Riverdale Professional Office
For Sale
Contact for pricing
275 Professional Ct, Riverdale, GA 30274
6,583 SF office building in Riverdale's medical corridor.
Property Size6,583 SF
Lot Size0.94 Acres
Price / SF$155.70
Days on Market201
Property Features for 275 Professional Ct
General Information
Standard status
Active
Size
6,583 SF
Class
B
Lot size
0.94 Acres
Property subtype
Office
Zoning
O-I
Building Details
Year Built
2001
Stories
1
Tenancy
Single
Listing Agency:
NAI Elrod Group
(706) 553-1000
Listed By:
Brian Elrod · License #GA 251606
Source:
Crexi
Added: Jan 23
Changed: Aug 8
Last Checked: Aug 11 at 5:49AM
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 NAI Elrod Group
Investment Insights
Based on property information with market context.
This professional office building, situated on 0.935 acres in Riverdale, Georgia, offers 6,583 square feet of space. The brick building features ample parking, multiple suite entrances, and professional landscaping. Located in Riverdale's established medical corridor, the property benefits from strong visibility and convenient access to I-75. The building's interior includes a mix of private offices, open work areas, conference space, and support functions. The brick exterior provides multiple suite entrances for tenant convenience, and the flexible floor plans can accommodate various professional uses. Interior spaces include private offices, administrative areas with cubicle stations, a conference room, kitchen/break areas, and storage throughout. The 0.935-acre site provides generous parking and accessible entries. The property is suitable for continued medical office use, multi-specialty group occupancy, or conversion to alternative professional uses. Located on Professional Court in Riverdale's medical corridor, this property offers strong visibility and easy access in Clayton County. Riverdale's position along I-75 south of Atlanta serves the growing southern metro market, with proximity to retail, dining, and residential areas throughout Clayton County.
Key Highlights
- Located in Riverdale's established medical corridor with strong visibility and convenient I‑75 access.
- Features 6,583 SF on 0.935 acres with excellent parking ratios.
- Flexible floor plans can accommodate various professional uses.
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Under-served
Demand for This Use
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
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 - 6,583 SF office building in Riverdale's medical corridor.
Where is this medical office space located?
The property is located at 275 Professional Ct 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: Located in Riverdale's established medical corridor with **strong visibility** and convenient I‑75 access.; Features 6,583 SF on 0.935 acres with **excellent parking ratios**.; Flexible floor plans can accommodate various professional uses.
