Medical Office and Business
For Sale
$925,000
7446 Covington Hwy, Lithonia, GA 30058
Standalone office building offering medical/dental-ready space with reception, private offices, and multiple conference rooms.
Property Size6,238 SF
Price / SF$148.28
Days on Market194
Property Features for 7446 Covington Hwy
General Information
Standard status
Active
Size
6,238 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Listing Agency:
Century 21 Connect Realty
Listed By:
QUINN GREEN
(770) 323-1010
Source:
Shortsaleatlanta
Added: Apr 11
Changed: Oct 7
Last Checked: Oct 7 at 1:33PM
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 Century 21 Connect Realty
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Investment Insights
Based on property information with market context.
This free-standing office building includes built-out space suitable for medical or dental use, as well as real estate services, with the option for other uses through retrofitting. The interior features an elegant reception area, numerous private offices, a kitchen and shower, multiple conference rooms, and ample storage and closet space, along with bathrooms to support daily operations.
The property includes both building and land and is described as being in a superb location just minutes to I-20 and I-285, supporting convenient regional access.
Overall, the layout is designed for a professional service environment, with multiple exam- or meeting-style rooms, office support space, and areas that can be reconfigured if a different operating plan is desired.
The property includes both building and land and is described as being in a superb location just minutes to I-20 and I-285, supporting convenient regional access.
Overall, the layout is designed for a professional service environment, with multiple exam- or meeting-style rooms, office support space, and areas that can be reconfigured if a different operating plan is desired.
Key Highlights
- Free‑standing building with business office space and land
- Currently built‑out for Medical/Dental use with an elegant reception area
- Includes numerous private offices, kitchen, and shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,533
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,670,660
$1.7M
Cap Rate 7%
$1,193,329
$1.2M
Cap Rate 9%
$928,144
$928.1K
Market Conditions
NOI Build-Up for 6,238 SF
Gross rent
$148.9K $23.87/SF
− Vacancy
−$37.5K −$6.02/SF
EGI
$111.4K $17.85/SF
− OpEx
−$27.8K −$4.46/SF
NOI
$83.5K $13.39/SF
Area
DeKalb 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%
$1,670,660
Cap Rate 7%
$1,193,329
Cap Rate 9%
$928,144
Alternative Uses
Best Use
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,445 @ 7.0% cap · market cap 9.78%
Second Best
Office B
$1.19M
$1.04M – $1.39M
NOI $83,533 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,063 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
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Business Placement
Demographics for 30058, GA
59,445
Population
23,671
Households
2.5
Avg Household Size
36
Median Age
30%
College-Educated
90%
High-School Grad
30.5 sq mi
ZIP Area
1,949
Density / Sq Mi
$62,633
Median Household Income
$36,992
Median Earnings
$1,478
Median Rent
$221,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - Standalone office building offering medical/dental-ready space with reception, private offices, and multiple conference rooms.
Where is this medical center located?
The property is located at 7446 Covington Hwy Lithonia, GA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Free‑standing building with business office space and land; Currently built‑out for Medical/Dental use with an elegant reception area; Includes numerous private offices, kitchen, and shower
