
Density / Sq Mi
$65,625
Median Household Income
$42,573
Median Earnings
$1,036
Median Rent
$216,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Leased medical office building with long-term tenant.
Where is this medical office space located?
The property is located at 1818 Warm Springs Road Columbus, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Stabilized investment with established medical tenant in place through December 2030.; $54,000 annual rental income with scheduled rent escalations.; Modified gross lease with expense pass‑through protections for taxes, insurance, and operating expenses.
