Office Building Near Medical
For Sale
$1,500,000
35 McCurdy Rd, Villa Rica, GA 30180
Existing office facility on a sizable commercial parcel with paved parking and room for future expansion.
Property Size9,680 SF
Lot Size3.94 Acres
Price / SF$154.96
Days on Market42
Property Features for 35 McCurdy Rd
General Information
Standard status
Active
Size
9,680 SF
Total Parking Spaces
60
Lot size
3.94 Acres
Building Details
Year Built
1973
Buildings
1
Building Size
9,680 SF
Listing Agency:
Magnolia Realty Co.
(770) 371-9002
Listed By:
Amanda Craven
Source:
Jetsetrealty
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 4:55AM
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 Magnolia Realty Co.
Investment Insights
Based on property information with market context.
Located at 35 McCurdy Rd in Villa Rica, Georgia, this office property includes a 9,680-square-foot building constructed in 1973. The improvements are positioned on a 3.94-acre parcel, providing substantial land area alongside the existing structure. A paved parking lot with 60 spaces serves the property.
The site is directly across from Tanner Medical Center Villa Rica and next to Tanner Willowbrooke, placing the building within an established medical-campus setting. Its location and available land support continued office use, adaptive reuse, redevelopment, or potential expansion of the existing facilities. The property is identified for sale and may suit corporate, medical, or institutional operations seeking an existing building with additional site capacity.
The site is directly across from Tanner Medical Center Villa Rica and next to Tanner Willowbrooke, placing the building within an established medical-campus setting. Its location and available land support continued office use, adaptive reuse, redevelopment, or potential expansion of the existing facilities. The property is identified for sale and may suit corporate, medical, or institutional operations seeking an existing building with additional site capacity.
Key Highlights
- 9,680‑square‑foot office building constructed in 1973
- 3.94‑acre parcel with land available for expansion or redevelopment
- 60‑space paved parking lot
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
$129,626
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
8.64%
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%
$2,592,520
$2.6M
Cap Rate 7%
$1,851,800
$1.9M
Cap Rate 9%
$1,440,289
$1.4M
Market Conditions
NOI Build-Up for 9,680 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
$231.1K $23.87/SF
− Vacancy
−$58.2K −$6.02/SF
EGI
$172.8K $17.85/SF
− OpEx
−$43.2K −$4.46/SF
NOI
$129.6K $13.39/SF
Area
Carroll County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$2,592,520
Cap Rate 7%
$1,851,800
Cap Rate 9%
$1,440,289
Alternative Uses
Best Use
Healthcare Medical
$2.01M
$1.75M – $2.34M
NOI $140,350 @ 7.0% cap · market cap 9.36%
Second Best
Office B
$1.85M
$1.62M – $2.16M
NOI $129,626 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,415 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 30180, GA
39,398
Population
15,447
Households
2.6
Avg Household Size
38
Median Age
26%
College-Educated
89%
High-School Grad
77.4 sq mi
ZIP Area
509
Density / Sq Mi
$88,269
Median Household Income
$44,076
Median Earnings
$1,464
Median Rent
$257,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Existing office facility on a sizable commercial parcel with paved parking and room for future expansion.
Where is this office building located?
The property is located at 35 McCurdy Rd Villa Rica, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 9,680‑square‑foot office building constructed in 1973; 3.94‑acre parcel with land available for expansion or redevelopment; 60‑space paved parking lot
