Brick Medical Office with Covered
For Sale
$350,000
293 N Broad Street, Winder, GA 30680
Commercial Sale, Winder, GA
Property Size1,619 SF
Lot Size0.41 Acres
Price / SF$216.18
Days on Market182
Property Features for 293 N Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Security features
Security
Lot features
Corner Lot, Level
Directions
I-85 N to exit #129 (Braselton/Hwy 53). Turn rt on Hwy 53 and go approx. 11 miles to N. Broad St. Office is just past NE GA Hospital on the left.
Standard status
Active
APN
WN19 094
Size
1,619 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
3223
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Natural Gas
Cooling system
Central Air, Gas (Cooling), Electric
Water source
Public
Amenities
covered parking
storage building
large brick pedestal signage
Building Details
Year built
1950
Flooring type
Carpet, Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Select Brokers of Jackson Cnty
(706) 654-5687
Listed By:
Lynn Vaughn
(770) 652-6229
Added: Feb 23
Changed: Aug 24
Last Checked: Aug 24 at 6:06PM
MLS# 10697047
Copyright © 2026 Georgia Multiple Listing Service. 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 1,619-square-foot medical office building dates to 1950 and is constructed with brick on all four sides. Recent interior updates include new paint along with carpet and vinyl flooring. The property includes a backyard storage building, a customer parking lot, and covered parking for 2 automobiles. Heating is provided by a heat pump and natural gas, while cooling includes central air, gas, and electric systems.
The office is positioned on heavily traveled Hwy 11, within 200 yards of a hospital and a few blocks from downtown Winder. Access is available to Hwy 29, Hwy 211, and Hwy 53. Public water and public sewer serve the property, and water is available. An adjoining lot zoned B-1 for commercial or residential building is also available.
The office is positioned on heavily traveled Hwy 11, within 200 yards of a hospital and a few blocks from downtown Winder. Access is available to Hwy 29, Hwy 211, and Hwy 53. Public water and public sewer serve the property, and water is available. An adjoining lot zoned B-1 for commercial or residential building is also available.
Key Highlights
- 1,619‑square‑foot medical office building
- Four‑sided brick construction completed in 1950
- New interior paint with carpet and vinyl flooring
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
$23,474
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
6.71%
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%
$469,480
$469.5K
Cap Rate 7%
$335,343
$335.3K
Cap Rate 9%
$260,822
$260.8K
Market Conditions
NOI Build-Up for 1,619 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
$43.7K $27.00/SF
− Vacancy
−$4.6K −$2.84/SF
EGI
$39.1K $24.17/SF
− OpEx
−$15.6K −$9.67/SF
NOI
$23.5K $14.50/SF
Area
Barrow 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%
$469,480
Cap Rate 7%
$335,343
Cap Rate 9%
$260,822
Alternative Uses
Best Use
Healthcare Medical
$335.3K
$293.4K – $391.2K
NOI $23,474 @ 7.0% cap · market cap 6.71%
Second Best
Office B
$309.7K
$271.0K – $361.3K
NOI $21,680 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$452.6K
$396.0K – $528.0K
NOI $31,680 @ 7.0% cap · market cap 9.05%
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
475
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30680, GA
46,629
Population
17,680
Households
2.6
Avg Household Size
36
Median Age
21%
College-Educated
87%
High-School Grad
94.9 sq mi
ZIP Area
491
Density / Sq Mi
$77,038
Median Household Income
$41,669
Median Earnings
$1,169
Median Rent
$244,700
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 - Move-in-ready medical office with refreshed interior finishes, customer parking, and a detached storage building.
Where is this medical office space located?
The property is located at 293 N Broad Street Winder, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,619‑square‑foot medical office building; Four‑sided brick construction completed in 1950; New interior paint with carpet and vinyl flooring
