808 Commerce Blvd, Riverdale, GA 30296
Turnkey medical office with additional smaller office spaces.
- Added:
- Jun 27, 2024
- Days on Market:
- 713
- Last Refresh:
- May 12 at 8:28 pm
Property Features for 808 Commerce Blvd
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Office
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
HighLights
- Turnkey 2,200 ft. doctors office downstairs
- Upstairs divided into 3‑4 smaller offices
Overview
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $27.00 |
| − Vacancy | −$6.2k | −$2.84 |
| EGI | $53.2k | $24.17 |
| − OpEx | −$21.3k | −$9.67 |
| NOI | $31.9k | $14.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Riverdale
- County
- Clayton
- State
- Georgia
- Longitude
- -84.4179783
- Latitude
- 33.5476374
