Brick Medical Office
For Sale
$1,025,000
275 Professional Ct, Riverdale, GA 30274
Professional suites combine private rooms, shared work areas, conference space, and on-site parking.
Property Size6,583 SF
Lot Size0.94 Acres
Price / SF$155.70
Days on Market14
Property Features for 275 Professional Ct
General Information
Standard status
Active
Size
6,583 SF
Lot size
0.94 Acres
Additional Details
Highway Access
Yes
Building Details
Year Built
2001
Buildings
1
Building Size
6,583 SF
Construction
brick
Listing Agency:
NAI Elrod Group
(706) 553-1000
Listed By:
Brian Elrod · License ##251606
Source:
Jetsetrealty
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 29 at 3:53PM
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 6,583 SF medical office property occupies a 0.935-acre site in a brick building constructed in 2001. The interior includes enclosed offices, administrative areas with cubicle stations, conference space, kitchen and break areas, and storage. Multiple entrances serve the suites and support flexible circulation for occupants. The site includes parking, accessible entry points, and mature landscaping.
Positioned on Professional Court in Riverdale, the property is located within an established medical corridor in Clayton County. The setting provides visibility and convenient access to I-75, with retail, dining, and residential areas throughout the surrounding county. The existing configuration supports continued medical office occupancy, multi-specialty group use, or other professional office applications.
Positioned on Professional Court in Riverdale, the property is located within an established medical corridor in Clayton County. The setting provides visibility and convenient access to I-75, with retail, dining, and residential areas throughout the surrounding county. The existing configuration supports continued medical office occupancy, multi-specialty group use, or other professional office applications.
Key Highlights
- 6,583 SF medical office building on 0.935 acres
- Brick construction completed in 2001
- Multiple suite entrances with accessible entry points
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
Lease Details
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Allied Animal Healthcare — 6709 Powers St, Riverdale, GA 30274
- Riverdale Surgical Specialty — 6607 Powers St, Riverdale, GA 30274, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional suites combine private rooms, shared work areas, conference space, and on-site parking.
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: 6,583 SF medical office building on 0.935 acres; Brick construction completed in 2001; Multiple suite entrances with accessible entry points
