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Building 500 - Unit 501 & 502 700 Sunset Dr 5,198 SF Office Building Athens, GA 30606 $925,000 ($177.95/SF) 7.07% Cap Rate
INVESTMENT HIGHLIGHTS
- Immediate Cash Flow with Upside Potential
- Excellent Location Surrounded by Medical Operators
- Long Term Credit Tenant
EXECUTIVE SUMMARY
700 Sunset Drive, Units 501 & 502, is a 5,198 SF medical/professional office condo fully leased to a long-term credit tenant located in Bishop Professional Park, minutes from the UGA Medical Campus, downtown Athens, and both major hospitals.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$71,278
|
$13.71
|
| Other Income |
$22,212
|
$4.27
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$93,490
|
$17.99
|
| Taxes |
$11,635
|
$2.24
|
| Operating Expenses |
$16,490
|
$3.17
|
| Total Expenses |
$28,125
|
$5.41
|
| Net Operating Income |
$65,365
|
$12.58
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $71,278 |
| Annual Per SF | $13.71 |
| Other Income | |
|---|---|
| Annual | $22,212 |
| Annual Per SF | $4.27 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $93,490 |
| Annual Per SF | $17.99 |
| Taxes | |
|---|---|
| Annual | $11,635 |
| Annual Per SF | $2.24 |
| Operating Expenses | |
|---|---|
| Annual | $16,490 |
| Annual Per SF | $3.17 |
| Total Expenses | |
|---|---|
| Annual | $28,125 |
| Annual Per SF | $5.41 |
| Net Operating Income | |
|---|---|
| Annual | $65,365 |
| Annual Per SF | $12.58 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,198 SF
Building Class
B
Year Built
1993
Price
$925,000
Price Per SF
$177.95
Cap Rate
7.07%
NOI
$65,365
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,198 SF
Building FAR
1.04
Lot Size
0.11 AC
Zoning
C-O - Commercial Office
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Clarke County Board Of Health
- Public Administration
- 5,198 SF
- -
- Double Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Clarke County Board Of Health | Public Administration | 5,198 SF | - | Double Net | - |
1 1
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $374,708 (2025) | |
| Land Assessment | $56,941 (2025) | Annual Taxes | $11,635 ($2.24/SF) |
| Improvements Assessment | $317,767 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$56,941 (2025)
Improvements Assessment
$317,767 (2025)
Total Assessment
$374,708 (2025)
Annual Taxes
$11,635 ($2.24/SF)
Tax Year
2026
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Building 500 - Unit 501 & 502 | 700 Sunset Dr
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