5243 Snapfinger Woods Dr
Decatur, GA 30035 Southeast DeKalb

• Unit Size: 2,736 SF
• Condo Use: Medical
• Price: $375,250 USD
• Sale Type: Investment or Owner User
• Price/SF: $137.15 USD

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.