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    OFF-MARKET
    Office Spaces

    808 Commerce Blvd Ste A, Riverdale, GA 30296-7192

    1,108 SF 0.29 ac lot Built 1987
    Individually Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US22-1922640
    Property summary
    AI-generated overview

    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
    Verified
    Property type Office Spaces
    Use group CONDOMINIUM OFFICES
    Year built 1987
    Total area 1,108 SF
    Lot 0.29 ac (12,763 SF)
    Zoning code MX
    APN 13-202A- A-014 A02
    UPID US22-1922640
    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
    • 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ali A Sadegh · 4 yrs held
    Ali A Sadegh
    since 2021
    Last sale
    $206,000
    1 recorded transaction
    2021
    $206,000
    Zoning & alternative use
    MX · Riverdale, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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