Turnkey Medical and Office
For Sale
Contact for pricing
Pending
808 Commerce Blvd, Riverdale, GA 30296
Turnkey medical office with additional smaller office spaces.
Property Size2,200 SF
Days on Market803
Property Features for 808 Commerce Blvd
General Information
Standard status
Pending
Size
2,200 SF
Property subtype
Office
Listing Agency:
Michael Bailey Commercial Realty
Listed By:
Michael Bailey · License #GA H79944
(478) 262-5859
Source:
Crexi
Added: Jun 27, 2024
Changed: Aug 16
Last Checked: Sep 6 at 1:29PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Turnkey 2,200 ft. doctors office downstairs
- Upstairs divided into 3‑4 smaller offices
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
$31,898
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
7.97%
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%
$637,960
$638.0K
Cap Rate 7%
$455,686
$455.7K
Cap Rate 9%
$354,422
$354.4K
Market Conditions
NOI Build-Up for 2,200 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
$59.4K $27.00/SF
− Vacancy
−$6.2K −$2.84/SF
EGI
$53.2K $24.17/SF
− OpEx
−$21.3K −$9.67/SF
NOI
$31.9K $14.50/SF
Area
Clayton County, GA
Vacancy
10.50%
Lease Rate
$27.00 /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%
$637,960
Cap Rate 7%
$455,686
Cap Rate 9%
$354,422
Alternative Uses
Best Use
Healthcare Medical
$455.7K
$398.7K – $531.6K
NOI $31,898 @ 7.0% cap · market cap 7.97%
Second Best
Office B
$420.9K
$368.3K – $491.0K
NOI $29,460 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$615.0K
$538.1K – $717.5K
NOI $43,049 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30296, GA
27,869
Population
10,780
Households
2.6
Avg Household Size
37
Median Age
23%
College-Educated
87%
High-School Grad
10.4 sq mi
ZIP Area
2,680
Density / Sq Mi
$60,322
Median Household Income
$34,505
Median Earnings
$1,527
Median Rent
$184,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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
