Built-Out Medical Office
For Sale
$1,025,000
3375 Memorial Dr, Decatur, GA 30032
Clinical layout includes imaging, reception, patient areas, and administrative offices for healthcare operations.
Property Size4,432 SF
Price / SF$231.27
Days on Market49
Property Features for 3375 Memorial Dr
General Information
Standard status
Active
Size
4,432 SF
Class
A
Total Parking Spaces
33
Property subtype
Office
Zoning
C-1
Building Details
Building Size
4,432 SF
Listing Agency:
Bull Realty
Listed By:
Jake Strange · License #GA #439191
(404) 876-1640
Source:
Bullrealty
Added: Aug 28
Changed: Oct 10
Last Checked: Oct 14 at 8:28PM
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 Bull Realty
Investment Insights
Based on property information with market context.
This 4,432 SF medical office at 3375 Memorial Dr in Decatur, GA, is configured as a complete clinical facility. The layout includes 8 exam or patient rooms, a dedicated X-ray suite with adjacent waiting area, reception, a business office, nurses station, lab and nursing area, patient waiting room, staff lounge and conference room, medical director’s office, and private physician’s office.
Existing imaging infrastructure and 33 on-site parking spaces support patient, staff, and visitor access. The property is zoned C-1 and includes a medical build-out completed in 2014, allowing a healthcare user to occupy an established clinical configuration without creating a new interior layout.
Existing imaging infrastructure and 33 on-site parking spaces support patient, staff, and visitor access. The property is zoned C-1 and includes a medical build-out completed in 2014, allowing a healthcare user to occupy an established clinical configuration without creating a new interior layout.
Key Highlights
- 4,432 SF medical office with a complete clinical configuration
- 8 exam or patient rooms
- Dedicated X‑ray suite with adjoining waiting area and existing imaging infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,260
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,285,200
$1.3M
Cap Rate 7%
$918,000
$918.0K
Cap Rate 9%
$714,000
$714.0K
Market Conditions
NOI Build-Up for 4,432 SF
Gross rent
$119.7K $27.00/SF
− Vacancy
−$12.6K −$2.84/SF
EGI
$107.1K $24.17/SF
− OpEx
−$42.8K −$9.67/SF
NOI
$64.3K $14.50/SF
Area
DeKalb 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 Rate 5%
$1,285,200
Cap Rate 7%
$918,000
Cap Rate 9%
$714,000
Alternative Uses
Best Use
Healthcare Medical
$918.0K
$803.3K – $1.07M
NOI $64,260 @ 7.0% cap · market cap 6.27%
Second Best
Office B
$847.8K
$741.9K – $989.2K
NOI $59,349 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,724 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30032, GA
44,697
Population
20,676
Households
2.2
Avg Household Size
38
Median Age
30%
College-Educated
91%
High-School Grad
13.6 sq mi
ZIP Area
3,287
Density / Sq Mi
$61,292
Median Household Income
$37,443
Median Earnings
$1,364
Median Rent
$245,000
Median Home Value
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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?
Medical Office Space - Clinical layout includes imaging, reception, patient areas, and administrative offices for healthcare operations.
Where is this medical office space located?
The property is located at 3375 Memorial Dr Decatur, 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: 4,432 SF medical office with a complete clinical configuration; 8 exam or patient rooms; Dedicated X‑ray suite with adjoining waiting area and existing imaging infrastructure
