Medical Office with Covered
For Sale
$939,000
309 Vernon Street, Lagrange, GA 30240
Commercial Sale, Lagrange, GA
Property Size2,237 SF
Lot Size0.97 Acres
Price / SF$419.76
Days on Market40
Property Features for 309 Vernon Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City Lot
Directions
Downtown Lagrange
Standard status
Active
APN
0614A022017
Size
2,237 SF
Lot size
0.97 Acres
Additional Details
Currently Operating
Yes
Property Use
Medical Office
Taxes and HOA fees
Tax Year
2026
Amenities
front porch
wheelchair-accessible ramp
Building Details
Year built
2005
Listing Agency:
Coldwell Banker Kennon & Parker · Coldwell Banker Real Estate
(706) 845-7000
Listed By:
Rob Upchurch · License #202341
(706) 523-0014
Added: Sep 25
Changed: Nov 2
Last Checked: Nov 3 at 8:06AM
MLS# 10883029
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured as a medical office, the 2,237-square-foot property has multiple offices and dates to 2005. Site features include an attached parking area, covered carport parking at the rear, a front porch, and a wheelchair-accessible ramp. Direct entry is available from the road.
Key Highlights
- 2,237‑square‑foot medical office with multiple offices
- Built in 2005
- Attached parking area and covered carport parking at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,278
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,560
$525.6K
Cap Rate 7%
$375,400
$375.4K
Cap Rate 9%
$291,978
$292.0K
Market Conditions
NOI Build-Up for 2,237 SF
Gross rent
$47.2K $21.12/SF
− Vacancy
−$3.4K −$1.54/SF
EGI
$43.8K $19.58/SF
− OpEx
−$17.5K −$7.83/SF
NOI
$26.3K $11.75/SF
Area
Troup County, GA
Vacancy
7.30%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,560
Cap Rate 7%
$375,400
Cap Rate 9%
$291,978
Alternative Uses
Best Use
Healthcare Medical
$375.4K
$328.5K – $438.0K
NOI $26,278 @ 7.0% cap · market cap 2.80%
Second Best
Office B
$373.7K
$327.0K – $436.0K
NOI $26,159 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$500.5K
$438.0K – $584.0K
NOI $35,037 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
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
Similar Off Market Nearby
- Animal Health Clinic — 311 Old Morgan St, LaGrange, GA 30241
Frequently Asked Questions
What type of property is this?
Medical Office Space - The existing layout includes multiple offices, a front porch, and an accessible ramp.
Where is this medical office space located?
The property is located at 309 Vernon Street Lagrange, GA.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: 2,237‑square‑foot medical office with multiple offices; Built in 2005; Attached parking area and covered carport parking at the rear
