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    1020 Clark Ave Albany, GA 31705

    View on Map
    Sponsored
    For Sale
    $1,648,860

    Improved Commercial - Albany, GA

    Property size:
    60,680 SF
    Lot size:
    23.78 Acres
    Days on Market:
    36
    Last Refresh:
    Mar 12 at 10:06 am

    Property Features for 1020 Clark Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    General Commercial
    APN
    000ee/00026/013
    Interior features
    Other
    Exterior features
    Fenced
    Fencing
    Fenced
    Size
    60,680 SF
    Lot size
    23.78 Acres

    Building Details

    Floors in Building
    1
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Vickie Giles-Griffin

    Selling Sowega, LLC (229) 434-1600

    Listing agent Vickie Giles-Griffin (229) 434-1600

    Listing date Feb 4, 2026

    MLS# 165035 Listing URL

    Copyright © 2026 Albany Board of Realtors and Southwest Georgia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Albany Commercial Property with Warehouses

    Located in East Albany, close to Hwy 520-82-19-300, two parcels are available for sale. The properties offer large-scale warehouse and office space. Property 1, located at 1020 Clark Ave, features a 53,480 sq ft warehouse with a 20 ft ceiling height, a 1,800 sq ft cooler space, and sprinklers. The property also includes 7,200 sq ft of Class A offices with central heat/air and bathrooms. Security is enhanced by a gated entrance with a gatehouse. The land area is 12.72 acres, fully fenced with 8 ft fencing and a front gate. This property was renovated in 2000 and has a separate left-side access for the offices. Property 2, located at 1145 E Broad Ave, has a 52,892 sq ft warehouse with sprinklers, four front loading docks, and a smaller loading dock at the back. It has its own entrance from Broad Ave and adjoins 1020 Clark on the left side. Fencing and security are the same as 1020 Clark Ave, with 8 ft high fence and front gate. Both properties have quick access to Hwy 520-82-19-300. The total lot size is 23.78 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ball Metal Beverage ... Industrial Manufacturer Fleet Master Express Trucking Company J Logistics Warehouse & Storage

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    D&K Logistics, Turner Field Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.131714
    Latitude
    31.579704

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    FAQs

    What type of property is this?
    Warehouse - Two parcels with warehouse and office space for sale.
    Where is this warehouse located?
    The property is located at 1020 Clark Ave Albany, GA.
    What is the asking price?
    The asking price for this property is $1,648,860.
    What are key features of this property?
    This property features: - Over 106,000 sq ft of warehouse space across two properties.; - Prime location in East Albany with quick access to Hwy 520-82-19-300.; - 12.72 acres of fully fenced land with 8 ft fencing and gated entrance for enhanced security.
    (229) 894-2424
    Request Owner's contact information
    1020 Clark Ave Albany, GA 31705
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    Albany, GA 31705
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1020 Clark Ave Albany, GA 31705
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    We can help!
    Listing Contact
    Vickie Giles-Griffin
    (229) 894-2424 (229) 434-1600
    Learn more
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