Entity Owned Property summary
AI-generated overview
Spivey Station Physicians Center, a three-story Class A medical office building totaling 55,927 square feet, offers multiple tenancy opportunities in Jonesboro, Georgia. Located at 7823 Spivey Station Blvd, this 2007-built facility provides convenient access to Highway 138, I-75, and I-675, ensuring excellent accessibility for both patients and staff. Currently, 9,027 square feet of space is available, with individual suites ranging from a minimum of 1,993 square feet to a maximum contiguous space of 4,034 square feet. The building's strategic location in the South Atlanta submarket of Clayton County (zip code 30236) within the Spivey Station development offers a synergistic environment for healthcare professionals, with proximity to an ambulatory surgery center and imaging services. This presents a unique opportunity for medical practices seeking modern, flexible space to enhance their operations. The building's design allows for both first-generation, fully customizable spaces and second-generation clinical spaces, catering to a variety of needs. This prime location and the building's amenities create an ideal setting for a thriving medical practice.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
19,580 SF
Lot
3.2 ac (139,392 SF)
Zoning code
MCD
APN
12-044B- A-004
UPID
US22-1212148
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 Medical Clinic
-
Medical Clinic
-
Physician
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.37M
Comparable Approach
Comparable
$3.80M
Blend (final)
Blend
$3.63M
Owner & transaction history
since 2026
4 recorded transactions
Zoning & alternative use
MCD · Jonesboro, GA
Top alternative use upside
Auto repair, garage
$5.2M
+106.2%
Office building
$2.9M
+17.0%
Neighborhood: shopping center
$2.9M
+14.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.63M
Value range
$3.27M – $3.99M
±10% around blend
Estimated value / SF
$185 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$3.27M
blend $3.63M
$3.99M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,580 SF
Lot area
3.2 ac
Year built
2007
APN
12-044B- A-004
Zoning
MCD
Assessed value
$4,526,000
Annual tax
$176,568
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.37M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.73M
@ 6.5% CAP return
$4.37M
@ 7% CAP return
$4.06M
4
Sales comparison
Partial preview
Sales approach indication
$3.80M
Range $1.64M – $3.80M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.63M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 33 sales
$128
+45%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $185/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+106%
vs current-use indication
Office Building
Neighborhood: Shopping Center
Commercial (general)
Medical Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.53M
Move the market yield to see immediate price impact.
Value / SF
$231
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$285k
$5.70M
$4.07M
$3.17M
$317k
$6.34M
$4.53M
$3.52M
$349k
$6.97M
$4.98M
$3.87M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$176,568
Tax year 2024
Assessed value
$4,526,000
Assessed 2024
Previous assessed
$4,526,000
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$111,520
Assessed improvement
$4,414,480
Land market value
$278,800
Improvement market value
$11,036,200
Total market value
$11,315,000
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Total area
19,580 SF
Lot
3.2 ac (139,392 SF)
Zoning code
MCD
APN
12-044B- A-004
UPID
US22-1212148
Jurisdiction
CLAYTON
Zoning & alternative use
MCD · Jonesboro, GAZoning MCD · permitted uses
MCD · Jonesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Lot
3.2 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MCD
Jurisdiction
Jonesboro, GA
Recorded code
MCD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MCD in Jonesboro, GA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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