808 Commerce Blvd Ste A Riverdale, GA 30296-7192
Property summary
This exceptional 4,300 square foot medical office condo, located at 808 Commerce Blvd in Riverdale, Georgia 30296, presents a lucrative investment opportunity. The property is situated in Clayton County and offers a highly desirable turnkey setup. The lower level comprises a fully equipped 2,200 square foot doctor's office, ready for immediate occupancy. The upper level is thoughtfully divided into three or four smaller, individual offices, providing flexibility for various medical practices or support staff. This versatile layout allows for diverse income streams and potential for expansion. The asking price is $325,000. Based on a potential rental income of $15 per square foot plus $3 per square foot in NNN expenses, the property projects a monthly income of $6,450 at 100% occupancy. This translates to a potential capitalization rate of 19.8% at full occupancy, making it an attractive proposition for investors seeking strong returns. The property's prime location in Riverdale, Georgia ensures convenient access for patients and staff. This is a rare opportunity to acquire a well-established and income-generating medical office condo in a thriving market. Don't miss out on this exceptional investment.
Property profile
VerifiedCap rate & NOI
Current use
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Hospital Children's Hospital
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Physician
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Physician
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Pediatrician Medical Clinic
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Pediatrician Medical Clinic
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
MX · Riverdale, GAZoning
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Zoning designation
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