Brick Office
For Sale
$1,025,000
275 Professional Court, Riverdale, GA 30274
Commercial Sale, Riverdale, GA
Property Size6,583 SF
Lot Size0.94 Acres
Price / SF$155.70
Days on Market246
Property Features for 275 Professional Court
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
O-I
Parking
25
Appliances
Electric Water Heater
Directions
From Metro Atlanta, take I-75 S. Take exit 235 toward US 19/US Hwy 41/GA-3/Griffin/Jonesboro. In 0.5 miles, slight right onto Upper Riverdale Rd. In 1.4 miles, turn right onto River Park Dr. In 500 ft, turn right on Professional Court. The property will be on your left.
Standard status
Active
APN
13140C A051
Lot size
0.94 Acres
Taxes and HOA fees
Tax Description
11454 507
Legal Description
11454 507
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
conference room
kitchen/break areas
Building Details
Year built
2001
Floors in Building
1
Building materials
Brick
Listing Agency:
NAI Elrod Group
(706) 553-1000
Listed By:
Brian Elrod · License #251606
(678) 859-6110
Added: Jan 13
Changed: Sep 12
Last Checked: Sep 16 at 6:06PM
MLS# CL347625
Copyright © 2026 Hive 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.
Constructed in 2001, this 6,583-square-foot brick office building occupies 0.935 acres and is zoned O-I. The layout combines private offices, open work areas, administrative space with cubicle stations, conference facilities, kitchen and break areas, storage, and multiple suite entrances. Central heating and cooling, an electric water heater, public water, and public sewer support the property’s existing office configuration.
The property is located at 275 Professional Court in Riverdale’s established medical corridor, within Clayton County. Its setting provides visibility, accessible entries, mature landscaping, and on-site parking. The location also offers convenient access to I-75 and nearby retail, dining, and residential areas. The building can support continued medical office occupancy, multi-specialty group use, or other professional office applications.
The property is located at 275 Professional Court in Riverdale’s established medical corridor, within Clayton County. Its setting provides visibility, accessible entries, mature landscaping, and on-site parking. The location also offers convenient access to I-75 and nearby retail, dining, and residential areas. The building can support continued medical office occupancy, multi-specialty group use, or other professional office applications.
Key Highlights
- 6,583 SF office building on a 0.935‑acre site
- Brick construction with multiple suite entrances
- Private offices, open work areas, conference room, and administrative space
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
$88,153
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
8.60%
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%
$1,763,060
$1.8M
Cap Rate 7%
$1,259,329
$1.3M
Cap Rate 9%
$979,478
$979.5K
Market Conditions
NOI Build-Up for 6,583 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
$157.1K $23.87/SF
− Vacancy
−$39.6K −$6.02/SF
EGI
$117.5K $17.85/SF
− OpEx
−$29.4K −$4.46/SF
NOI
$88.2K $13.39/SF
Area
Clayton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$1,763,060
Cap Rate 7%
$1,259,329
Cap Rate 9%
$979,478
Alternative Uses
Best Use
Healthcare Medical
$1.36M
$1.19M – $1.59M
NOI $95,447 @ 7.0% cap · market cap 9.31%
Second Best
Office B
$1.26M
$1.10M – $1.47M
NOI $88,153 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,814 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 30274, GA
34,537
Population
14,299
Households
2.4
Avg Household Size
34
Median Age
21%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
3,386
Density / Sq Mi
$50,455
Median Household Income
$33,141
Median Earnings
$1,241
Median Rent
$157,100
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
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Frequently Asked Questions
What type of property is this?
Office building - Established office property with multiple suite entrances, private offices, conference space, and support areas.
Where is this office building located?
The property is located at 275 Professional Court Riverdale, GA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: 6,583 SF office building on a 0.935‑acre site; Brick construction with multiple suite entrances; Private offices, open work areas, conference room, and administrative space
