Storefront With Storage
For Sale
$175,000
1213 Dawson, Albany, GA 31707
Central air, hardwood flooring, and parking on both sides support a practical commercial layout.
Property Size1,303 SF
Price / SF$134.31
Days on Market185
Property Features for 1213 Dawson
General Information
Standard status
Active
Size
1,303 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$2,708
Amenities
Central Air, Ceiling Fan(s)
3
Business,Commercial,Office/Prof
Other, Commuter Bus, City Road, Paved Road, State Road.
Building Details
Year Built
1937
Buildings
2
Listing Agency:
1 KEY REALTY LLC
(229) 881-5980
Listed By:
Eric Yesbick
(229) 881-5980
Source:
Xome
Added: Feb 26
Changed: Aug 30
Last Checked: Aug 30 at 6:32AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,796
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$195,920
$195.9K
Cap Rate 7%
$139,943
$139.9K
Cap Rate 9%
$108,844
$108.8K
Market Conditions
NOI Build-Up for 1,303 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $9,796 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.4K
$224.4K – $299.2K
NOI $17,950 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $175,000.
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
