808 Commerce BlvdRiverdale, GA 30296

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

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.

• 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

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

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