Turnkey Medical and Office
808 Commerce Blvd Riverdale, GA 30296
For Sale
Contact for pricing
Turnkey medical office with additional smaller office spaces.
Property Size2,200 SF
Price / SF$181.82
Days on Market758
Property Features for 808 Commerce Blvd
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Office
Listing Agency:
Michael Bailey Commercial Realty
(478) 262-5859
Listed By:
Michael Bailey · License #GA H79944
Source:
Crexi
Added: Jun 27, 2024
Changed: Jul 6
Last Checked: Jul 23 at 4:10PM
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 Michael Bailey Commercial Realty
Investment Insights
Based on property information with market context.
This commercial property features a downstairs area configured as a turnkey 2,200-square-foot doctor's office. The upstairs area is divided into three to four smaller office spaces, offering flexibility for various professional uses.
Key Highlights
- Turnkey 2,200 ft. doctors office downstairs
- Upstairs divided into 3‑4 smaller offices
Financial Insights For Healthcare Medical
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 | $59.4k | $27.00 |
| − Vacancy | −$6.2k | −$2.84 |
| EGI | $53.2k | $24.17 |
| − OpEx | −$21.3k | −$9.67 |
| NOI | $31.9k | $14.50 |
2,200 SF · lease $27.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$455.7K
$398.7K – $531.6K
NOI $31,898 @ 7.0% cap · market cap 7.97%
Second Best
Office B
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$615.0K
$538.1K – $717.5K
NOI $43,049 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tri-County Pediatrics
Hospital
Optima Physical Therapy ...
Physician
Ganiyu A. Bello, PT
Physician
Dr. Angela P. ...
Pediatrician
Dr. Purna Chadalawada ...
Pediatrician
FAQs
What type of property is this?
Medical Office Space - Turnkey medical office with additional smaller office spaces.
Where is this medical office space located?
The property is located at 808 Commerce Blvd Riverdale, GA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Turnkey 2,200 ft. doctors office downstairs; Upstairs divided into 3‑4 smaller offices
