Medical Office Facility For
For Sale
Contact for pricing
120 Trinity Pl, Athens, GA 30607
14,633 SF medical office near hospitals in Athens, GA.
Property Size14,633 SF
Lot Size1.05 Acres
Price / SF$287.02
Days on Market897
Property Features for 120 Trinity Pl
General Information
Standard status
Active
Size
14,633 SF
Class
A
Lot size
1.05 Acres
Property subtype
Office
Zoning
C-O
Investment Type
Owner/User
Building Details
Year Built
1989
Year Renovated
1996
Buildings
1
Stories
3
Listing Agency:
Atlas Real Estate Advisors
Listed By:
Chris Blackmon · License #GA 218395
Source:
Crexi
Added: Mar 18, 2024
Changed: Aug 22
Last Checked: Aug 31 at 5:35AM
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 Atlas Real Estate Advisors
Investment Insights
Based on property information with market context.
The property at 120 Trinity Place is a 14,633 square foot medical office facility situated on 1.05 acres. It is located just off Jefferson Road, minutes from area hospitals in Athens, Georgia. The main floor comprises 8,570 square feet of traditional medical office space, configured to optimize patient flow. The second floor, spanning 3,803 square feet, was designed for staff and administrative use, featuring workstations, a conference room, a kitchen/lounge, as well as two additional rooms and a restroom. The lower level, encompassing 2,260 square feet, previously operated as an ambulatory surgery center for the practice upstairs. This level is accessible via separate entrances at the rear of the building, situated under a covered receiving area. It is suitable for physical and radiation therapies, allied health and rehabilitative procedures, and cosmetic procedures. The building includes one elevator and two staircases. The walls surrounding the four X-ray/MRI rooms are lead-lined and have lead-lined solid wood doors. The building is also available for lease.
Key Highlights
- 14,633 SF medical office facility on 1.05 acres near Athens, GA hospitals.
- Main floor (8,570 SF) designed for optimal patient flow.
- Lower level (2,260 SF) previously used as an ambulatory surgery center with separate entrances.
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
$189,644
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
4.52%
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%
$3,792,880
$3.8M
Cap Rate 7%
$2,709,200
$2.7M
Cap Rate 9%
$2,107,156
$2.1M
Market Conditions
NOI Build-Up for 14,633 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
$351.2K $24.00/SF
− Vacancy
−$35.1K −$2.40/SF
EGI
$316.1K $21.60/SF
− OpEx
−$126.4K −$8.64/SF
NOI
$189.6K $12.96/SF
Area
Athens, GA
Vacancy
10.00%
Lease Rate
$24.00 /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%
$3,792,880
Cap Rate 7%
$2,709,200
Cap Rate 9%
$2,107,156
Alternative Uses
Best Use
Healthcare Medical
$2.71M
$2.37M – $3.16M
NOI $189,644 @ 7.0% cap · market cap 4.52%
Second Best
Office B
$2.71M
$2.37M – $3.16M
NOI $189,407 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $246,930 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30607, GA
11,383
Population
4,504
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
37.2 sq mi
ZIP Area
306
Density / Sq Mi
$63,727
Median Household Income
$35,972
Median Earnings
$1,012
Median Rent
$235,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dr. Anita Stampley — 2315 Prince Ave, Athens, GA 30606
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 14,633 SF medical office near hospitals in Athens, GA.
Where is this medical office space located?
The property is located at 120 Trinity Pl Athens, GA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 14,633 SF medical office facility on 1.05 acres near Athens, GA hospitals.; Main floor (8,570 SF) designed for optimal patient flow.; Lower level (2,260 SF) previously used as an ambulatory surgery center with separate entrances.
