Building Details

Year Built 1937

Buildings 2

Units 1

Listing Agency: 1 KEY REALTY LLC

Listed By: Eric Yesbick · License #361472 Show Phone

Source: Crexi

Added: Mar 26 Changed: Oct 14 Last Checked: Oct 15 at 12:14AM

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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 1 KEY REALTY LLC

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Investment Insights

Based on property information with market context.

This storefront property comprises two lots, with a main building featuring hardwood floors and central air conditioning. Ceiling fans are also identified among the interior features. A two-story storage shed stands behind the building, while parking is provided in an adjoining area and on both sides of the structure.

Constructed in 1937, the property is located at 1213 Dawson in Albany, Georgia. Access context includes a city road, paved road, and state road, with commuter bus service also identified. Exterior classifications include business, commercial, and office/professional uses.

Key Highlights

• Two lots included with the storefront property
• Main building features hardwood flooring
• Two‑story storage shed located behind the main building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,796

Cap Rate

6.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$195,920 $195.9K

Cap Rate 7%

$139,943 $139.9K

Cap Rate 9%

$108,844 $108.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,303 SF

Gross rent

$15.6K $12.00/SF

− Vacancy

−$1.6K −$1.26/SF

EGI

$14.0K $10.74/SF

− OpEx

−$4.2K −$3.22/SF

NOI

$9.8K $7.52/SF

Area

Dougherty County, GA

Vacancy

10.50%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$195,920

Cap Rate 7%

$139,943

Cap Rate 9%

$108,844

Alternative Uses

Best Use

Retail

$139.9K

$122.5K – $163.3K (±1% cap)

NOI $9,796 @ 7.0% cap · market cap 6.12%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$256.4K

$224.4K – $299.2K (±1% cap)

NOI $17,950 @ 7.0% cap · market cap 11.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

The Primrose Antiques Furniture & Home Goods Bracy The Celebrity Barber Barber Shop Optimum Beauty and Barber Hair Salon Greg, Master Barber Barber Shop Dynamic Creations Barber Shop

Suggested Use

Top Pick Real Estate Agency Bakery Skin Care Clinic Carpet & Flooring Store Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

776

Businesses Nearby

123k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 63% Shops & Services 29% Office Supplies 7% Hotels & Casinos 1%

Zaxby's Chicken Fingers & Buffalo Wings Dining

20,441 visits/mo 0.4 miles

Dollar Tree Shops & Services

17,588 visits/mo 0.4 miles

Krispy Kreme Doughnuts Dining

16,600 visits/mo 0.4 miles

Cook Out Dining

16,124 visits/mo 0.3 miles

Wendy's Dining

15,816 visits/mo 0.4 miles

Demographics for 31707, GA

24,623

Population

12,652

Households

1.9

Avg Household Size

38

Median Age

27%

College-Educated

88%

High-School Grad

18.4 sq mi

ZIP Area

1,338

Density / Sq Mi

$49,179

Median Household Income

$37,878

Median Earnings

$934

Median Rent

$131,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Central air, hardwood flooring, and parking on both sides support a practical commercial layout.

Where is this storefront property located?

The property is located at 1213 Dawson Albany, GA.

What is the asking price?

The asking price for this property is $160,000.

What are key features of this property?

This property features: Two lots included with the storefront property; Main building features hardwood flooring; Two‑story storage shed located behind the main building