Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    808 Commerce Blvd Ste A Riverdale, GA 30296-7192

    Property Lookup

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

    808 Commerce Blvd Ste A Riverdale, GA 30296-7192

    View on Map
    • Office properties & Spaces
    • 1,108 SF
    • 0.29 lot acres
    Off-Market
    Last Sale Dec 13, 2021
    $206,000
    Property ID
    US22-1922640
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tri-County Pediatrics / Hospital / Children's Hospital
    • Optima Physical Therapy Services / Physician
    • Ganiyu A. Bello, PT / Physician
    • Dr. Angela P. Jackson, MD / Pediatrician / Medical Clinic
    • Dr. Purna Chadalawada MD / Pediatrician / Medical Clinic

    Property Details for 808 Commerce Blvd Ste A

    Year built
    1987
    Lot size
    0.29 lot acres
    Property size
    1,108 SF
    Zone code
    MX
    Property type
    Office properties & Spaces
    APN
    13-202A- A-014 A02
    APU
    13202AA014A02

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverdale
    County
    Clayton
    State
    Georgia
    Longitude
    -84.418
    Latitude
    33.5476
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, 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
    2024
    $5,463
    $11,000
    $129,040
    $140,040
    -
    $27,500
    $322,600
    $350,100

    Comparable in this City

    • Value Estimation by Request
      0.54 Acres

      948 Hwy 138 Hwy

      Office properties & Spaces • 0.54 Acres
      948 Hwy 138 Hwy, Riverdale, GA 30296
      View Details
    • Value Estimation by Request
      3,312 SF

      808 Commerce Blvd Ste A

      CONDOMINIUM OFFICES • 3,312 SF
      808 Commerce Blvd Ste A, Riverdale, GA 30296-7192
      View Details
    • Value Estimation by Request

      948 Hwy 138 Hwy

      Office properties & Spaces
      948 Hwy 138 Hwy, Riverdale, GA 30296
      View Details
    • Value Estimation by Request
      3,906 SF

      808 Commerce Blvd Ste A

      CONDOMINIUM OFFICES • 3,906 SF
      808 Commerce Blvd Ste A, Riverdale, GA 30296-7192
      View Details
    • Value Estimation
      $835,000
      6,000 SF

      7365 Old National Hwy

      MEDICAL BUILDING • 6,000 SF
      7365 Old National Hwy, Riverdale, GA 30296-1607
      View Details
    • Value Estimation by Request
      1,458 SF

      827 Hwy 138th SW

      MEDICAL BUILDING • 1,458 SF
      827 Hwy 138th SW, Riverdale, GA 30296-3362
      View Details

    Similar Nearby for Sale

    • $399,900
      Pending

      Versatile Property on Highway 138

      Former church property with flexibility for various uses on 1.27 acres.
      1367 Highway 138 SW, Riverdale, GA 30296
      View Details
    • Contact for pricing

      Turnkey Medical and Office Space

      Turnkey medical office with additional smaller office spaces.
      808 Commerce Blvd, Riverdale, GA 30296
      View Details
    • $68,000
      0.52 Acres

      Residential Lot in Valley Woods

      Cleared, graded 0.518-acre lot ready for building in Riverdale.
      1993 Valley Woods Dr, Riverdale, GA 30296
      View Details
    • Contact for pricing
      0.19 Acres

      Riverdale Land in Prime Location

      Premium lot in Riverdale's desirable Sugarcreek neighborhood.
      Sugarcreek Way, Riverdale, GA 30296
      View Details
    • Contact for pricing

      Prime Development Site in South Fulton

      1.54-acre commercial development site with high traffic exposure.
      Jonesboro Rd & Old National Hwy, Riverdale, GA 30296
      View Details
    • Contact for pricing
      0.18 Acres

      Riverdale Cul-de-Sac Lot

      Prime lot in Riverdale's Sugarcreek neighborhood, ideal for building.
      Sugarcreek Way, Riverdale, GA 30296
      View Details

    Similar Nearby for Lease

    • $500 /Mo
      6,000 SF

      Office Space For Lease

      Commercial property with multiple office spaces available for lease.
      804 Commerce Blvd, Riverdale, GA 30296
      View Details
    • $600 /Mo
      6,000 SF

      Riverdale Office Space Available

      Commercial property with multiple office spaces for lease.
      804 Commerce Blvd, Riverdale, GA 30296
      View Details
    • $600 /Mo
      38,333 SF

      Modern Office Space Available

      Newly remodeled office suites with shared amenities in Riverdale, GA.
      808 Commerce Blvd, Riverdale, GA 30296
      View Details
    • $550 /Mo
      6,000 SF

      Office Space For Lease

      Commercial property with multiple office spaces available for lease.
      804 Commerce Blvd, Riverdale, GA 30296
      View Details
    • $800 /Mo
      6,000 SF

      Office Space in Riverdale, GA

      Commercial property with multiple office spaces available for lease.
      804 Commerce Blvd, Riverdale, GA 30296
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    808 Commerce Blvd Ste A
    Riverdale, GA 30296-7192
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!