Medical Office Property with Dental
New
For Sale
$1,200,000
348 Oak St, Athens, GA 30601
Two-building medical office property with an operating dental office and dental laboratory.
Property Size3,280 SF
Lot Size0.63 Acres
Price / SF$365.85
Days on Market2
Property Features for 348 Oak St
General Information
Standard status
Active
Size
3,280 SF
Lot size
0.63 Acres
Building Details
Year Built
1985
Buildings
2
Listing Agency:
Huff Realty LLC
Listed By:
Shawna Huff · License #338116
(770) 765-3842
Source:
Wadehouse
Added: Sep 20
Last Checked: Sep 20 at 2:27PM
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 Huff Realty LLC
Investment Insights
Based on property information with market context.
Located at 348 Oak St in Athens, GA, this medical office property includes two separate buildings on approximately +/- 0.63 acre. The larger structure contains +/- 3280 sq.ft. and is currently configured as a dental office. A second building at 342 Oak St provides +/- 1190 sq. ft. of dental laboratory space and is occupied by a long-term tenant.
The property is less than a mile from The Arch at UGA, Aikens Ford Arena, The Classic Center, and downtown Athens. Both buildings were constructed in 1985, creating a two-structure medical office offering with established dental-related uses and a location near major Athens destinations.
The property is less than a mile from The Arch at UGA, Aikens Ford Arena, The Classic Center, and downtown Athens. Both buildings were constructed in 1985, creating a two-structure medical office offering with established dental-related uses and a location near major Athens destinations.
Key Highlights
- Two‑building medical office property on +/- 0.63 acre
- +/- 3280 sq.ft. dental office building
- 342 Oak St building includes +/- 1190 sq. ft. of dental laboratory space
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
$42,509
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
3.54%
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%
$850,180
$850.2K
Cap Rate 7%
$607,271
$607.3K
Cap Rate 9%
$472,322
$472.3K
Market Conditions
NOI Build-Up for 3,280 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
$78.7K $24.00/SF
− Vacancy
−$7.9K −$2.40/SF
EGI
$70.8K $21.60/SF
− OpEx
−$28.3K −$8.64/SF
NOI
$42.5K $12.96/SF
Area
Athens, GA
Vacancy
10.00%
Lease Rate
$24.00 /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%
$850,180
Cap Rate 7%
$607,271
Cap Rate 9%
$472,322
Alternative Uses
Best Use
Healthcare Medical
$607.3K
$531.4K – $708.5K
NOI $42,509 @ 7.0% cap · market cap 3.54%
Second Best
Office B
$606.5K
$530.7K – $707.6K
NOI $42,456 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$790.7K
$691.9K – $922.5K
NOI $55,350 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,354
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30601, GA
25,036
Population
11,634
Households
2.2
Avg Household Size
28
Median Age
37%
College-Educated
84%
High-School Grad
23.4 sq mi
ZIP Area
1,070
Density / Sq Mi
$37,357
Median Household Income
$24,639
Median Earnings
$1,198
Median Rent
$213,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Brown Scott a DVM — 501 D. W. Brooks Drive, Athens, GA 30602, United States
- UGA College of Veterinary Medicine Public Relations Office — 501 D. W. Brooks Drive, Athens, GA 30602
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-building medical office property with an operating dental office and dental laboratory.
Where is this medical office space located?
The property is located at 348 Oak St Athens, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑building medical office property on +/- 0.63 acre; +/- 3280 sq.ft. dental office building; 342 Oak St building includes +/- 1190 sq. ft. of dental laboratory space
