Fully Leased Medical
For Sale
$3,434,103
190 Handley Rd, Tyrone, GA 30290
Healthcare occupants provide full occupancy, with contractual annual rent increases in place.
Property Size16,018 SF
Price / SF$214.39
Days on Market9
Property Features for 190 Handley Rd
General Information
Standard status
Active
Size
16,018 SF
Property subtype
Office
Zoning
O-I
Occupancy
100%
Building Details
Building Size
16,018 SF
Tenancy
Multi
Listing Agency:
Colliers
Listed By:
Ryan Reid
Source:
Cpix.resimplifi
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 14 at 7:40PM
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 Colliers
Investment Insights
Based on property information with market context.
This 16,018-square-foot medical office property is fully occupied by healthcare tenants and carries O-I zoning. Women’s Medical Center, an anchor tenant, recently renewed its lease for a long term. The property has a 4.55-year weighted average lease term, and tenant leases include annual contractual rent increases.
The property is approximately 5 miles from Piedmont Fayette Hospital and 15 miles from Piedmont Newnan Hospital, within Fayette County’s trade area.
The property is approximately 5 miles from Piedmont Fayette Hospital and 15 miles from Piedmont Newnan Hospital, within Fayette County’s trade area.
Key Highlights
- 16,018‑square‑foot medical office property
- 100% occupied by healthcare tenants
- Women’s Medical Center recently completed a long‑term lease renewal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$232,245
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,644,900
$4.6M
Cap Rate 7%
$3,317,786
$3.3M
Cap Rate 9%
$2,580,500
$2.6M
Market Conditions
NOI Build-Up for 16,018 SF
Gross rent
$432.5K $27.00/SF
− Vacancy
−$45.4K −$2.84/SF
EGI
$387.1K $24.17/SF
− OpEx
−$154.8K −$9.67/SF
NOI
$232.2K $14.50/SF
Area
Fayette 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 Rate 5%
$4,644,900
Cap Rate 7%
$3,317,786
Cap Rate 9%
$2,580,500
Alternative Uses
Best Use
Healthcare Medical
$3.32M
$2.90M – $3.87M
NOI $232,245 @ 7.0% cap · market cap 6.76%
Second Best
Office B
$3.06M
$2.68M – $3.57M
NOI $214,498 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$4.48M
$3.92M – $5.22M
NOI $313,435 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30290, GA
9,256
Population
3,542
Households
2.6
Avg Household Size
43
Median Age
57%
College-Educated
95%
High-School Grad
17.9 sq mi
ZIP Area
517
Density / Sq Mi
$122,738
Median Household Income
$70,078
Median Earnings
$795
Median Rent
$417,000
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare occupants provide full occupancy, with contractual annual rent increases in place.
Where is this medical office space located?
The property is located at 190 Handley Rd Tyrone, GA.
What is the asking price?
The asking price for this property is $3,434,103.
What are key features of this property?
This property features: 16,018‑square‑foot medical office property; 100% occupied by healthcare tenants; Women’s Medical Center recently completed a long‑term lease renewal
