Medical Office with NNN
For Sale
Contact for pricing
707 North Houston Road, Warner Robins, GA 31093
Hospital-adjacent medical office leased to a national primary care operator under an NNN structure.
Property Size3,956 SF
Price / SF$262.50
Days on Market119
Property Features for 707 North Houston Road
General Information
Standard status
Active
Size
3,956 SF
Class
B
Property subtype
Office, Mixed Use
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$83,076
Additional Details
Cap Rate
8%
Building Details
Year Built
1976
Buildings
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Ryan Burke · License #412701
Source:
Crexi
Added: May 5
Changed: Aug 29
Last Checked: Aug 29 at 7:42PM
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 Matthews
Investment Insights
Based on property information with market context.
This medical office property contains 3,956 square feet and was built in 1976. The facility is occupied by a national primary care tenant operating under an NNN lease structure, with the operator described as private-equity backed and responsible for more than 450 units.
The property is located at 707 North Houston Road in Warner Robins, Georgia, adjacent to a hospital. The offering reflects an 8% cap rate and combines an established medical-use tenancy with a net lease format.
The property is located at 707 North Houston Road in Warner Robins, Georgia, adjacent to a hospital. The offering reflects an 8% cap rate and combines an established medical-use tenancy with a net lease format.
Key Highlights
- 3,956‑square‑foot medical office property
- NNN lease structure with a national primary care tenant
- 8% cap rate
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
$46,651
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
4.49%
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%
$933,020
$933.0K
Cap Rate 7%
$666,443
$666.4K
Cap Rate 9%
$518,344
$518.3K
Market Conditions
NOI Build-Up for 3,956 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
$86.9K $21.96/SF
− Vacancy
−$9.1K −$2.31/SF
EGI
$77.8K $19.65/SF
− OpEx
−$31.1K −$7.86/SF
NOI
$46.7K $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%
$933,020
Cap Rate 7%
$666,443
Cap Rate 9%
$518,344
Alternative Uses
Best Use
Healthcare Medical
$666.4K
$583.1K – $777.5K
NOI $46,651 @ 7.0% cap · market cap 4.49%
Second Best
Office B
$592.2K
$518.2K – $691.0K
NOI $41,457 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$853.8K
$747.1K – $996.2K
NOI $59,769 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Under-served
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Hospital-adjacent medical office leased to a national primary care operator under an NNN structure.
Where is this medical office space located?
The property is located at 707 North Houston Road Warner Robins, GA.
What is the asking price?
The asking price for this property is $1,038,450.
What are key features of this property?
This property features: 3,956‑square‑foot medical office property; NNN lease structure with a national primary care tenant; 8% cap rate
