Medical Center with Exam
For Sale
$2,500,000
200 S Houston Lake Road, Warner Robins, GA 31088
COMMERCIAL - Warner Robins, GA
Property Size12,000 SF
Lot Size1.13 Acres
Price / SF$208.33
Days on Market467
Property Features for 200 S Houston Lake Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Subdivision
Watson Blvd. South to 96
Standard status
Active
Size
12,000 SF
Lot size
1.13 Acres
Utilities
Heating system
Central, Electric (Heating), Heat Pump (Heating)
Cooling system
Electric, Central Air, Heat Pump
Listing Agency:
KEG REALTORS
(478) 922-7701
Listed By:
Kevin Greer · License #153445
(478) 808-2271
Added: May 3, 2025
Changed: Aug 6
Last Checked: Aug 12 at 7:06AM
MLS# 253973
Copyright © 2026 Central Georgia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 12,000-square-foot medical center occupies 1.13 acres at 200 S Houston Lake Road in Warner Robins. The facility includes 22 exam rooms, six offices, two waiting areas, a lead-lined room, and a kitchen area. Its layout can be separated into two individual office suites, providing flexibility for medical or related professional operations.
The property is in Houston County and carries C zoning. Central air, electric heating, and heat pump systems are present, along with electric cooling and heat pump cooling equipment.
The property is in Houston County and carries C zoning. Central air, electric heating, and heat pump systems are present, along with electric cooling and heat pump cooling equipment.
Key Highlights
- 12,000‑square‑foot medical center on 1.13 acres
- 22 exam rooms and six offices
- Two waiting areas support patient circulation
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
$141,510
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
5.66%
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%
$2,830,200
$2.8M
Cap Rate 7%
$2,021,571
$2.0M
Cap Rate 9%
$1,572,333
$1.6M
Market Conditions
NOI Build-Up for 12,000 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
$263.5K $21.96/SF
− Vacancy
−$27.7K −$2.31/SF
EGI
$235.9K $19.65/SF
− OpEx
−$94.3K −$7.86/SF
NOI
$141.5K $11.79/SF
Area
Houston County, GA
Vacancy
10.50%
Lease Rate
$21.96 /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%
$2,830,200
Cap Rate 7%
$2,021,571
Cap Rate 9%
$1,572,333
Alternative Uses
Best Use
Healthcare Medical
$2.02M
$1.77M – $2.36M
NOI $141,510 @ 7.0% cap · market cap 5.66%
Second Best
Office B
$1.80M
$1.57M – $2.10M
NOI $125,755 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,302 @ 7.0% cap · market cap 7.25%
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
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 31088, GA
57,034
Population
24,167
Households
2.4
Avg Household Size
36
Median Age
36%
College-Educated
94%
High-School Grad
29.4 sq mi
ZIP Area
1,940
Density / Sq Mi
$81,507
Median Household Income
$44,764
Median Earnings
$1,224
Median Rent
$189,700
Median Home Value
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 center - Configured for medical use with extensive clinical and administrative space.
Where is this medical center located?
The property is located at 200 S Houston Lake Road Warner Robins, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12,000‑square‑foot medical center on 1.13 acres; 22 exam rooms and six offices; Two waiting areas support patient circulation
