DaVita Warner Robins For
For Sale
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509 N Houston Rd, Warner Robins, GA 31093
5,400 SF medical office space with lease extension.
Property Size5,400 SF
Price / SF$253.57
Days on Market183
Property Features for 509 N Houston Rd
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Office
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$95,850
Building Details
Year Built
1972
Year Renovated
2018
Buildings
1
Tenancy
Single
Listing Agency:
Sands Investment Group
Listed By:
Andrew Ackerman · License #GA 311619
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Jul 22 at 7:53AM
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 Sands Investment Group
Investment Insights
Based on property information with market context.
This 5,400 SF commercial property, currently occupied by DaVita, is located at 509 N Houston Road in Warner Robins, GA. The property is suitable for medical office space or general commercial real estate use. The tenant recently committed to a lease extension for a total of 6 years, expiring on 12/31/2031. This extension provides durable cash flow and enhanced lease security, positioning the asset as a stable investment opportunity.
Key Highlights
- DaVita tenant with lease extension through 12/31/2031.
- 6‑year lease extension provides durable cash flow.
- Enhanced lease security.
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
$63,680
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
4.65%
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%
$1,273,600
$1.3M
Cap Rate 7%
$909,714
$909.7K
Cap Rate 9%
$707,556
$707.6K
Market Conditions
NOI Build-Up for 5,400 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
$118.6K $21.96/SF
− Vacancy
−$12.5K −$2.31/SF
EGI
$106.1K $19.65/SF
− OpEx
−$42.5K −$7.86/SF
NOI
$63.7K $11.79/SF
Area
Houston County, GA
Vacancy
10.50%
Lease Rate
$21.96 /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%
$1,273,600
Cap Rate 7%
$909,714
Cap Rate 9%
$707,556
Alternative Uses
Best Use
Healthcare Medical
$909.7K
$796.0K – $1.06M
NOI $63,680 @ 7.0% cap · market cap 4.65%
Second Best
Office B
$808.4K
$707.4K – $943.2K
NOI $56,590 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,586 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31093, GA
28,614
Population
13,275
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
20.4 sq mi
ZIP Area
1,403
Density / Sq Mi
$48,186
Median Household Income
$32,542
Median Earnings
$966
Median Rent
$137,900
Median Home Value
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Animal Urgent Care — 2056 Watson Blvd, Warner Robins, GA 31093
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 5,400 SF medical office space with lease extension.
Where is this medical office space located?
The property is located at 509 N Houston Rd Warner Robins, GA.
What is the asking price?
The asking price for this property is $1,369,286.
What are key features of this property?
This property features: DaVita tenant with lease extension through 12/31/2031.; 6‑year lease extension provides durable cash flow.; Enhanced lease security.
