2215 Exchange PlConyers, GA 30013

Property Details for 2215 Exchange Pl

Year built

2002

Lot size

1.05 AC

Property size (Sq ft)

5,180 SF

Zone code

OI

Property type

Medical offices

Property subtype

Medical centers

APN

077-0-01-0026

APU

770010026

Description

This exceptional 7,875 square foot Class C medical office building in Conyers, Georgia, presents a fantastic investment opportunity. Located at 2215 Exchange Pl SE, Conyers, GA 30013, this single-story building sits on a 1.5-acre lot and is zoned OI. Currently boasting 80% occupancy with a gross lease structure, the property features over 5,000 square feet of tenant-occupied space on the main floor and approximately 2,700 square feet in the basement, with a portion of the basement also occupied. The remaining space is a shell, ready for immediate build-out, offering significant potential for expansion or additional income. Built in 2002, this solidly constructed building offers peace of mind with its three separate HVAC units, a gas hot water heater, and existing phone and internet wiring. The asking price is $965,000, and the lease commenced June 10, 2023. The net rentable area is 4,197 square feet. This property is ideal for an owner-operator seeking strong cash flow and stable tenants. Don't miss this chance to acquire a thriving medical office building in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,112,995

  6.5%

  $1,027,380

  7%

  $953,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,010,411

  Geo Method

  $1,010,411

• Alternative Use

  Use

  Valuation

  Residential

  $1,273,952

  Hospitality

  $1,166,933

  Educational

  $970,874

  Medical

  $1,004,264

  Retail

  $1,510,249

Location Insight

City

Conyers

County

Rockdale

State

Georgia

Latitude

33.6287

Longitude

-83.9828

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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