1195 Ralph David Abernathy BlvdAtlanta, GA 30310

Property Details for 1195 Ralph David Abernathy Blvd

Year built

1964

Lot size

0.42 AC

Property size (Sq ft)

3,285 SF

Zone code

RLC

Property type

Office properties

Property subtype

Office buildings

APN

14 011700051012

APU

14011700051012

Description

This 3,300 sq ft, fully renovated (2021) Class B medical office building in Atlanta, GA is available for $800,000. Located at 1195 Ralph David Abernathy Blvd SW, this single-tenant property boasts a 100% occupancy rate with a stable, long-term tenant under a NNN lease with 2.1 years remaining (5-year lease, commencing December 10, 2021, expiring December 10, 2026, with four lease options). The property features 15 parking spaces, a security gate, and a new roof (installed 2018). The interior includes four exam rooms, a management office, a doctor's office, a state-of-the-art treatment area with X-ray facilities, a surgery suite, an isolation room with separate airflow, an employee lounge, and a kennel room. The building sits on an 18,295 sq ft lot, zoned R-LC. The property offers a 7.50% cap rate and a net operating income (NOI) of $60,000. This is a stabilized investment opportunity with significant potential for long-term growth. The property's prime location in Atlanta's West End district provides unparalleled accessibility and visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $451,707

  6.5%

  $416,960

  7%

  $387,177

• Comparable approach

  Method

  Valuation

  Relative Method

  $640,772

  Geo Method

  $640,772

• Alternative Use

  Use

  Valuation

  Residential

  $517,031

  Hospitality

  $473,597

  Educational

  $394,028

  Medical

  $407,579

  Retail

  $612,932

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7389

Longitude

-84.427

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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