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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Medical Office Space
3865 Medical Park Dr, Austell, GA 30106-1109
Entity Owned
~
Est. High Equity
Property ID
US22-1316613
Property summary
AI-generated overview
This 5,865 square foot free-standing medical office building is located at 3865 Medical Park Drive in Austell, Georgia, 30106, within Cobb County. Priced at $1,500,000 ($255.75 per square foot), this property offers excellent accessibility off Medical Park Drive and is situated approximately 0.19 miles from Wellstar Cobb Hospital, benefiting from a strong medical submarket. The building features ample parking with approximately 40 spaces. The space is ideally suited for a variety of medical professionals, including orthopedic surgeons, physical therapists, occupational therapists, and family physicians. The zoning is O&I. A lease rate of $17.00 per square foot is negotiable, with management and lease terms open for discussion. This presents a compelling investment opportunity in a thriving medical area.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Total area
6,289 SF
Lot
0.9 ac (39,312 SF)
Zoning code
O&I/WS
APN
19085700100
UPID
US22-1316613
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
-
Ms. Renee Figueroa Physician
-
Dr. Vijay Nath Physician Medical Clinic
-
Dr. Akin Ogundipe Physician Medical Clinic
-
Samantha Suthar Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.36M
Owner & transaction history
3865 Medical Park Drive LLC
3865 Medical Park Drive LLC
since 2025
Last sale
$1.4M
1 recorded transaction
Zoning & alternative use
O&I/WS · Austell, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Austell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Austell submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,405,000
7%
$1,305,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,545,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,345,000
Change: -13% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,250,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10% · vs last sale $1.40M (Jul 21 2025)
Last sale anchor
$1.40M
Jul 21 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$216 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,274
Tax year 2023
Assessed value
$373,920
Assessed 2023
Previous assessed
$373,920
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$133,588
Assessed improvement
$240,332
Land market value
$333,970
Improvement market value
$600,830
Total market value
$934,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1973
Heating
NONE
Total area
6,289 SF
Lot
0.9 ac (39,312 SF)
Zoning code
O&I/WS
APN
19085700100
UPID
US22-1316613
Jurisdiction
COBB
Zoning & alternative use
O&I/WS · Austell, GA
Zoning O&I/WS · permitted uses
O&I/WS · Austell, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Austell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Lot
0.9 ac
Current owner
From public records · entity-resolved
3865 Medical Park Drive LLC
Entity
Mailing address
PO BOX 820, JASPER, GA 30143-0820
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
$1,400,000
3865 Medical Park Drive LLC
Herculaneum Properties LLC
Deed
$1,290,000 · Colony Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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