Corner Gas Station and Repair
1201 N Slappey Blvd Albany, GA 31701
1201 N Slappey Blvd, Albany, GA, 31701
$75,000
For Sale
$75,000
Corner lot with 125 feet of frontage and drive access on Slappey Blvd and Fifth Ave.
Property Size1,276 SF
Price / SF$58.78
Days on Market63
Property Features for 1201 N Slappey Blvd
General Information
- Standard status
- Active
- Size
- 1,276 SF
Listing agency
Walden and Kirkland, Inc
(229) 343-3714
Listed by
Lauren Watson
(229) 343-3714
Source
Exprealty
Added: May 20 Updated: Jul 21 at 7:52AM Checked: Jul 21 at 7:52AM
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 Walden and Kirkland, Inc
Investment Insights
Based on property information with market context.
This corner property was previously used as a gas station and repair shop. The site offers multiple access points, including an exit onto Fifth Ave.
The property has approximately 125 feet of frontage on Slappey Blvd and is reported to average 31,000 vehicles per day. The listing is for 1201 N Slappey Blvd in Albany, GA.
Ideal for buyers looking for an automotive-oriented site with established service use and prominent frontage on a main corridor.
The property has approximately 125 feet of frontage on Slappey Blvd and is reported to average 31,000 vehicles per day. The listing is for 1201 N Slappey Blvd in Albany, GA.
Ideal for buyers looking for an automotive-oriented site with established service use and prominent frontage on a main corridor.
Key Highlights
- Corner lot with 125 ft of frontage on Slappey Blvd and access on Fifth Ave
- Previously used as a gas station/repair shop
- Averages 31,000 traffic count per day
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $7.7k | $6.00 |
| − Vacancy | −$475 | −$0.37 |
| EGI | $7.2k | $5.63 |
| − OpEx | −$2.2k | −$1.69 |
| NOI | $5.0k | $3.94 |
1,276 SF · lease $6.00/SF/yr · vacancy 6.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$137.0K
$119.9K – $159.9K
NOI $9,593 @ 7.0% cap · market cap 12.79%
Second Best
Specialty Retail
$130.0K
$113.7K – $151.6K
NOI $9,098 @ 7.0% cap · market cap 12.13%
Theoretical Best
Office A
$251.1K
$219.7K – $293.0K
NOI $17,578 @ 7.0% cap · market cap 23.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pure Gibson Services ...
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - Corner lot with 125 feet of frontage and drive access on Slappey Blvd and Fifth Ave.
Where is this gas station located?
The property is located at 1201 N Slappey Blvd Albany, GA.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Corner lot with 125 ft of frontage on Slappey Blvd and access on Fifth Ave; Previously used as a gas station/repair shop; Averages 31,000 traffic count per day
