Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    221& 223 W Lamar Americus, GA 31709

    View on Map
    Pending
    $149,900

    Commercial - Americus, GA

    Property size:
    4,152 SF
    Added:
    Mar 20, 2026
    Days on Market:
    14
    Last Refresh:
    Apr 2 at 1:06 am

    Property Features for 221& 223 W Lamar

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street
    Interior features
    Inside Storage, Restroom-private
    Standard status
    Pending
    Size
    4,152 SF

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1930
    Number of units
    2
    Flooring type
    Tile, Vinyl
    Building materials
    Block
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Mary Kathryn Davis
    Mary Kathryn Davis

    Listing agent Mary Kathryn Davis

    Listing office Whaley Realty, Inc. 400 W. Lamar Street, Americus, GA

    Listing date Mar 20, 2026

    MLS# 907467 Listing URL

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

    Overview

    Downtown Commercial Buildings For Sale

    Two commercial buildings, situated side-by-side in Historic Downtown, offer visibility and opportunity. Each storefront features large front windows suitable for retail or office space. The buildings include storage space in the rear and convenient back entrances for easy access and deliveries. The property has classic downtown character with flexible potential for retail, office, or investment use. The combined property size is 4152 square feet. Both buildings have a new roof and gutters and are located in Americus, Georgia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Americus
    County
    Sumter
    State
    Georgia
    Longitude
    -84.233522
    Latitude
    32.071943

    Nearby Similar for Sale

    • $300,000

      Downtown Americus Commercial Opportunity

      Versatile commercial building in downtown Americus, suitable for various businesses.
      106 S Lee Street, Americus, GA 31709
      View Details
    • $189,000
      2,164 SF

      Downtown Americus Commercial Building

      Commercial building with parking in a desirable downtown location.
      113 S Lee St, Americus, GA 31709
      View Details
    • $69,900
      3,199 SF

      Historic Mixed-Use Building on Main

      Three-story historic building in downtown Americus with retail and living.
      217 W Lamar, Americus, GA 31719
      View Details
    • $250,000
      2,195 SF

      Southern-Style Home on Corner Lot

      Charming Southern home on a spacious corner lot.
      409 N Lee Street, Americus, GA 31709
      View Details
    • $2,294,250
      15,121 SF

      Vineyard Estate with Event Venue

      Boutique winery and event venue near downtown Americus, Georgia.
      207 Wolf Creek Drive, Americus, GA 31719
      View Details
    • $699,000
      28,500 SF

      Americus Farm with Breeder Potential

      22.53 acre farm with structures, needs upgrades for production.
      502 Arch Helms Road, Americus, GA 31719
      View Details
    • $995,000
      7,365 SF

      Fully Rented Shopping Center

      Seven-unit shopping center at a high-traffic intersection in Americus, Georgia.
      1600 E Forsyth St, Americus, GA 31709
      View Details
    • $125,000
      13,000 SF

      Americus Office Building For Sale

      Office building with 13,000 square feet of space.
      130 W Dodson St, Americus, GA
      View Details
    • $297,000
      7,496 SF

      Commercial Space Near Downtown

      Versatile commercial space with showroom, offices, and warehouse.
      225 N Lee St, Americus, GA 31709
      View Details
    • Contact for pricing
      20,000 SF

      Retail Property with Ample Parking

      Retail space with strong access, traffic, visibility, and parking.
      1607 E Lamar St, Americus, GA
      View Details
    • $800,000
      73,000 SF

      Former School Facility on Nine Acres

      73,000 SF former school on ~9 acres for sale.
      300 Cherokee St, Americus, GA 31709
      View Details

    FAQs

    What type of property is this?
    Storefront property - Two commercial buildings in historic downtown Americus, Georgia.
    Where is this storefront property located?
    The property is located at 221& 223 W Lamar Americus, GA.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Prime Historic Downtown location with high visibility; Two adjacent commercial buildings offering flexibility; Large storefront windows ideal for retail or office use
    (229) 938-8541
    We can help!
    Listing Contact
    Mary Kathryn Davis
    Mary Kathryn Davis
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!