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Investment Highlights

  • 2,736 SF Medical/Dental Office Condo, Move-In-Ready Healthcare Office Configuration
  • 7 Exam Rooms + 3 Private Offices, Multiple Sinks + 3 Restrooms, Separate Physician/Staff Entrance
  • MARTA Route 114 bus stop at/near property – direct service to Decatur MARTA Station and Stonecrest (according to MARTA online sources)
  • Priced 5% Below Recent of $395,000 Appraisal - listed at $375,250, Owner-User or Lease-Up Investment Opportunity
  • Covered Patient Drop-Off/Pick-Up Area with ramped sidewalk, Ample Shared FREE Surface Parking, Apprx 1 Mile to I-20,
  • Appraisal-Derived Stabilized Cap Potential ˜ 8.5% for an Investor, Investment Pro Forma Available Upon Request

Executive Summary

Suite 104, approximately 2,736 SF, is located within the Snapfinger Medical-Dental Specialty Center Condominium, an established medical/dental office condominium development consisting of two single-story buildings totaling approximately 12,832 SF. The development contains individually owned professional medical-office condominium suites. The condominium documents restrict occupancy to medical, dental and related professional healthcare uses, helping preserve the property's specialized healthcare-office environment. Shared surface parking is available throughout the development on a first-come/first-served basis, with parking considered sufficient for the property. The center offers convenient access from both Snapfinger Woods Drive and Easterly Place. I-20 is approximately one mile away via Panola Road, providing convenient access to Downtown Atlanta and the regional expressway system. Nearby transportation corridors include Panola Road, Covington Highway/US 278 and Turner Hill Road/GA 124. MARTA Route 114 – Columbia Drive/Snapfinger Woods Drive serves the immediate area, providing transit connectivity along Snapfinger Woods Drive between Decatur Station and the Stonecrest area, including access to Panola Park & Ride and Emory Hillandale Hospital. MARTA A covered patient pick-up/drop-off area, ramped sidewalk access, shared surface parking, independent suite access and the property's existing medical-office configuration make Suite 104 particularly well suited for physicians, dentists, specialists and other healthcare-related owner-users permitted by the condominium documents.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 104
  • 2,736 SF
  • Medical
  • $517,984 CAD ($189.32 CAD/SF)
  • -
Sale Type Investment or Owner User
APN/Parcel ID 16-041-08-003
Description
Suite 104 is an approximately 2,736 SF medical/dental office condominium configured for immediate owner-user occupancy. The suite was substantially updated following its 2021 acquisition, including HVAC repairs/upgrades, flooring, electrical and lighting improvements, painting and other improvements.
The existing medical-office layout includes reception/waiting areas, multiple exam/treatment rooms, private offices, staff/work areas, kitchen/break area, multiple sinks, storage and three restrooms. The unit also provides a separate physician/staff entrance in addition to the primary patient entrance. A recent independent appraisal describes the property as having above-average building quality, condition and appeal.
Convenient ramped sidewalk access is located near the covered patient pick-up/drop-off area. The building is constructed over a crawl-space foundation, providing useful under-floor access that may facilitate future plumbing modifications for medical or dental build-out. Individual HVAC controls and direct suite access provide the owner/user with 24/7 access without dependence upon traditional multi-tenant office building operating hours.
Condominium documents restrict occupancy to specified medical/dental professional uses, helping preserve the property's specialized healthcare-office environment. Prospective purchasers should review the condominium documents to confirm that their intended use is permitted.
Condominium assessments cover association-maintained common elements and certain exterior building components, including roof, exterior wall/surface and grounds/common-area maintenance. On-site sanitation collection is also provided.
Sale Notes
PRICED 5% BELOW RECENT APPRAISAL — $375,250 asking price versus a June 2026 independent appraised value of $395,000.
Owner-User Opportunity: Seller has changed its business model and no longer requires a dedicated physical office location. This creates an opportunity for a qualified medical or dental owner-user to acquire an established office condominium, control its occupancy and build equity rather than continue leasing.
Investment Opportunity: The recent appraisal concluded market base rent of approximately $13.50/SF NNN and modeled stabilized NOI of approximately $31,750 annually. At the current asking price, those appraisal-derived assumptions indicate a stabilized capitalization rate of approximately 8.5% following lease-up to a qualified medical/dental tenant.  
Illustrative investment pro forma available from Broker upon request. Projections are estimates only and are not representations of existing rental income or future investment performance.
Unit Unit Size Condo Use Price NOI
Unit 104 2,736 SF Medical $517,984 CAD ($189.32 CAD/SF) -

Unit 104

Unit Size
2,736 SF
Condo Use
Medical
Price
$517,984 CAD ($189.32 CAD/SF)
NOI
-

Unit 104

Unit Size 2,736 SF
Condo Use Medical
Price $517,984 CAD ($189.32 CAD/SF)
NOI -
Sale Type Investment or Owner User
APN/Parcel ID 16-041-08-003
Description
Suite 104 is an approximately 2,736 SF medical/dental office condominium configured for immediate owner-user occupancy. The suite was substantially updated following its 2021 acquisition, including HVAC repairs/upgrades, flooring, electrical and lighting improvements, painting and other improvements.
The existing medical-office layout includes reception/waiting areas, multiple exam/treatment rooms, private offices, staff/work areas, kitchen/break area, multiple sinks, storage and three restrooms. The unit also provides a separate physician/staff entrance in addition to the primary patient entrance. A recent independent appraisal describes the property as having above-average building quality, condition and appeal.
Convenient ramped sidewalk access is located near the covered patient pick-up/drop-off area. The building is constructed over a crawl-space foundation, providing useful under-floor access that may facilitate future plumbing modifications for medical or dental build-out. Individual HVAC controls and direct suite access provide the owner/user with 24/7 access without dependence upon traditional multi-tenant office building operating hours.
Condominium documents restrict occupancy to specified medical/dental professional uses, helping preserve the property's specialized healthcare-office environment. Prospective purchasers should review the condominium documents to confirm that their intended use is permitted.
Condominium assessments cover association-maintained common elements and certain exterior building components, including roof, exterior wall/surface and grounds/common-area maintenance. On-site sanitation collection is also provided.
Sale Notes
PRICED 5% BELOW RECENT APPRAISAL — $375,250 asking price versus a June 2026 independent appraised value of $395,000.
Owner-User Opportunity: Seller has changed its business model and no longer requires a dedicated physical office location. This creates an opportunity for a qualified medical or dental owner-user to acquire an established office condominium, control its occupancy and build equity rather than continue leasing.
Investment Opportunity: The recent appraisal concluded market base rent of approximately $13.50/SF NNN and modeled stabilized NOI of approximately $31,750 annually. At the current asking price, those appraisal-derived assumptions indicate a stabilized capitalization rate of approximately 8.5% following lease-up to a qualified medical/dental tenant.  
Illustrative investment pro forma available from Broker upon request. Projections are estimates only and are not representations of existing rental income or future investment performance.

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 2,736 SF
Property Type Office (Condo)
Property Subtype Medical
Building Class B
Floors 1
Typical Floor Size 2,736 SF
Year Built 1982
Tenancy Single
Lot Size 1.25 AC
Parking Ratio 18.27/1,000 SF
Zoning M - Zoning is Industrial - Complex was built as Medical-Dental office prior to M zoning Stonecrest Overlay District - DeKalb County

Amenities

  • Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
  • Listing ID: 42079263

  • Date on Market: 2026-09-07

  • Last Updated:

  • Address: 5243 Snapfinger Woods Dr, Decatur, GA 30035

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