Renovated Flex
For Sale
$310,000
101 Davis Street S, Albany, GA 31701
Leased office and warehouse property with a recently updated office area and paved-road access.
Property Size6,000 SF
Price / SF$51.67
Days on Market374
Property Features for 101 Davis Street S
General Information
Standard status
Active
Size
6,000 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$4,944
Amenities
A/C - Other
3
General Commercial
Corner Lot.
11 Parking Spaces.
Other
Landscaped. Corner, City Road, Paved Road.
Building Details
Year Built
1987
Buildings
1
Building Size
6,000 SF
Tenancy
Single
Listing Agency:
SouthCore Real Estate LLC
(229) 894-1925
Listed By:
Mike Everett · License #367742
(229) 894-1925
Source:
Xome
Added: Aug 24, 2025
Changed: Aug 31
Last Checked: Aug 31 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SouthCore Real Estate LLC
Investment Insights
Based on property information with market context.
This 6,000 sf flex property combines office and warehouse space in a 1987-built commercial building. The office portion was recently renovated, and the offering includes the adjoining land parcel at 706 W. Broad Avenue. The property is leased to DXP Enterprises, Inc., a publicly traded industrial supply company, with more than 5 years remaining on the lease and a 7% cap rate.
Located at 101 Davis Street S in Albany, the site occupies a corner lot with landscaped grounds, paved city-road access, and 11 parking spaces. The building’s office-and-warehouse configuration provides a practical format for industrial, distribution, and commercial operations supported by both administrative and functional space.
Located at 101 Davis Street S in Albany, the site occupies a corner lot with landscaped grounds, paved city-road access, and 11 parking spaces. The building’s office-and-warehouse configuration provides a practical format for industrial, distribution, and commercial operations supported by both administrative and functional space.
Key Highlights
- 6,000 sf office/warehouse building
- Leased to DXP Enterprises, Inc.
- Lease has over 5 years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,638
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$472,760
$472.8K
Cap Rate 7%
$337,686
$337.7K
Cap Rate 9%
$262,644
$262.6K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$36.0K $6.00/SF
− Vacancy
−$2.2K −$0.37/SF
EGI
$33.8K $5.63/SF
− OpEx
−$10.1K −$1.69/SF
NOI
$23.6K $3.94/SF
Area
Dougherty County, GA
Vacancy
6.20%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$472,760
Cap Rate 7%
$337,686
Cap Rate 9%
$262,644
Alternative Uses
Best Use
Office B
$752.1K
$658.1K – $877.5K
NOI $52,650 @ 7.0% cap · market cap 16.98%
Second Best
Flex RnD
$478.7K
$418.9K – $558.5K
NOI $33,511 @ 7.0% cap · market cap 10.81%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,656 @ 7.0% cap · market cap 26.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,081
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31701, GA
18,133
Population
9,535
Households
1.9
Avg Household Size
39
Median Age
17%
College-Educated
81%
High-School Grad
21.2 sq mi
ZIP Area
855
Density / Sq Mi
$32,902
Median Household Income
$31,489
Median Earnings
$812
Median Rent
$97,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Leased office and warehouse property with a recently updated office area and paved-road access.
Where is this flex space located?
The property is located at 101 Davis Street S Albany, GA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 6,000 sf office/warehouse building; Leased to DXP Enterprises, Inc.; Lease has over 5 years remaining
