Grovetown Medical Office For
For Sale
Contact for pricing
442 Park West Dr, Grovetown, GA
Medical office building with a new long-term lease.
Property Size4,024 SF
Lot Size0.46 Acres
Price / SF$211.23
Days on Market965
Property Features for 442 Park West Dr
General Information
Standard status
Active
Size
4,024 SF
Lot size
0.46 Acres
Property subtype
OFFICE
Listing Agency:
Sherman & Hemstreet - Augusta
(706) 722-8334
Listed By:
Joe Edge · License #282262
Source:
Moodyscre
Added: Dec 9, 2023
Changed: Jul 10
Last Checked: Jul 22 at 4:04AM
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 Sherman & Hemstreet - Augusta
Investment Insights
Based on property information with market context.
This 4,024 square foot property is located in Grovetown, GA. The building is currently configured with a large open room and offices situated around the exterior walls. It is currently leased to a pharmaceutical laboratory with a new five-year lease and three five-year renewal options. The tenant is currently renovating the interior and making improvements to the property as part of their tenancy. The roof is new. Previously, the building was used as a dialysis center. This property offers income potential with limited landlord responsibilities.
Key Highlights
- Brand new 5‑year lease with three 5‑year renewal options provides long‑term income potential.
- Excellent credit Pharmaceutical Laboratory tenant ensures reliable rental payments.
- Limited landlord responsibilities offer a passive income investment.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.6k | $24.00 |
| − Vacancy | −$14.5k | −$3.60 |
| EGI | $82.1k | $20.40 |
| − OpEx | −$20.5k | −$5.10 |
| NOI | $61.6k | $15.30 |
4,024 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$879.5K
$769.6K – $1.03M
NOI $61,567 @ 7.0% cap · market cap 7.24%
Second Best
Healthcare Medical
$837.7K
$733.0K – $977.4K
NOI $58,641 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,909 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building with a new long-term lease.
Where is this medical office space located?
The property is located at 442 Park West Dr Grovetown, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Brand new 5‑year lease with three 5‑year renewal options provides long‑term income potential.; Excellent credit Pharmaceutical Laboratory tenant ensures reliable rental payments.; Limited landlord responsibilities offer a passive income investment.
