Remodeled Corner Retail
1600 E Oglethorpe Blvd Albany, GA 31705
For Sale
$799,000
COMMERCIAL - Albany, GA
Property Size8,050 SF
Price / SF$99.25
Days on Market11
Property Features for 1600 E Oglethorpe Blvd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 00011
- Size
- 8,050 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- same as in deed bk 4846 and page 245 in DoCo Cthse
- Tax Annual Amount
- 1900
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Number of units
- 1
Listing Agency:
The Brokerage Real Estate Company
(229) 376-8917
Listed By:
Lisa Davis
(229) 376-8917
Added: Jul 14
Last Checked: Jul 24 at 8:06AM
MLS# 169540
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.
Investment Insights
Based on property information with market context.
This remodeled commercial building offers a flexible combination of open showroom space, multiple retail display areas, office space, and supporting back-of-house amenities. The interior includes three restrooms, an employee break room, storage areas, and a commercial kitchen/preparation area. A flexible warehouse space and loading dock are also included, providing additional utility for operations that need both sales and warehouse functions.
The property is situated on a corner location with frontage on East Oglethorpe Boulevard. It provides direct access to US Highway 19 and the Highway 82 interchange.
The building is positioned to support mixed commercial uses with a functional layout designed for immediate operation or customization.
The property is situated on a corner location with frontage on East Oglethorpe Boulevard. It provides direct access to US Highway 19 and the Highway 82 interchange.
The building is positioned to support mixed commercial uses with a functional layout designed for immediate operation or customization.
Key Highlights
- Completely remodeled in 2023 commercial building on East Oglethorpe Boulevard (8,300 SF)
- Direct access to US Highway 19 and the Highway 82 interchange from a high‑visibility corner location
- Open showroom plus multiple retail display areas and office space for flexible tenant or buyer use
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.6k | $12.00 |
| − Vacancy | −$10.1k | −$1.26 |
| EGI | $86.5k | $10.74 |
| − OpEx | −$25.9k | −$3.22 |
| NOI | $60.5k | $7.52 |
8,050 SF · lease $12.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$864.6K
$756.5K – $1.01M
NOI $60,520 @ 7.0% cap · market cap 7.57%
Second Best
Flex RnD
$642.3K
$562.0K – $749.3K
NOI $44,960 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,897 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nolans Hardware and Home ...
Building Supply
Similar Off Market Nearby
- Dinner Bell Catering Services — 1206 Clark Ave, Albany, GA 31705
FAQs
What type of property is this?
Flex space - Remodeled commercial building with showroom, retail display areas, office space, loading dock, and warehouse area on a high-visibility corner.
Where is this flex space located?
The property is located at 1600 E Oglethorpe Blvd Albany, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Completely remodeled in 2023 commercial building on East Oglethorpe Boulevard (8,300 SF); Direct access to US Highway 19 and the Highway 82 interchange from a high‑visibility corner location; Open showroom plus multiple retail display areas and office space for flexible tenant or buyer use
