Financial
Distress signals
Property profile

1040 Morningside Dr Perry, GA 31069

FOR SALE
Medical Office Space
Property ID
US22-1359348
5,860 SF 1.01 ac lot Built 2003
Last sale Apr 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional single-tenant medical office building, totaling 6,424 square feet, is situated on a spacious 1.01-acre lot. Built in 2003, the one-story building offers a versatile layout ideal for a variety of medical practices. The property features four well-appointed exam rooms, providing ample space for patient consultations. Two private offices offer administrative areas or additional consultation space. The inclusion of two surgical suites allows for a range of procedures, enhancing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$248k
Assessed land$53k
Assessed improvement$195k
Effective rate3.70%

Value estimate

· Sep 2026
$225k
$203k – $248k
Submarket $/SF estimate$667k
NOI build-up
Gross scheduled income$141k
Vacancy & credit loss−$15k
Operating expenses−$51k
NOI · 8.46% cap applied$76k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$113/SF
County average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$69 – $161

Cap rate analysis

How does the asset earn?
8.46%
$76k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OI
The OI district is intended as a district exclusively for office, institutional, and other low-intensity commercial uses which do not mat...
General categoryCIVIC_INSTITUTIONAL
JurisdictionHOUSTON

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.4
Realty agency15.1
Restaurant13.0

Location

1040 Morningside Dr Perry, GA 31069
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
938 Carroll, Perry, GA 31069-3314 $294,000 Dec 2025 2,653 SF
1020 Keith, Perry, GA 31069-2947 $192,600 Mar 2022 3,108 SF
1019 Keith, Perry, GA 31069-4951 $950,000 Jul 2021 8,326 SF
1014 Keith, Perry, GA 31069-2947 $2,336,900 Mar 2021 6,111 SF
105 Panther, Perry, GA 31069-3024 $445,500 Dec 2020 3,144 SF
1057 Morningside, Perry, GA 31069-2903 $227,500 Nov 2020 2,745 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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