808 Commerce Blvd Riverdale, GA 30296
- Office Properties & Spaces
- 1,108 SF
- 0.29 lot acres
Current Use by Public Records
- Tri-County Pediatrics / Children'S Hospital / Pediatrician
- Optima Physical Therapy Services / Physical Therapist
- Ganiyu A. Bello, PT / Physical Therapist
- Dr. Angela P. Jackson, MD / Pediatrician
- Dr. Purna Chadalawada MD / Pediatrician
Property Details for 808 Commerce Blvd
- Year built
- 1987
- Lot size
- 0.29 lot acres
- Property size
- 1,108 SF
- Zone code
- MX
- Property type
- Office Properties & Spaces
- APN
- 13-202A- A-014 A02
- APU
- 13202AA014A02
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $200,000
- 6.5%
- $215,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $200,000
- Mixed-Use
- $175,000
- Hospitality
- $200,000
- Educational
- $200,000
- Residential Income
- $205,000
- Energy
- $195,000
- Income-Based Land
- $200,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Riverdale
- County
- Clayton
- State
- Georgia
- Longitude
- -84.418
- Latitude
- 33.5476
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
