808 Commerce BlvdRiverdale, GA 30296

  • Office properties
  • 1,108 SF
For Sale
$325,000 View listing

Property Details for 808 Commerce Blvd

Year built
1987
Lot size
0.29 AC
Property size (Sq ft)
1,108 SF
Zone code
MX
Property type
Office properties
Property subtype
Other office properties
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $140,931
    6.5%
    $130,090
    7%
    $120,798
  • Comparable approach

    Method
    Valuation
    Relative Method
    $216,126
    Geo Method
    $216,126
  • Alternative Use

    Use
    Valuation
    Residential
    $161,312
    Hospitality
    $147,761
    Educational
    $122,935
    Medical
    $127,163
    Retail
    $191,232
808 Commerce Blvd, Riverdale, Georgia

Location Insight

City
Riverdale
County
Clayton
State
Georgia
Latitude
33.5476
Longitude
-84.418
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

FAQs

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