Former Medical Office
For Sale
$325,000
1897 Hiram Douglasville Hwy, Hiram, GA 30141
Approximately 1,800 SF medical office on a 1-acre parcel at the intersection of Nebo and SR92.
Property Size1,800 SF
Lot Size1.00 Acre
Price / SF$180.56
Days on Market174
Property Features for 1897 Hiram Douglasville Hwy
General Information
Standard status
Active
Size
1,800 SF
Lot size
1.00 Acre
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,018
Listing Agency:
Harry Norman Realtors
Listed By:
Ross Doyle
(770) 422-6005
Source:
Exprealty
Added: Mar 16
Changed: Aug 20
Last Checked: Sep 5 at 11:08AM
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 Harry Norman Realtors
Investment Insights
Based on property information with market context.
This former medical office space offers approximately 1,800 SF within a 1-acre parcel. The property is positioned at the intersection of Nebo and SR92, with frontage that benefits from its high-traffic area.
The building sits directly adjacent to Cotton Field Plaza, a retail and office complex. The recent expansion along SR92 includes new sewer service and improved traffic flow, supporting accessibility for prospective tenants or buyers.
For sale at $325,000, this property is best suited for buyers seeking an existing medical office setting in a growing area of Paulding County, with documented interest tied to expanding aerospace and advanced manufacturing industries.
The building sits directly adjacent to Cotton Field Plaza, a retail and office complex. The recent expansion along SR92 includes new sewer service and improved traffic flow, supporting accessibility for prospective tenants or buyers.
For sale at $325,000, this property is best suited for buyers seeking an existing medical office setting in a growing area of Paulding County, with documented interest tied to expanding aerospace and advanced manufacturing industries.
Key Highlights
- Approximately 1,800 SF former medical office space
- Set on a 1‑acre parcel at the intersection of Nebo and SR92
- Directly adjacent to Cotton Field Plaza, a retail and office complex
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
$26,098
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
8.03%
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%
$521,960
$522.0K
Cap Rate 7%
$372,829
$372.8K
Cap Rate 9%
$289,978
$290.0K
Market Conditions
NOI Build-Up for 1,800 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
$48.6K $27.00/SF
− Vacancy
−$5.1K −$2.84/SF
EGI
$43.5K $24.17/SF
− OpEx
−$17.4K −$9.67/SF
NOI
$26.1K $14.50/SF
Area
Paulding 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%
$521,960
Cap Rate 7%
$372,829
Cap Rate 9%
$289,978
Alternative Uses
Best Use
Healthcare Medical
$372.8K
$326.2K – $435.0K
NOI $26,098 @ 7.0% cap · market cap 8.03%
Second Best
Office B
$344.3K
$301.3K – $401.7K
NOI $24,104 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$505.4K
$442.3K – $589.7K
NOI $35,381 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30141, GA
23,616
Population
9,151
Households
2.6
Avg Household Size
38
Median Age
32%
College-Educated
91%
High-School Grad
27.6 sq mi
ZIP Area
856
Density / Sq Mi
$84,724
Median Household Income
$47,704
Median Earnings
$1,706
Median Rent
$254,800
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 - Approximately 1,800 SF medical office on a 1-acre parcel at the intersection of Nebo and SR92.
Where is this medical office space located?
The property is located at 1897 Hiram Douglasville Hwy Hiram, GA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Approximately 1,800 SF former medical office space; Set on a 1‑acre parcel at the intersection of Nebo and SR92; Directly adjacent to Cotton Field Plaza, a retail and office complex
