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    Property profile & analytics

    1002 Boulder Dr Gray, GA 31032

    • Medical offices
    • 7,052 SF
    • 0.94 lot acres
    For Sale
    View listing
    $3,006,000
    Value Estimation
    Location Intelligence
    Property ID
    US22-1186266
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • U.S. Renal Care / Dialysis Center
    • RAI CARE CENTER BOULDER DRIVE / Dialysis Center
    • Dr. Ihab Zaggout / Nephrologist

    Property Details for 1002 Boulder Dr

    Year built
    2006
    Construction
    WOOD
    Lot size
    0.94 lot acres
    Property size
    7,052 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    J45D00 063A
    APU
    J45D00063A

    Description

    This exceptional 6,904 square foot medical office building presents a compelling investment opportunity in Gray, Georgia. Located at 1002 Boulder Dr, this property boasts a prime location on the bypass, conveniently situated across from Ingles grocery store and adjacent to Morris Bank, ensuring high visibility and accessibility. Built in 2006 and zoned C-3, the building is currently leased to US Renal Care, a prominent national healthcare provider with a significant patient base exceeding 26,000 across 33 states and over 400 facilities. US Renal Care has occupied the space since September 2006, demonstrating long-term stability and commitment, further solidified by a 5-year lease renewal exercised in November 2021. The property sits on a 0.94-acre lot and offers a strong net operating income (NOI) of $188,545, translating to an attractive 6.25% cap rate with built-in annual increases of 2.25%. This investment presents a rare opportunity to acquire a stable, high-performing medical office building with a strong tenant and significant upside potential. The asking price is $3,006,000. This property is an excellent addition to any diversified real estate portfolio.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $335,000
      6.5%
      $390,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $305,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $320,000
      Mixed-Use
      $345,000
      Hospitality
      $385,000
      Educational
      $420,000
      Residential Income
      $410,000
      Energy
      $340,000
      Income-Based Land
      $315,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Gray
    County
    Jones
    State
    Georgia
    Longitude
    -83.5465
    Latitude
    33.002
    CBSA code
    31420
    CBSA name
    MACON, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,235
    $56,400
    $286,624
    $343,024
    -
    $141,000
    $716,560
    $857,560

    Comparable in this City

    • Value Estimation
      $285,000
      3,915 SF

      197 Clinton St

      MEDICAL BUILDING • 3,915 SF
      197 Clinton St, Gray, GA 31032-5301
      View Details
    • Value Estimation
      $560,000
      4,536 SF

      Cumslo Rd

      MEDICAL BUILDING • 4,536 SF
      Cumslo Rd, Gray, GA 31032
      View Details
    • Value Estimation
      $575,000
      4,640 SF

      250 Clinton St

      MEDICAL BUILDING • 4,640 SF
      250 Clinton St, Gray, GA 31032-5430
      View Details
    • Value Estimation
      $330,000
      4,798 SF

      4292 Gray Hwy

      MEDICAL BUILDING • 4,798 SF
      4292 Gray Hwy, Gray, GA 31032-5900
      View Details
    • Value Estimation
      $130,000
      2,251 SF

      104 Arnold Rd

      MEDICAL BUILDING • 2,251 SF
      104 Arnold Rd, Gray, GA 31032-5838
      View Details
    • Value Estimation
      $205,000
      1,860 SF

      4261 Gray Hwy

      MEDICAL BUILDING • 1,860 SF
      4261 Gray Hwy, Gray, GA 31032-5901
      View Details

    Similar Nearby for Sale

    • $3,006,000
      6,904 SF

      Gray, GA Medical Office Building

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      View Details
    • $575,000

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      Freestanding office building with additional land for development.
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    • $150,000
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    • $410,000
      4.26 Acres

      Commercially Zoned Land in Gray, GA

      4.26 acre commercial parcel in the heart of Gray, GA.
      1 C Ga-18, Gray, GA 31032
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    • Contact for pricing
      0.69 Acres

      Residential Lot in Jackson Heights

      Residential lot in established subdivision with utilities available in Gray.
      Sandra Dr, Gray, GA 31032
      View Details
    • Contact for pricing
      1.50 Acres

      Residential Building Lot in Gray

      Residential lot for building a home in Clinton Crossing Subdivision.
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      View Details
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    1002 Boulder Dr
    Gray, GA 31032
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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
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