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    1002 Boulder Dr Gray, GA 31032

    For Sale
    $3,006,000

    High-Yield Medical Office Investment

    Property size:
    6,904 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 6,904 square foot medical office building presents a compelling investment opportunity in Gray, Georgia. Located at 1002 Boulder Dr, this property boasts a prime location on the bypass, conveniently situated across from Ingles grocery store and adjacent to Morris Bank, ensuring high visibility and accessibility. Built in 2006 and zoned C-3, the building is currently leased to US Renal Care, a prominent national healthcare provider with a significant patient base exceeding 26,000 across 33 states and over 400 facilities. US Renal Care has occupied the space since September 2006, demonstrating long-term stability and commitment, further solidified by a 5-year lease renewal exercised in November 2021. The property sits on a 0.94-acre lot and offers a strong net operating income (NOI) of $188,545, translating to an attractive 6.25% cap rate with built-in annual increases of 2.25%. This investment presents a rare opportunity to acquire a stable, high-performing medical office building with a strong tenant and significant upside potential. The asking price is $3,006,000. This property is an excellent addition to any diversified real estate portfolio.

    Property Features for 1002 Boulder Dr

    General Information

    Property type
    Medical offices
    Square Feet
    6,904 SF
    Lot Size
    40,946 SF

    Building Details

    Year Built
    2006

    HighLights

    • Strong, long‑term tenant, US Renal Care, in place since September 2006, with a recent 5‑year renewal.
    • Creditworthy tenant, US Renal Care, operating over 400 facilities nationwide.
    • Net Operating Income (NOI) of $188,545, representing a 6.25% cap rate with 2.25% annual rent increases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U.S. Renal Care Dialysis Center RAI CARE CENTER ... Dialysis Center Dr. Ihab Zaggout Nephrologist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gray
    County
    Jones
    State
    Georgia
    Longitude
    -83.5465348
    Latitude
    33.0020871

    Nearby Comparable

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    • Contact for pricing
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      Prime Gray, GA Commercial Land

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    FAQs

    What type of property is this?
    Medical office - High-Yield Medical Office Investment
    Where is this medical office located?
    The property is located at 1002 Boulder Dr Gray, GA.
    What is the asking price?
    The asking price for this property is $3,006,000.
    What are key features of this property?
    This property features: Strong, long-term tenant, US Renal Care, in place since September 2006, with a recent 5-year renewal.; Creditworthy tenant, US Renal Care, operating over 400 facilities nationwide.; Net Operating Income (NOI) of $188,545, representing a 6.25% cap rate with 2.25% annual rent increases.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1002 Boulder Dr Gray, GA 31032
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