Add Listing
    For Lease
    • 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

    300 N Slappey Blvd Albany, GA 31701

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Sublease opportunity in Albany, GA, 14,820 SF former Walgreens.

    Property size:
    14,820 SF
    Lot size:
    2.32 Acres

    Property Features for 300 N Slappey Blvd

    General Information

    Size
    14,820 SF
    Lot size
    2.32 Acres

    We can help!

    Listing Contact
    Steve Vallos
    Steve Vallos
    Source: Moodyscre

    Listing Agency: Commercial Realty Advisors Listing Agent: Steve Vallos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Former Walgreens Retail Space

    This is an excellent sublease opportunity for a former Walgreens location in Albany, Georgia. The building has a size of approximately 14,820 square feet and is situated on a site of approximately 2.3 acres. The property features frontage on three roads.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo (Bike/Boat/Book/etc) Store Rite Aid Pharmacy Pharmacy Andrea P. Main, ... Pharmacy Redbox Cinema Western Union Bank

    Suggested Use

    Restaurant Real Estate Agency 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.

    Similar Places Nearby

    Rite Aid Pharmacy, Andrea P. Main, RPh, Thomas Long, Maenne Okunola, That AVON Lady Ria

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.1755697
    Latitude
    31.5733323

    Nearby Similar for Lease

    • $4,500 /Mo
      58,370 SF

      High-Traffic Commercial Property in Albany

      Freestanding commercial building with high visibility and redevelopment potential.
      2801 Slappey Blvd, Albany, GA 31701
      View Details
    • $1,000 /Mo
      17,860 SF

      Renovated Flex Spaces For Lease

      Affordable, renovated flex spaces in a high-traffic Albany corridor.
      100 Slappey Blvd, Albany, GA 31701
      View Details
    • $3,500 /Mo
      40,946 SF

      Northwest Albany Commercial Space For Lease

      3000 sq ft commercial space in Northwest Albany.
      2820 Meredyth Dr, Albany, GA 31707
      View Details
    • $18 SF/Yr

      Class A Office Space Available

      First floor office space perfect for various professionals.
      2539 Lafayette Plaza Dr, Albany, GA 31707
      View Details
    • Contact for pricing
      650,000 SF

      Albany Warehouse with Rail Access

      650,000 SF warehouse with rail spur for lease.
      3300 Sylvester Rd, Albany, GA 31705
      View Details
    • Contact for pricing

      Restaurant Space with Drive-Thru

      Restaurant space with drive-thru, high traffic, near major retailers.
      2718 Dawson Rd, Albany, GA 30068
      View Details
    • Contact for pricing
      2,598 SF

      Anchored Shopping Center Retail Space

      Retail space in a shopping center with major anchor tenants.
      2707 Dawson Rd, Albany, GA 31707
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Albany, GA

      Publix-anchored shopping center in a dense retail corridor.
      2713 Dawson Rd, Albany, GA 31707
      View Details
    • Contact for pricing
      2,360 SF

      Retail Space Available For Rent

      Retail space available for rent in Albany, Georgia.
      244 Cordele Rd, Albany, GA 31705
      View Details
    • $15 SF/Yr
      5,331 SF

      618 Westover Blvd

      Office properties & Spaces • 5,331 SF
      618 Westover Blvd, Albany, GA 31707
      View Details
    • Contact for pricing
      3,080 SF

      Retail Space on Slappey Blvd

      Retail space for rent with excellent visibility and access.
      2220-2310 N Slappey Blvd, Albany, GA 31701
      View Details
    • Contact for pricing
      5,290 SF

      Retail Space in Albany, Georgia

      30,000 square foot retail property available for rent.
      2800 Old Dawson Rd, Albany, GA 31707
      View Details

    FAQs

    What type of property is this?
    Drug store - Sublease opportunity in Albany, GA, 14,820 SF former Walgreens.
    Where is this drug store located?
    The property is located at 300 N Slappey Blvd Albany, GA.
    What are key features of this property?
    This property features: - Former Walgreens location with established infrastructure, ideal for retail or redevelopment.; - Sublease opportunity offers flexibility.; - Large building: ±14,820 SF, suitable for various uses.
    (336) 793-0890 Call to check price and availability
    Request Owner's contact information
    300 N Slappey Blvd Albany, GA 31701
    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.
    300 N Slappey Blvd
    Albany, GA 31701
    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
    300 N Slappey Blvd Albany, GA 31701
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Vallos
    Steve Vallos
    (336) 793-0890
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!