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    Retail Spaces at Tifton Mall Title is generated by Realmo AI

    458 Virginia Ave N, Tifton, GA

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    Retail spaces available, move-in ready movie theatre, coffee drive-thru outparcel.

    Type:RETAIL
    Property size:
    7,667 SF
    Lot size:
    22.25 Acres
    Added:
    Dec 3, 2024
    Days on Market:
    550
    Last Refresh:
    May 20 at 9:40 pm

    Property Features for 458 Virginia Ave N

    General Information

    Standard status
    Active
    Size
    7,667 SF
    Lot size
    22.25 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 458 Virginia Ave N Contact us

    We can help!

    Listing Contact
    Harrison Norman
    Harrison Norman

    Listing agent Harrison Norman

    Listing office SRS Real Estate Partners - Atlanta

    Listing date Dec 3, 2024

    Source Moodyscre

    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 SRS Real Estate Partners - Atlanta

    HighLights

    • Shares access with a Publix‑anchored center, generating an average of 105,000 customers monthly.
    • Visible from I‑75.
    • Move‑In Ready Movie Theatre Available (17,400 SF).
    • Situated directly next to the Publix‑Anchored Center (Ranked in 83rd percentile for Georgia).
    • Second Gen Retail spaces available inside (700 SF‑7,667 SF).
    • Coffee Drive Thru outparcel available on 2/1/25 (200 SF).

    Overview

    Located at Tifton Mall, this property offers various retail spaces. The location benefits from its proximity to a Publix-anchored center, which attracts an average of 105,000 customers per month. The property is visible from I-75. Second-generation retail spaces are available inside, ranging from 700 to 7,667 square feet. A move-in ready movie theatre space is also available, offering 17,400 square feet. Additionally, a coffee drive-thru outparcel is available starting on 2/1/25, providing 200 square feet. The mall's current tenants include T.J.Maxx, Belk, Bealls, and Ollie’s Bargain Outlet, and Hibbett Sports.
    Property Profile Location Intelligence

    Current Use by Public Records

    Adore Nail & Spa Nail Salon FedEx Drop Box Postal Service Ollie's Bargain Outlet Discount Store Rainbow Shops (Bike/Boat/Book/etc) Store Belk Department Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tifton
    County
    Tift
    State
    Georgia
    Longitude
    -83.5281
    Latitude
    31.4605

    Nearby Similar for Lease

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      30,817 SF

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      1,000 SF

      Publix-Anchored Retail Center Space

      Retail space in a high-traffic, Publix-anchored shopping center.
      620 Virginia Ave N, Tifton, GA
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      17,400 SF

      Retail Space in Tifton, Georgia

      Retail property available for rent in Tifton, Georgia.
      216 Virginia Ave N, Tifton, GA
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      2,800 SF

      Retail Center Near I-75

      12,929 SF retail center located off I-75.
      1430 Hwy 82 W, Tifton, GA
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    FAQs

    What type of property is this?
    Shopping mall - Retail spaces available, move-in ready movie theatre, coffee drive-thru outparcel.
    Where is this shopping mall located?
    The property is located at 458 Virginia Ave N Tifton, GA.
    What are key features of this property?
    This property features: Shares access with a Publix‑anchored center, generating an average of 105,000 customers monthly.; Visible from I‑75.; Move‑In Ready Movie Theatre Available (17,400 SF).
    (678) 686-0263 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Harrison Norman
    Harrison Norman
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    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.

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