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1078 Plaza Ave Eastman, GA 31023

Medical Office Space Google Maps
6,942 SF 0.76 ac lot Built 2001
Entity Owned 16-yr Hold Free & Clear
Estimated value (blended)
$300k
Range $270k – $330k (±10%)
Property ID US22-3012311

Property summary

AI-generated overview

This fee-simple retail property at 1078 Plaza Ave, Eastman, GA 31023, offers a compelling investment opportunity. The 7,122 square foot building, constructed in 2001 and situated on a 0.76-acre lot, is currently leased to Fresenius Medical Care under a Net Net (NN) lease with 7.5 years remaining. The lease includes two 5-year options, providing long-term income security. Fresenius Medical Care has been a tenant for over two decades, demonstrating a strong commitment to the location. The property boasts a 6.45% cap rate and a Net Operating Income (NOI) of $88,746.08, representing a significant return on the $1,375,000 asking price. Its prime location on the Dodge County Hospital campus ensures high visibility and accessibility, attracting a steady stream of potential customers. The well-maintained building is ideally suited to its current medical tenant and the overall investment offers a blend of stability and future potential. This is a rare opportunity to acquire a high-performing retail property in a desirable location with a strong, long-term tenant.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2001
Total area 6,942 SF
Lot 0.76 ac (33,106 SF)
APN 048 002J
UPID US22-3012311

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2010
1 recorded transaction
2010
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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