Turnkey Medical Office
6480 Milgen Road Columbus Columbus, GA 31907
6480 Milgen Road Columbus, Columbus, GA, 31907
$1,350,000
For Sale
$1,350,000
Fully renovated medical office building with flexible configurations for one user or two medical practices.
Property Size6,208 SF
Price / SF$217.46
Days on Market21
Property Features for 6480 Milgen Road Columbus
General Information
- Standard status
- Active
- Size
- 6,208 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2002
Listing agency
(706) 742-6127
Listed by
Felecia Saunders
(706) 742-6127
Source
Nhires
Added: Jul 1 Updated: Jul 20 at 6:10PM Checked: Jul 21 at 3:31AM
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 Felecia Saunders
Investment Insights
Based on property information with market context.
This fully renovated, turnkey medical office building was redeveloped from a former Synovus Bank branch and is designed for flexible use as either a single-user medical practice or two separate medical practices. Ownership will deliver the space turnkey, with the ability to customize the layout and finishes without the time and cost associated with ground-up construction.
The improvements include removal of the existing drive-thru and expanded parking intended to support patient flow. The property is marketed for healthcare use in the rapidly growing Midland (NE Columbus) area, with convenient access and visibility noted in the offering materials.
As a medical office conversion with updated interior readiness, the building is positioned to accommodate a range of operational configurations for medical tenants seeking an established, renovated facility.
The improvements include removal of the existing drive-thru and expanded parking intended to support patient flow. The property is marketed for healthcare use in the rapidly growing Midland (NE Columbus) area, with convenient access and visibility noted in the offering materials.
As a medical office conversion with updated interior readiness, the building is positioned to accommodate a range of operational configurations for medical tenants seeking an established, renovated facility.
Key Highlights
- Fully renovated medical office building redeveloped from a former Synovus Bank branch
- Flexible configuration for a single user or two medical practices
- Year built: 2002
Local 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 | $105.0k | $16.92 |
| − Vacancy | −$7.7k | −$1.24 |
| EGI | $97.4k | $15.68 |
| − OpEx | −$24.3k | −$3.92 |
| NOI | $73.0k | $11.76 |
6,208 SF · lease $16.92/SF/yr · vacancy 7.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.04M
$912.9K – $1.22M
NOI $73,029 @ 7.0% cap · market cap 5.41%
Second Best
Healthcare Medical
$1.04M
$911.6K – $1.22M
NOI $72,925 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,233 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Synovus Bank
Bank
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- Vet Vaccinations Clinic at Tractor Supply Co. — 6713 Flat Rock Rd, Midland, GA 31820
FAQs
What type of property is this?
Medical Office Space - Fully renovated medical office building with flexible configurations for one user or two medical practices.
Where is this medical office space located?
The property is located at 6480 Milgen Road Columbus Columbus, GA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully renovated medical office building redeveloped from a former Synovus Bank branch; Flexible configuration for a single user or two medical practices; Year built: 2002
