Turnkey Medical Office
For Sale
$1,350,000
6480 Milgen Road Columbus, Columbus, GA 31907
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 Market113
Property Features for 6480 Milgen Road Columbus
General Information
Standard status
Active
Size
6,208 SF
Property subtype
Commercial
Zoning
GC
Amenities
Public Records
Building Details
Building Size
6,208 SF
Year Built
2002
Buildings
1
Units
1
Listed By:
Felecia Saunders
(706) 742-6127
Source:
Nhires
Added: Jul 1
Changed: Oct 10
Last Checked: Oct 7 at 9:43AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,029
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,460,580
$1.5M
Cap Rate 7%
$1,043,271
$1.0M
Cap Rate 9%
$811,433
$811.4K
Market Conditions
NOI Build-Up for 6,208 SF
Gross rent
$105.0K $16.92/SF
− Vacancy
−$7.7K −$1.24/SF
EGI
$97.4K $15.68/SF
− OpEx
−$24.3K −$3.92/SF
NOI
$73.0K $11.76/SF
Area
Columbus, GA
Vacancy
7.30%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,460,580
Cap Rate 7%
$1,043,271
Cap Rate 9%
$811,433
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 31907, GA
60,557
Population
25,710
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
91%
High-School Grad
23.8 sq mi
ZIP Area
2,544
Density / Sq Mi
$52,620
Median Household Income
$33,726
Median Earnings
$1,103
Median Rent
$142,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Vet Vaccinations Clinic at Tractor Supply Co. — 6713 Flat Rock Rd, Midland, GA 31820
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- Midland Animal Hospital — 6720 Flat Rock Rd Suite E, Midland, GA 31820
Frequently Asked Questions
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
