Coffee Shop with Office
For Sale
$650,000
212 N Washington Street, Albany, GA 31701
Commercial building with office areas, central air, and a prior church-related use.
Property Size6,448 SF
Price / SF$100.81
Days on Market607
Property Features for 212 N Washington Street
General Information
Standard status
Active
Size
6,448 SF
Property subtype
General Commercial
Amenities
Central Air
3
Business
City Road.
Building Details
Year Built
1975
Listing Agency:
COLDWELL BANKER WALDEN & KIRKLAND
(229) 343-3151
Listed By:
Mary Carter
(229) 343-3151
Source:
Xome
Added: Jan 1, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:38PM
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 COLDWELL BANKER WALDEN & KIRKLAND
Investment Insights
Based on property information with market context.
Located at 212 N Washington Street in Albany, Georgia, this 6,448-square-foot commercial property was built in 1975 and includes a coffee shop component along with office areas. Central air is among the interior features. The office portion has been used for church-related activities, providing a documented secondary use within the building. The property is positioned on a city road and is identified for commercial business use. Its existing configuration combines customer-facing space with offices in a single building, while the source information also identifies restaurant use as a possible direction for the property.
Key Highlights
- 6,448‑square‑foot commercial property
- Coffee shop component with office areas
- Central air included
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
$45,973
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
7.07%
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%
$919,460
$919.5K
Cap Rate 7%
$656,757
$656.8K
Cap Rate 9%
$510,811
$510.8K
Market Conditions
NOI Build-Up for 6,448 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
$65.8K $10.20/SF
− Vacancy
−$4.5K −$0.69/SF
EGI
$61.3K $9.51/SF
− OpEx
−$15.3K −$2.38/SF
NOI
$46.0K $7.13/SF
Area
Dougherty County, GA
Vacancy
6.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
25.00%
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%
$919,460
Cap Rate 7%
$656,757
Cap Rate 9%
$510,811
Alternative Uses
Best Use
Specialty Retail
$656.8K
$574.7K – $766.2K
NOI $45,973 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,828 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
46k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Hotels & Casinos 14%
Shops & Services 6%
Electronics 3%
Church's Chicken
Dining
11,668 visits/mo
0.3 miles
Burger King
Dining
11,624 visits/mo
0.4 miles
KFC
Dining
7,247 visits/mo
0.3 miles
Hilton Garden Inn Albany
Hotels & Casinos
5,316 visits/mo
0.2 miles
Waffle House
Dining
3,872 visits/mo
0.2 miles
Demographics for 31701, GA
18,133
Population
9,535
Households
1.9
Avg Household Size
39
Median Age
17%
College-Educated
81%
High-School Grad
21.2 sq mi
ZIP Area
855
Density / Sq Mi
$32,902
Median Household Income
$31,489
Median Earnings
$812
Median Rent
$97,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- CIVIC CENTER — 320 S Jackson St, Albany, GA 31701
- Hilton Garden Inn Coffee Shop — 101 S Front St, Albany, GA 31701
- Jethro's Coffee Co. & Community Center — 210 N Washington St, Albany, GA 31701
- Cornerstone Coffee + Co — 100 Pine Ave, Albany, GA 31701
Frequently Asked Questions
What type of property is this?
Coffee shop - Commercial building with office areas, central air, and a prior church-related use.
Where is this coffee shop located?
The property is located at 212 N Washington Street Albany, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 6,448‑square‑foot commercial property; Coffee shop component with office areas; Central air included
