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    808 Commerce Blvd Riverdale, GA 30296

    For Sale
    $325,000

    Turnkey medical office, high rental potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4,300 square foot medical office condo, located at 808 Commerce Blvd in Riverdale, Georgia 30296, presents a lucrative investment opportunity. The property is situated in Clayton County and offers a highly desirable turnkey setup. The lower level comprises a fully equipped 2,200 square foot doctor's office, ready for immediate occupancy. The upper level is thoughtfully divided into three or four smaller, individual offices, providing flexibility for various medical practices or support staff. This versatile layout allows for diverse income streams and potential for expansion. The asking price is $325,000. Based on a potential rental income of $15 per square foot plus $3 per square foot in NNN expenses, the property projects a monthly income of $6,450 at 100% occupancy. This translates to a potential capitalization rate of 19.8% at full occupancy, making it an attractive proposition for investors seeking strong returns. The property's prime location in Riverdale, Georgia ensures convenient access for patients and staff. This is a rare opportunity to acquire a well-established and income-generating medical office condo in a thriving market. Don't miss out on this exceptional investment.

    Property Features for 808 Commerce Blvd

    General Information

    Property type
    Medical offices

    HighLights

    • $325,000 asking price for a 4,300 square foot medical office condo.
    • Located at 808 Commerce Blvd, Riverdale, GA 30296.
    • Potential gross monthly income of $6,450 based on $15/SF + $3 NNN, representing a 19.8% cap rate at 100% occupancy.
    • Features a 2,200 square foot turnkey medical office on the ground floor and 3‑4 smaller offices upstairs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tri-County Pediatrics Children'S Hospital Optima Physical Therapy ... Physical Therapist Ganiyu A. Bello, PT Physical Therapist Dr. Angela P. ... Pediatrician Dr. Purna Chadalawada ... Pediatrician

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverdale
    County
    Clayton
    State
    Georgia
    Longitude
    -84.4179641
    Latitude
    33.5476573

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    FAQs

    What type of property is this?
    Medical office - Turnkey medical office, high rental potential.
    Where is this medical office located?
    The property is located at 808 Commerce Blvd Riverdale, GA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: $325,000 asking price for a 4,300 square foot medical office condo.; Located at 808 Commerce Blvd, Riverdale, GA 30296.; Potential gross monthly income of $6,450 based on $15/SF + $3 NNN, representing a 19.8% cap rate at 100% occupancy.
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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
    808 Commerce Blvd Riverdale, GA 30296
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