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    Medical Office Building with Exam Rooms Title is generated by Realmo AI

    440 Hillcrest, Commerce, GA 30529

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    For Lease
    $5,400/Mo $13 SF/Yr (calc)

    COMMERCIAL - Commerce, GA

    Property size:
    4,658 SF
    Lot size:
    0.83 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    142
    Last Refresh:
    Jun 5 at 3:06 pm

    Property Features for 440 Hillcrest

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    37
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    C09 018
    Size
    4,658 SF
    Lot size
    0.83 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1986
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Brittany Purcell & Associates

    Listing agent Brittany Purcell & Associates

    Listing office Keller Williams Greater Athens 1361 Jennings Mill Rd, Ste 101, Watkinsville, GA

    Listing date Jan 14, 2026

    MLS# 10779624

    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.

    HighLights

    • 4,658 SF standalone brick medical/commercial building on a private 0.83‑acre lot
    • Designed for medical use with 10 exam rooms, 6 private offices, 3 restrooms, a large lobby, and workroom plus storage/utility rooms
    • Can be reconfigured into 2–3 separate spaces using a 550 SF lobby with floor‑to‑ceiling windows
    • C‑1 zoning allows for multiple commercial uses; suitable for medical or high‑end office use
    • 30+ parking spaces with parking lot; electric central HVAC and central air
    • Built in 1986; renovated in 2026; public water and public sewer; available now with $14/SF triple net terms

    Overview

    440 Hillcrest is a standalone medical office building available for lease, built in 1986 and renovated in 2026. The property sits on a private 0.83-acre lot with 30+ parking spaces. Inside, the layout features a large lobby with floor-to-ceiling windows, a spacious workroom, and multiple storage and utility rooms. The current configuration has 10 exam rooms, six private offices, and three restrooms located in convenient areas. The space was previously used by a single user, but the landlord indicates it can be converted into approximately 2-3 separate spaces, using the 550 sq ft lobby as a central component.

    The building is located in Commerce, Georgia, and is zoned C-1, which allows for multiple commercial uses. The private setting and parking supply support day-to-day patient and staff access, making the property workable for medical services and flexible office applications.

    Designed for medical use, the building can also be repurposed for high-end office, medical office, and other C-1 permitted activities. The landlord is open to a tenant improvement allowance, build-to-suit, or a competitive lease rate for tenants who plan to perform their own buildout. The space is available now under triple net terms and is intended to support an operator looking for a ready medical environment with the option to reconfigure for multiple suites.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Dolly Nash — 91 Northwood Dr, Commerce, GA 30529

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Banks
    State
    Georgia
    Longitude
    -83.4423378
    Latitude
    34.1975117

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    FAQs

    What type of property is this?
    Medical Office Space - Standalone medical office with 10 exam rooms, multiple offices, and ample parking on a private lot.
    Where is this medical office space located?
    The property is located at 440 Hillcrest Commerce, GA.
    What is the lease rate?
    The lease rate is $5,400 /Mo.
    What are key features of this property?
    This property features: 4,658 SF standalone brick medical/commercial building on a private 0.83‑acre lot; Designed for medical use with 10 exam rooms, 6 private offices, 3 restrooms, a large lobby, and workroom plus storage/utility rooms; Can be reconfigured into 2–3 separate spaces using a 550 SF lobby with floor‑to‑ceiling windows
    (706) 389-0771
    We can help!
    Listing Contact
    Brittany Purcell & Associates
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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