Large Office Building with
127 N Westover Blvd Albany, GA 31707
127 N Westover Blvd, Albany, GA, 31707
Contact for pricing
For Sale
Contact for pricing
Large commercial office building offering ample parking and plenty of office space within the building.
Property Size5,322 SF
Price / SF$108.04
Days on Market94
Property Features for 127 N Westover Blvd
General Information
- Standard status
- Active
- Size
- 5,322 SF
- Property subtype
- Land
Building Details
- Year Built
- 1979
Listing agency
WILLCOX REALTY COMPANY
Listed by
Allan Willcox · License #201128
Source
Crexi
Added: Apr 20 Updated: Jul 21 at 5:09PM Checked: Jul 21 at 5:09PM
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 WILLCOX REALTY COMPANY
Investment Insights
Based on property information with market context.
This large commercial building is set up to accommodate multiple office users, with plenty of office space throughout the property. The offering also includes ample parking, which supports everyday employee and visitor access.
The property is located at 127 N Westover Blvd in Albany, Georgia. It is presented for sale and is described as a commercial office building with substantial parking amenities.
The property is located at 127 N Westover Blvd in Albany, Georgia. It is presented for sale and is described as a commercial office building with substantial parking amenities.
Key Highlights
- Large commercial office building built in 1979
- Ample on‑site parking
- Plenty of office spaces within the building
Local Financial Insights For Office B
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 | $79.8k | $15.00 |
| − Vacancy | −$17.6k | −$3.30 |
| EGI | $62.3k | $11.70 |
| − OpEx | −$15.6k | −$2.93 |
| NOI | $46.7k | $8.78 |
5,322 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$667.2K
$583.8K – $778.4K
NOI $46,701 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$916.5K – $1.22M
NOI $73,316 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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Consultant
Hedrick William
Law Firm
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FAQs
What type of property is this?
Office building - Large commercial office building offering ample parking and plenty of office space within the building.
Where is this office building located?
The property is located at 127 N Westover Blvd Albany, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Large commercial office building built in 1979; Ample on‑site parking; Plenty of office spaces within the building
