Medical Office and Daycare
For Sale
$749,900
6200 Old National Hwy, Atlanta, GA 30349
Standalone building previously used for medical offices and a daycare, offering flexible workspace for sale.
Property Size2,216 SF
Price / SF$338.40
Days on Market36
Property Features for 6200 Old National Hwy
General Information
Standard status
Active
Size
2,216 SF
Listing Agency:
CHELLE Realty, LLC
(478) 595-2501
Listed By:
Michelle Baird · License #387910
(478) 595-2501
Source:
Exprealty
Added: Jul 8
Changed: Jul 28
Last Checked: Aug 12 at 10:56AM
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 CHELLE Realty, LLC
Investment Insights
Based on property information with market context.
This 2,216 sq. ft. building was originally residential and has also served as a doctor’s office, chiropractor clinic, and most recently a daycare. The property offers an existing interior layout that has supported multiple service and care uses over time, making it well-suited for an office or similar operational need. It is also being marketed for lease.
The building is located at 6200 Old National Hwy and is described as being directly across the street from major retailers, with convenient access to the airport just minutes away. For planning purposes, it benefits from a commercial setting with nearby established retail activity.
If you’re looking for a property with a proven track record of professional and care-oriented occupancy, this building provides a single facility with a history of adaptable use.
The building is located at 6200 Old National Hwy and is described as being directly across the street from major retailers, with convenient access to the airport just minutes away. For planning purposes, it benefits from a commercial setting with nearby established retail activity.
If you’re looking for a property with a proven track record of professional and care-oriented occupancy, this building provides a single facility with a history of adaptable use.
Key Highlights
- Standalone 2,216 SF building previously used as a medical office, chiropractor clinic, and daycare
- Flexible commercial space with prior office and daycare uses
- Located directly across the street from major retailers
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
$32,293
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
4.31%
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%
$645,860
$645.9K
Cap Rate 7%
$461,329
$461.3K
Cap Rate 9%
$358,811
$358.8K
Market Conditions
NOI Build-Up for 2,216 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
$58.5K $26.40/SF
− Vacancy
−$4.7K −$2.11/SF
EGI
$53.8K $24.29/SF
− OpEx
−$21.5K −$9.72/SF
NOI
$32.3K $14.57/SF
Area
ZIP 30349
Vacancy
8.00%
Lease Rate
$26.40 /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%
$645,860
Cap Rate 7%
$461,329
Cap Rate 9%
$358,811
Alternative Uses
Best Use
Healthcare Medical
$461.3K
$403.7K – $538.2K
NOI $32,293 @ 7.0% cap · market cap 4.31%
Second Best
Office B
$424.1K
$371.1K – $494.8K
NOI $29,687 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$622.3K
$544.5K – $726.0K
NOI $43,558 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30349, GA
81,320
Population
34,176
Households
2.4
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
45.9 sq mi
ZIP Area
1,772
Density / Sq Mi
$64,732
Median Household Income
$39,195
Median Earnings
$1,323
Median Rent
$236,800
Median Home Value
Market
Vacancy Rate% for Office in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Standalone building previously used for medical offices and a daycare, offering flexible workspace for sale.
Where is this medical office space located?
The property is located at 6200 Old National Hwy Atlanta, GA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Standalone 2,216 SF building previously used as a medical office, chiropractor clinic, and daycare; Flexible commercial space with prior office and daycare uses; Located directly across the street from major retailers
