Albany Mixed-Use Investment
1806 Oakridge Drive Albany, GA 31721
1806 Oakridge Drive, Albany, GA, 31721
$599,900
For Sale
$599,900
COMMERCIAL - Albany, GA
Property Size6,692 SF
Lot Size5.98 Acres
Price / SF$89.64
Days on Market518
Property Features for 1806 Oakridge Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 00308/00001/15H
- Size
- 6,692 SF
- Lot size
- 5.98 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- parcel 00308/000001/016 and 00308/000001/15H
- Tax Annual Amount
- 3967
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Number of units
- 5
Listing Agency
RE/MAX OF ALBANY
(229) 434-1600
1819 Dawson Road, Albany, GA
Listed by
Linda C. Turpin · License #162005
(229) 881-1529
Added: Feb 14, 2025 Checked: Jul 17 at 3:06 pm
MLS# 164389
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 offering includes two properties totaling 5.98 acres, with 4.67 acres and an additional 1.31 acres. The properties are located in an M1 zoning area and include a 6,692 square foot office building facing Oakridge Drive and a rental home that is currently occupied. The property also features barns and a shop suitable for storage or other uses. Recent improvements have been made. This property presents an opportunity for business expansion or investment.
Key Highlights
- Two properties being sold together totaling 5.98 acres.
- M1 zoning, suitable for business expansion or investment.
- Includes a large office building and a rental home.
Local Financial Insights For Mixed Use
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 | $68.3k | $10.20 |
| − Vacancy | −$8.2k | −$1.22 |
| EGI | $60.1k | $8.98 |
| − OpEx | −$22.5k | −$3.37 |
| NOI | $37.5k | $5.61 |
6,692 SF · lease $10.20/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$838.9K
$734.0K – $978.7K
NOI $58,722 @ 7.0% cap · market cap 9.79%
Second Best
Mixed Use
$536.3K
$469.3K – $625.7K
NOI $37,542 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,189 @ 7.0% cap · market cap 15.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
J L Malone ...
Electrical Service
Southwest Georgia Construction
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two properties totaling 5.98 acres with office, home, barns.
Where is this mixed-use property located?
The property is located at 1806 Oakridge Drive Albany, GA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two properties being sold together totaling 5.98 acres.; M1 zoning, suitable for business expansion or investment.; Includes a large office building and a rental home.
