Add Listing
    For Sale
    • 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

    204 Westover Blvd Albany, GA 31707

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

    Two-story office building with ample parking in NW Albany.

    Property size:
    6,177 SF
    Lot size:
    0.69 Acres

    Property Features for 204 Westover Blvd

    General Information

    Standard status
    Active
    Size
    6,177 SF
    Lot size
    0.69 Acres

    Building Details

    Year built
    1995

    We can help!

    Listing Contact
    Callie Walker
    Source: Crexi

    Listing Agency: Hughey & Neuman, Inc Listing Agent: Callie Walker

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

    Learn more

    Overview

    Commercial Office Building For Sale

    This two-story commercial office building, located in Northwest Albany, offers 6,177 square feet of space and ample parking. Currently used as professional office space, the first floor features a reception office, break room, IT/storage room, 10 large offices, and 10 small offices. The upstairs area includes a large conference room, 10 large offices, and 2 small offices. An entrance at the back of the building allows for the opportunity to sub-divide the property into two usable spaces. The property benefits from excellent location and great visibility.
    Location Intelligence

    Current Use by Public Records

    Olusola Justin Ayankola Physician Pouria Farhadi Amiri Dental Office Laurie Lewis Midwife Kristi Swanson Midwife Nick Carden Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.2188525
    Latitude
    31.5917854

    Nearby Similar for Sale

    • $350,000
      4,478 SF

      Office/Event Space in Historical District

      4,478 SF office/event space in Albany's historical district.
      310 Tift Ave, Albany, GA 31701
      View Details
    • New
      $599,900
      2,000 SF

      Prime Commercial Location in Albany

      High-traffic corner lot suitable for various commercial developments.
      1307 Slappey Blvd N, Albany, GA 31707
      View Details
    • $1,200,000
      0.94 Acres

      Prime Commercial Strip in Albany

      Commercial strip with leasing opportunities and high traffic exposure.
      2820 Meredyth Dr, Albany, GA 31707
      View Details
    • $1,648,860
      Pending

      Albany Commercial Property with Warehouses

      Two parcels with warehouse and office space for sale.
      1020 Clark Ave, Albany, GA 31705
      View Details
    • $1,150,000
      5.52 Acres

      Spacious Office Building on 5.5 Acres

      Large one-level office building in northwest Albany, Georgia.
      3005 Old Dawson Rd, Albany, GA 31721
      View Details
    • $1,495,000
      1.06 Acres

      Remodeled Commercial Building on Oglethorpe

      Remodeled 8,300 SF commercial building with high visibility.
      1600 Oglethorpe Blvd, Albany, GA 31705
      View Details
    • New
      $42,000
      Pending

      Albany Office Building For Sale

      Commercial office building in a well-positioned location, great investment.
      506 Oglethorpe Blvd, Albany, GA 31701
      View Details
    • $239,900
      Pending

      Albany Tire Shop For Sale

      Operating tire shop with equipment, bays, and storage. Corner lot.
      1400 West Broad Avenue Aly, Albany, GA 31701
      View Details
    • $110,000
      1.52 Acres

      Commercial Building on Westover Blvd

      3,000 sq ft commercial building with road frontage.
      805 Westover Blvd, Albany, GA 31707
      View Details
    • $205,000
      2,041 SF

      Profitable Day Care Center Business

      Turn-key day care center in Albany, GA. Licensed for 34.
      1002 10Th Ave, Albany, GA 31701
      View Details
    • $695,745
      Pending

      Albany Commercial Property with Trucking Features

      22-acre commercial property equipped for trucking business in Albany, GA.
      1905 Radium Springs Rd, Albany, GA 31705
      View Details
    • $549,000
      27,938 SF

      Albany Warehouse on Broad Avenue

      27,938 SF warehouse on 1.75 acres for sale.
      233 E Broad Ave, Albany, GA 31705
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building with ample parking in NW Albany.
    Where is this office building located?
    The property is located at 204 Westover Blvd Albany, GA.
    What are key features of this property?
    This property features: - 6,000+ sq ft Commercial Office Building; - Excellent Location and Great Visibility in NW Albany; - Opportunity to Sub-divide into Two Usable Spaces with Separate Entrance
    Request Owner's contact information
    204 Westover Blvd Albany, GA 31707
    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.
    204 Westover Blvd
    Albany, GA 31707
    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
    204 Westover Blvd Albany, GA 31707
    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!
    Listing Contact
    Callie Walker
    Real Estate License ID: 335543
    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!