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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3320 Old Jefferson Rd Athens, GA 30607-1400

    • Medical offices
    • 115,416 SF
    • 8.00 lot acres
    OFF-MARKET
    Last Sale
    Mar 16, 2022
    Value Estimations
    $14,760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1593975
    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

    • Athens medical Specialty Park / Medical Clinic
    • Northeast Georgia Diag Clinic / Medical Clinic
    • University Cancer & Blood Center / Physician
    • Pittman Plastic Surgery / Medical Clinic / Skin Care Clinic
    • Dr. Jeffrey A. Thomas, MD / Physician

    Property Details for 3320 Old Jefferson Rd

    Year built
    2022
    Lot size
    8.00 lot acres
    Property size
    115,416 SF
    Zone code
    E-I
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    11-1- -003
    APU
    111003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,085,000
      Market price range: $4.77M - $16.9M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $22,870,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.414
    Latitude
    33.9867
    CBSA code
    12020
    CBSA name
    ATHENS-CLARKE COUNTY, 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
    $273,606
    $320,000
    $8,435,386
    $8,755,386
    -
    $800,000
    $21,088,466
    $21,888,466

    Comparable in this City

    • Value Estimation
      $2,310,000
      16,032 SF

      3320 Old Jefferson Rd Ste, Unit 400

      MEDICAL BUILDING • 16,032 SF
      3320 Old Jefferson Rd Ste, Athens, GA 30607-1463
      View Details
    • Value Estimation
      $3,340,000
      24,210 SF

      3320 Old Jefferson Rd Bldg, Unit 700

      MEDICAL BUILDING • 24,210 SF
      3320 Old Jefferson Rd Bldg, Athens, GA 30607-1465
      View Details
    • Value Estimation by Request
      2,016 SF

      1720 Commerce Rd

      MEDICAL BUILDING • 2,016 SF
      1720 Commerce Rd, Athens, GA 30607-1018
      View Details
    • Value Estimation
      $1,095,000
      8,358 SF

      5105 Jefferson Rd, Unit 1

      MEDICAL BUILDING • 8,358 SF
      5105 Jefferson Rd, Athens, GA 30607-1701
      View Details
    • Value Estimation by Request
      2,724 SF

      140 Trinity Pl

      MEDICAL BUILDING • 2,724 SF
      140 Trinity Pl, Athens, GA 30607-2100
      View Details
    • Value Estimation
      $545,000
      4,880 SF

      485 Newton Brg Rd

      MEDICAL BUILDING • 4,880 SF
      485 Newton Brg Rd, Athens, GA 30607-1141
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,379 SF

      Medical Building For Sale

      Medical building for sale, 85% leased.
      5095 Jefferson Rd, Athens, GA 30607
      View Details
    • $4,200,000
      14,633 SF

      Athens Medical Office Building

      14,633 SF Medical Facility, $4.2M
      120 Trinity Pl, Athens, GA 30607
      View Details
    • $3,300,000
      14,182 SF

      Athens Medical Office Building

      Prime medical office, owner-user opportunity.
      3320 Old Jefferson Rd, Athens, GA 30607
      View Details
    • Contact for pricing

      Office Complex Near Loop 10

      Office spaces with easy access to major routes and downtown.
      2350 Prince Ave, Athens, GA 30607
      View Details
    • $169,000
      4.14 Acres

      Residential Land in Saddle Shoals

      Residential land for sale in a prestigious Athens neighborhood.
      165 Bexley Heath Dr, Athens, GA 30607
      View Details
    • $355,000
      7,200 SF

      Athens Retail Space: Prime Location

      7,200 SF Retail Building, Two Units
      161 Fritz Mar Ln, Athens, GA 30607
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      14,182 SF

      Athens Medical Office Space

      Class A medical office suites available
      3320 Old Jefferson Rd, Athens, GA 30607
      View Details
    • $22 SF/Yr
      14,929 SF

      Athens Medical Office Space for Lease

      Prime Athens location, 12,826 SF available.
      1440 Chase St, Athens, GA 30607
      View Details
    • Contact for pricing
      8,840 SF

      New Construction Medical Office Space

      8,840 SF customizable medical space for lease.
      5105 Jefferson Rd, Athens, GA 30607
      View Details
    • $1,200 /Mo
      812 SF

      Office Space in Athens, GA

      Office space for lease with convenient access to Loop 10.
      2350 Prince Ave, Athens, GA 30607
      View Details
    • $1,200 /Mo

      Office Space Near Loop 10

      Office complex with easy access to major routes and downtown.
      2350 Prince Ave, Athens, GA 30607
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space Available for Rent

      Retail space available immediately, convenient location.
      2415 Jefferson Rd, Athens, GA 30607
      View Details
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    Athens, GA 30607-1400
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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