348 Oak St, Athens, GA 30601

Building Details

Year Built 1985 More

Buildings 2 More

Listing Agency: Huff Realty LLC

Listed By: Shawna Huff · License #338116 Show Phone

Source: Wadehouse

Added: Sep 20 Changed: Oct 25 Last Checked: Oct 7 at 1:23PM

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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

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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.

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 / Yr

$42,509

Cap Rate

3.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$850,180 $850.2K

Cap Rate 7%

$607,271 $607.3K

Cap Rate 9%

$472,322 $472.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,280 SF

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 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 (±1% cap)

NOI $42,509 @ 7.0% cap · market cap 3.54%

Second Best

Office B

$606.5K

$530.7K – $707.6K (±1% cap)

NOI $42,456 @ 7.0% cap · market cap 3.54%

Theoretical Best

Office A

$790.7K

$691.9K – $922.5K (±1% cap)

NOI $55,350 @ 7.0% cap · market cap 4.61%

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

East Athens Family ... Dental Office Dr. Claude T. ... Dental Office Moore Jennifer Dental Office

Suggested Use

Top Pick Dental Office Auto Parts Store Kitchen & Bath Showroom Skin Care Clinic Storage Facility Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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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