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Property profile & analytics
OFF-MARKET Estimated value $965,000
Medical Office Space

195 Parkwood Cir Carrollton, GA 30117-8756

7,974 SF 1.48 ac lot Built 1990
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US22-1450689
Property summary
AI-generated overview

This exceptional investment opportunity presents a single-tenant, Class A medical office building totaling 8,219 square feet, situated on a 1.48-acre lot in Carrollton, Georgia. The property is 100% occupied by DaVita, a leading kidney care provider with a substantial national presence, under a Net Net (NN) lease structure. The current lease, with a corporate guarantee, commenced October 1, 2010, and has a remaining term of approximately 4.2 years, extending to January 14, 2029. DaVita recently exercised an early five-year renewal option, demonstrating strong tenant commitment. The lease includes three additional five-year renewal options with built-in rent escalations. The asking price is $1,725,900, representing a compelling cap rate of 7.00% and a price per square foot of $209.99. The property boasts a strong net operating income (NOI) of $120,819. Built in 1990, this single-story building features 12 dialysis stations and benefits from its location near Tanner Medical Center and Higgins General Hospital, ensuring high visibility and patient access. The property's strategic location also provides convenient access to numerous retail amenities, including Circle K, Shell, Subway, Jack's, McDonald's, and Dollar General. The land value alone is $245.16 per square foot. This presents a low-maintenance, high-return investment with a secure, long-term tenant.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1990
Construction STEEL FRAME
Total area 7,974 SF
Lot 1.48 ac (64,469 SF)
Zoning code C
APN 089- -0567
UPID US22-1450689
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • DaVita North Carrollton Dialysis Medical Clinic
  • DaVita North Carrollton At Home Medical Clinic
  • SouthEast Kidney Associates Medical Clinic
  • Dr. Charles Hunter Physician
  • Dr. Vishal Ratkalkar Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
$850k
Blend (final) Blend
$965k
Owner & transaction history
Nr Ga Realty LLC · 6 yrs held
Nr Ga Realty LLC
since 2020
Last sale
$965,000
2 recorded transactions
2020
$965,000
1969
Price N/A
Zoning & alternative use
C · Carrollton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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