Spacious Northwest Albany Office Building

3005 Old Dawson Road, Albany, GA 31721

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For Sale

$1,150,000

Large one-level office building in the heart of northwest Albany.

Type:General Commercial

Property size:

11,400 SF

Lot size:

5.50 Acres

Price / SF:

$100/SF

HighLights

Large one‑level office building featuring 24 private offices.
Located on 5.5 acres in the heart of northwest Albany.
Ample parking spaces and covered drop‑off area.
Zoned C5c, suitable for office, institutional, religious, or preschool use (subject to approval).
Conveniently located near banks, insurance, and medical offices.
Handicap accessible with 4 restrooms and additional exterior features.

We can help!

Listing Contact

Debbie Fulford

For Sale

$1,150,000

Large one-level office building in the heart of northwest Albany.

Type:General Commercial

Property size:

11,400 SF

Lot size:

5.50 Acres

Price / SF:

$100/SF

Added:: Oct 23, 2024
Days on Market:: 596
Last Refresh:: May 12 at 9:09 pm

Property Features for 3005 Old Dawson Road

General Information

Standard status: Active
Size: 11,400 SF
Lot size: 5.50 Acres
Property subtype: General Commercial

Building Details

Year Built: 1975

We can help!

Listing Contact

Debbie Fulford

Listing agent Debbie Fulford

Listing office RE/MAX OF ALBANY

Listing date Oct 23, 2024

Source Xome

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 RE/MAX OF ALBANY

HighLights

Large one‑level office building featuring 24 private offices.
Located on 5.5 acres in the heart of northwest Albany.
Ample parking spaces and covered drop‑off area.
Zoned C5c, suitable for office, institutional, religious, or preschool use (subject to approval).
Conveniently located near banks, insurance, and medical offices.
Handicap accessible with 4 restrooms and additional exterior features.

Overview

This large one-level office building, situated on 5.5 acres in northwest Albany, features 24 private offices, 4 handicap accessible restrooms, a kitchen, a break room, and a conference room. The property includes a covered drop-off area in the rear, ample parking spaces, a partial sprinkler system, and an alarm system. Zoned C5c, the property is suitable for office institutional, religious, preschool, or other office uses, subject to administrative approval with the Planning Office. Originally converted in 2012 from a church to a large administrative office, the property is located within 1 to 2 blocks of banks, insurance, and medical offices. It also backs up to a public road, providing egress and ingress through the rear, in addition to approximately 650 feet of road frontage. The building has a total area of 11,400 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$171.0k	$15.00
− Vacancy	−$37.6k	−$3.30
EGI	$133.4k	$11.70
− OpEx	−$33.3k	−$2.93
NOI	$100.0k	$8.78

11,400 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,035 @ 7.0% cap · market cap 8.70%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.24M

$1.96M – $2.62M (±1% cap)

NOI $157,046 @ 7.0% cap · market cap 13.66%

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

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Dougherty
State: Georgia
Longitude: -84.2280471
Latitude: 31.6145863

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For sale
Office buildings
GA
Albany
31721
Unknown

What type of property is this?

Office building - Large one-level office building in the heart of northwest Albany.

Where is this office building located?

The property is located at 3005 Old Dawson Road Albany, GA.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Large one‑level office building featuring **24 private offices**.; Located on **5.5 acres** in the heart of northwest Albany.; Ample parking spaces and covered drop‑off area.