Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1002 Williams St Hogansville, GA 30230

    Sponsored
    For Lease
    Contact for pricing

    5,740 SF Freestanding Medical Building

    Lot size:
    5,740 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This 5,740-square-foot, single-tenant medical office building, constructed in 2006, sits on one acre of land in Troup County, Georgia. The property boasts 45 parking spaces and is conveniently located off I-85 (Exit 28), providing excellent accessibility. Its strategic location places it within a thriving commercial area, adjacent to a new 148-unit townhome development currently under construction. Nearby national and regional retailers include Ingles, Love's Travel Station, Wendy's, McDonald's, and Marathon Gas, ensuring high visibility and foot traffic. Hogansville's position between Atlanta and Columbus, Georgia's two largest cities, offers a strong regional draw. Furthermore, the property benefits from proximity to significant healthcare infrastructure, being only 20 minutes from the new 583-bed Piedmont Hospital in Newnan. This presents a unique opportunity for medical professionals or investors seeking a well-positioned, readily available space in a growing community. The building is a single-story structure offering ample space for a variety of medical uses. The entire 5,740 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. The property's convenient location and proximity to major transportation routes and healthcare facilities make it an attractive investment opportunity.

    Property Features for 1002 Williams St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,740 SF

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,740 SF

    We can help!

    Listing Contact
    Olivia Arnold
    Olivia Arnold

    Learn more

    Property Insight Report

    HighLights

    • 5,740 SF single‑tenant medical office building on one acre.
    • Located adjacent to a new 148‑unit townhome development.
    • Excellent I‑85 (Exit 28) visibility with nearby national retailers (Ingles, Love's, Wendy's, McDonald's, Marathon).
    • Situated between Atlanta and Columbus, Georgia.
    • 20 minutes from a new 583‑bed hospital in Newnan.
    • 45 minutes from Hartsfield‑Jackson International Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Hogansville
    County
    Troup
    State
    Georgia
    Longitude
    -84.8733422
    Latitude
    33.1593077

    Nearby Comparable

    • Contact for pricing
      247,275 SF

      Proposed Industrial Building in Hogansville

      Proposed 247,275 SF industrial building on 20 acres.
      Meriwether Park Dr, Hogansville, GA
      View Details
    • Contact for pricing
      190,800 SF

      190,800 SF Logistics Center

      190,800 SF warehouse/distribution space available for lease/sale/build to suit.
      Lone Oak Rd, Hogansville, GA 30230
      View Details
    • Contact for pricing
      1,035,000 SF

      Large Distribution Warehouse for Lease

      1,035,000 SF distribution warehouse with ample parking.
      Highway 29, Grantville, GA 30220
      View Details
    • $1,000 /Mo
      900 SF

      Luthersville Commercial Space For Rent

      Corner lot commercial space in downtown Luthersville, Georgia.
      1 S Main St, Luthersville, GA 30251
      View Details
    • $2,300 /Mo
      2,351 SF

      Luthersville Commercial Space For Lease

      Commercial space in downtown Luthersville, previously operated as a restaurant.
      7 E Oak St, Luthersville, GA 30251
      View Details
    • Contact for pricing
      90,000 SF

      New Warehouse Space Available

      Two 45,000 SF buildings for lease, completion Q4 2025.
      1921 Greenville Rd, Lagrange, GA 30241
      View Details
    • Contact for pricing
      285,737 SF

      Lagrange Mall Retail Spaces Available

      Prime LaGrange retail space, multiple units.
      1501 Lafayette Pkwy, LaGrange, GA 30241
      View Details
    • $17 SF/Yr
      42,699 SF

      Lafayette Parkway Retail Center

      High-traffic retail space, LaGrange, GA
      1300 Lafayette Pkwy, LaGrange, GA 30241
      View Details
    • Contact for pricing
      76,594 SF

      LaGrange Marketplace Retail Space

      Prime LaGrange retail space available.
      900 Hogansville Rd, LaGrange, GA 30241
      View Details
    • Contact for pricing
      76,030 SF

      LaGrange Retail Space: Prime Location

      76,030 SF Retail Center, 12,000 SF Available
      209 Commerce Ave, LaGrange, GA 30241
      View Details
    • Contact for pricing
      3,100 SF

      Retail Space in LaGrange Plaza

      Retail space available in Publix-anchored shopping center in LaGrange, GA.
      137-161 Commerce Ave, Lagrange, GA 30241
      View Details
    • Contact for pricing
      190,000 SF

      190,000 SF Industrial Space Available

      190,000 SF industrial space for lease in LaGrange, GA.
      1475 South Davis Rd, Lagrange, GA 30241
      View Details

    Nearby Similar for Lease

    • Contact for pricing
      190,800 SF

      190,800 SF Logistics Center

      190,800 SF warehouse/distribution space available for lease/sale/build to suit.
      Lone Oak Rd, Hogansville, GA 30230
      View Details
    • Contact for pricing
      247,275 SF

      Proposed Industrial Building in Hogansville

      Proposed 247,275 SF industrial building on 20 acres.
      Meriwether Park Dr, Hogansville, GA
      View Details

    FAQs

    What type of property is this?
    Medical office - 5,740 SF Freestanding Medical Building
    Where is this medical office located?
    The property is located at 1002 Williams St Hogansville, GA.
    What are key features of this property?
    This property features: 5,740 SF single-tenant medical office building on one acre.; Located adjacent to a new 148-unit townhome development.; Excellent I-85 (Exit 28) visibility with nearby national retailers (Ingles, Love's, Wendy's, McDonald's, Marathon).
    Request Owner's contact information
    1002 Williams St Hogansville, GA 30230
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1002 Williams St
    Hogansville, GA 30230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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 Williams St Hogansville, GA 30230
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Olivia Arnold
    Olivia Arnold
    Real Estate License ID: 403458
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.