Property profile

111 Fieldstone Dr Milledgeville, GA 31061

OFF-MARKET
Medical Office Space
Property ID
US22-2928103
76,582 SF 3.17 ac lot Built 1955
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The Columbia Professional Center, a prominent Milledgeville, Georgia landmark, offers 100,000 square feet of versatile office and industrial space across a 3.17-acre lot. This two-story building, zoned commercial (APN: M54 053), boasts a diverse tenant mix including medical and professional services. Multiple suites are available for lease, ranging from 1,285 to 8,000 contiguous square feet, with a total of 14,657 square feet currently vacant. The property features ample shared parking and all utilities are readily available. Its strategic location in Milledgeville provides easy access to Downtown, Atrium Navicent Hospital, Central Georgia Technical College, the Milledgeville-Baldwin Industrial Park, and the Highway 441 retail corridor. The city's robust economy is fueled by Georgia College & State University and Georgia Military College, creating a strong demand for commercial space. This location offers the benefit of being just two hours from Atlanta. The Columbia Professional Center is the largest private office complex in Milledgeville, making it an ideal location for businesses seeking a prominent presence in a growing Central Georgia community. The property's diverse space options cater to a wide range of businesses, from medical practices to professional offices and warehousing needs.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1955
Construction FRAME
Total area 76,582 SF
Lot 3.17 ac (138,085 SF)
Zoning code RESIDENTIAL
APN M54 053
UPID US22-2928103

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Medical Clinic Ophthalmologist
  • Hair Salon

Location

111 Fieldstone Dr Milledgeville, GA 31061-7106
Milledgeville metro Census 970400 MILLEDGEVILLE, GA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.54M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.57M

Owner & transaction history

since 2022
Last sale
$9.0M
1 recorded transaction
2022
$9.0M

Zoning & alternative use

RESIDENTIAL · Milledgeville, GA
Top alternative use upside
Commercial (general) $8.1M +40.6%
Office building $7.5M +30.2%
Restaurant $7.2M +25.1%

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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