Freestanding Medical Office
New
For Sale
$540,000
1929 Old Salem Road SE, Conyers, GA 30013
One-story brick medical office with reception, private offices, patient areas, storage, break room, and two baths.
Property Size2,600 SF
Price / SF$207.69
Days on Market5
Property Features for 1929 Old Salem Road SE
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Commercial
Zoning
O/I
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,984
Amenities
Central air
Corner Lot
Accessible Entrance
Accessible Full Bath
Accessible Hallway(s)
Accessible Kitchen
Central Air Cooling
Composition Roof
Concrete Flooring
Electric Cooling
Electric Heating
Laminate Flooring
Parking Lot
Paved
Building Details
Year Built
2011
Buildings
1
Stories
1
Construction
brick
Listing Agency:
RE/MAX Around Atlanta East
(770) 851-0380
Listed By:
LeAnne Long · License #147849
Source:
Corcoran
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 10:14PM
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 RE/MAX Around Atlanta East
Investment Insights
Based on property information with market context.
This one-story brick medical office building provides 2,600 square feet of freestanding office space on land included in the sale. The interior includes a lobby, reception area, two private offices, file and storage areas, additional office suites or patient areas, a break room, and two bathrooms. Constructed in 2011, the layout is configured for office and medical-service functions.
The property is located in Rockdale County near Flat Shoals and Old Salem Road. Access is available from both Old Salem Road and Flat Shoals, with I-20 reachable via the Highway 138 exit 84. The building and land are offered together for sale and are not available for lease.
The property is located in Rockdale County near Flat Shoals and Old Salem Road. Access is available from both Old Salem Road and Flat Shoals, with I-20 reachable via the Highway 138 exit 84. The building and land are offered together for sale and are not available for lease.
Key Highlights
- 2,600 SF one‑story brick office building
- 2011 construction with building and land included
- O/I (Office/Industrial) zoning in Rockdale County
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
$37,697
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
6.98%
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%
$753,940
$753.9K
Cap Rate 7%
$538,529
$538.5K
Cap Rate 9%
$418,856
$418.9K
Market Conditions
NOI Build-Up for 2,600 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
$70.2K $27.00/SF
− Vacancy
−$7.4K −$2.84/SF
EGI
$62.8K $24.17/SF
− OpEx
−$25.1K −$9.67/SF
NOI
$37.7K $14.50/SF
Area
Rockdale 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%
$753,940
Cap Rate 7%
$538,529
Cap Rate 9%
$418,856
Alternative Uses
Best Use
Healthcare Medical
$538.5K
$471.2K – $628.3K
NOI $37,697 @ 7.0% cap · market cap 6.98%
Second Best
Office B
$497.4K
$435.2K – $580.3K
NOI $34,817 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$730.1K
$638.8K – $851.8K
NOI $51,106 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30013, GA
29,181
Population
11,138
Households
2.6
Avg Household Size
38
Median Age
33%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
1,028
Density / Sq Mi
$71,086
Median Household Income
$41,244
Median Earnings
$1,447
Median Rent
$274,300
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.
Frequently Asked Questions
What type of property is this?
Medical Office Space - One-story brick medical office with reception, private offices, patient areas, storage, break room, and two baths.
Where is this medical office space located?
The property is located at 1929 Old Salem Road SE Conyers, GA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 2,600 SF one‑story brick office building; 2011 construction with building and land included; O/I (Office/Industrial) zoning in Rockdale County
