526 Forest PkwyForest Park, GA 30297

Property Details for 526 Forest Pkwy

Year built

2001

Lot size

1.25 AC

Property size (Sq ft)

10,560 SF

Zone code

C

Property type

Office properties

Property subtype

Office buildings

APN

13-051B- B-007

APU

13051BB007

Description

Parkway Village, located at 526-541 Forest Parkway in Forest Park, Georgia (zip code 30297), offers exceptional medical office space for lease. This three-story, Class B building, constructed in 1987, boasts a total of 15,661 square feet and features six individual suites. The property is situated in the North Clayton/Airport submarket of Clayton County and sits on a lot ranging from 0.34 to 1.25 acres. Multiple tenancy options are available, with spaces ranging from a minimum of 1,050 square feet to a maximum contiguous space of 2,107 square feet. Currently, 8,285 square feet of space is vacant, presenting a significant opportunity for expansion or new tenancy. Ample parking is provided, with a ratio of approximately 6.53 to 7.46 spaces per suite. The property is categorized as both Retail and Office, with a subtype of Medical Office and Strip Center. This prime location offers convenient access to key transportation routes and serves the growing medical needs of the community. Interested parties should inquire about available suite sizes and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $1,343,169

  6.5%

  $1,239,848

  7%

  $1,151,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,059,834

  Geo Method

  $2,059,834

• Alternative Use

  Use

  Valuation

  Residential

  $1,537,412

  Hospitality

  $1,408,261

  Educational

  $1,171,656

  Medical

  $1,211,951

  Retail

  $1,822,576

Location Insight

City

Forest Park

County

Clayton

State

Georgia

Latitude

33.6216

Longitude

-84.374

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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