Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    808 Commerce Blvd Riverdale, GA 30296

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Turnkey medical office with additional smaller office spaces.

    Type:Office
    Property size:
    2,200 SF
    Added:
    Jun 27, 2024
    Days on Market:
    667
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 808 Commerce Blvd

    General Information

    Standard status
    Active
    Size
    2,200 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Michael Bailey

    Listing agent Michael Bailey License #GA H79944

    Listing office Michael Bailey Commercial Realty

    Listing date Jun 27, 2024

    Source Crexi

    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

    Overview

    Turnkey Medical and Office Space

    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.
    Property Profile Insight Report 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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverdale
    County
    Clayton
    State
    Georgia
    Longitude
    -84.4179783
    Latitude
    33.5476374

    Nearby Similar for Sale

    • $2,200,000
      4,316 SF

      Versatile Office Space in Riverdale

      Commercial property with accessibility, functionality, and professional charm.
      6338 Church Street, Riverdale, GA 30274
      View Details
    • $740,000

      Riverdale Retail Space on Highway

      7,200 SF retail space with high visibility and parking.
      6474 Highway 85, Riverdale, GA 30274
      View Details
    • $399,900
      2,546 SF

      Versatile Property on Highway 138

      Former church property with flexibility for various uses on 1.27 acres.
      1367 Highway 138 SW, Riverdale, GA 30296
      View Details
    • $1,025,000

      Professional Office Building in Riverdale

      6,583 SF office building in established medical corridor.
      275 Professional Court, Riverdale, GA 30274
      View Details
    • $1,650

      Commercial Property in Busy Area

      Commercial property with large rooms in a busy Riverdale area.
      710 King Road, Riverdale, GA 30274
      View Details
    • $1,025,000
      6,583 SF

      Riverdale Professional Office Building

      6,583 SF office building in Riverdale's medical corridor.
      275 Professional Ct, Riverdale, GA 30274
      View Details
    • $2,802,000
      14,010 SF

      Medical Office Space For Sale

      14,010 SF medical office space on 3.4 acres.
      150 Medical Way, Riverdale, GA 30274
      View Details
    • $1,200,000
      15,820 SF

      Industrial Property with Fenced Storage

      Industrial property featuring office space and fenced outside storage.
      Riverdale, GA 30274
      View Details
    • $280,000
      5 SF

      5.1 Acre Development Opportunity

      5.1 acres prime location for transformative project.
      7441 McElroy Dr Riverdale, GA 30296, GA 30296
      View Details
    • $125,000
      1 SF

      Highway Frontage Commercial Land Available

      Commercial land for sale on high-traffic highway.
      0 Highway 138 Lot C001 & C026, Riverdale, GA 30274
      View Details
    • $250,000
      2,360 SF

      Commercial Building in Growing Riverdale

      Commercial building with great parking and space in growing Riverdale.
      478 Upper Riverdale Road SW, Riverdale, GA 30274
      View Details
    • $500,000
      4,000 SF

      Metal Frame Building For Sale

      4000 sq ft metal frame building ideal for business.
      6287 GA-85 BLD-2, Riverdale, GA 30274
      View Details

    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
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Bailey
    Real Estate License ID: GA H79944
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!