Single-Tenant Medical Office
For Sale
Contact for pricing
6612 Exchange Place, Morrow, GA 30260
Medical office building leased to Southern Smiles Dental Associates with close access to I-75 via Exit 233.
Property Size6,557 SF
Lot Size1.08 Acres
Price / SF$150.22
Days on Market107
Property Features for 6612 Exchange Place
General Information
Standard status
Active
Size
6,557 SF
Class
B
Total Parking Spaces
50
Lot size
1.08 Acres
Property subtype
Office
Zoning
General Business District
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Sale/Leaseback
Net Operating Income
$81,200
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Buildings
1
Tenancy
Single
Listing Agency:
Hailey Realty Company
Listed By:
Tommy Watkins · License #GA 346016
(678) 904-6803
Source:
Crexi
Added: Jul 8
Changed: Oct 15
Last Checked: Oct 20 at 5:33PM
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 Hailey Realty Company
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Investment Insights
Based on property information with market context.
This single-tenant medical office building is leased to Southern Smiles Dental Associates, LLC, which has operated at the property for over 30 years. The property includes approximately 6,557 square feet on 1.08 acres and is configured as a dedicated medical office facility.
The building is located at 6612 Exchange Place in Morrow, Georgia, with very close access to I-75 at Exit 233 (Jonesboro Rd), supporting convenient regional connectivity.
It is being offered for sale as a leased medical office asset with long-term tenant continuity.
The building is located at 6612 Exchange Place in Morrow, Georgia, with very close access to I-75 at Exit 233 (Jonesboro Rd), supporting convenient regional connectivity.
It is being offered for sale as a leased medical office asset with long-term tenant continuity.
Key Highlights
- Single‑tenant medical office building leased to Southern Smiles Dental Associates, LLC
- ±6,557 SF medical office on 1.08 acres
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,805
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,756,100
$1.8M
Cap Rate 7%
$1,254,357
$1.3M
Cap Rate 9%
$975,611
$975.6K
Market Conditions
NOI Build-Up for 6,557 SF
Gross rent
$156.5K $23.87/SF
− Vacancy
−$39.4K −$6.02/SF
EGI
$117.1K $17.85/SF
− OpEx
−$29.3K −$4.46/SF
NOI
$87.8K $13.39/SF
Area
Clayton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,756,100
Cap Rate 7%
$1,254,357
Cap Rate 9%
$975,611
Alternative Uses
Best Use
Healthcare Medical
$1.36M
$1.19M – $1.58M
NOI $95,070 @ 7.0% cap · market cap 9.65%
Second Best
Office B
$1.25M
$1.10M – $1.46M
NOI $87,805 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,305 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30260, GA
27,864
Population
9,858
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
78%
High-School Grad
10.9 sq mi
ZIP Area
2,556
Density / Sq Mi
$55,212
Median Household Income
$34,692
Median Earnings
$1,391
Median Rent
$189,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Morrow Animal Hospital — 6326 S Lee St, Morrow, GA 30260
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building leased to Southern Smiles Dental Associates with close access to I-75 via Exit 233.
Where is this medical office space located?
The property is located at 6612 Exchange Place Morrow, GA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Single‑tenant medical office building leased to Southern Smiles Dental Associates, LLC; ±6,557 SF medical office on 1.08 acres; Built in 1980
