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Property profile & analytics
OFF-MARKET Estimated value $1,830,000
Office buildings

526 Frst Pkwy Forest Park, GA 30297-6140

10,560 SF 1.25 ac lot Built 2001
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US22-1119254
Property summary
AI-generated overview

Parkway Village, located at 526-541 Forest Parkway in Forest Park, Georgia (zip code 30297), offers exceptional medical office space for lease. This three-story, Class B building, constructed in 1987, boasts a total of 15,661 square feet and features six individual suites. The property is situated in the North Clayton/Airport submarket of Clayton County and sits on a lot ranging from 0.34 to 1.25 acres. Multiple tenancy options are available, with spaces ranging from a minimum of 1,050 square feet to a maximum contiguous space of 2,107 square feet. Currently, 8,285 square feet of space is vacant, presenting a significant opportunity for expansion or new tenancy. Ample parking is provided, with a ratio of approximately 6.53 to 7.46 spaces per suite. The property is categorized as both Retail and Office, with a subtype of Medical Office and Strip Center. This prime location offers convenient access to key transportation routes and serves the growing medical needs of the community. Interested parties should inquire about available suite sizes and lease terms.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2001
Total area 10,560 SF
Lot 1.25 ac (54,450 SF)
Zoning code C
APN 13-051B- B-007
UPID US22-1119254
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
  • Mecarvi Technologies (Bike/Boat/Book/etc) Store Corporate Office
  • Tekarva - A Web Development Company Marketing & Advertising (Bike/Boat/Book/etc) Store
  • U-Haul Neighborhood Dealer Car Rental Facility
  • Mecarvi Financial Financial Advisor
  • Jarbii Factory Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.32M
Comparable Approach Comparable
$1.87M
Blend (final) Blend
$1.83M
Owner & transaction history
Ecp North Park Village I & II · 9 yrs held
Ecp North Park Village I & II
since 2016
5 recorded transactions
2016
$1.6M
2015
$154,000
2012
Price N/A
2012
$3.2M
1969
Price N/A
Zoning & alternative use
C · Forest Park, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.7M +56.5%
Commercial (general) $1.9M +8.2%
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