Former Bank Building with
For Sale
$2,100,000
1444 Watson Blvd, Warner Robins, GA 31093
Two-story brick former bank includes teller space, vaults, and drive-through facilities.
Property Size10,760 SF
Price / SF$195.17
Days on Market75
Property Features for 1444 Watson Blvd
General Information
Standard status
Active
Size
10,760 SF
Additional Details
Highway Access
Yes
Amenities
vaults/safes
safe deposit boxes
teller stations
drive-through facilities
audio and visual security systems
elevator access
conference areas
private offices
open workspace configurations
Building Details
Stories
2
Construction
brick
Listing Agency:
HOUSE TO HOME PROPERTIES AND COMMERCIAL SALES LLC
(478) 227-4452
Listed By:
Craig Gordon · License #257259
(478) 714-2528
Source:
Exprealty
Added: Jun 23
Changed: Aug 20
Last Checked: Sep 4 at 1:39PM
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 HOUSE TO HOME PROPERTIES AND COMMERCIAL SALES LLC
Investment Insights
Based on property information with market context.
This two-story brick building was previously used as a bank and offers flexible interior space suited to a range of office, medical, professional, government, retail, and redevelopment needs. The property includes existing bank infrastructure such as two large vaults/safes, safe deposit boxes, teller stations, audio and visual security systems, elevator access, conference areas, private offices, and open workspace configurations. Drive-through facilities are also in place, supporting users that require a customer service or service-window component. The building is offered as ready for custom build-out to meet tenant or owner-user requirements.
Located on Watson Blvd in Warner Robins, the property is described as minutes from Robins Air Force Base and Interstate 75. It is also adjacent to Emory Hospital, providing high visibility and convenient access for prospective occupants.
Overall, the site presents a turnkey foundation for an owner-user or tenant seeking to repurpose a former financial facility with substantial existing improvements already in place.
Located on Watson Blvd in Warner Robins, the property is described as minutes from Robins Air Force Base and Interstate 75. It is also adjacent to Emory Hospital, providing high visibility and convenient access for prospective occupants.
Overall, the site presents a turnkey foundation for an owner-user or tenant seeking to repurpose a former financial facility with substantial existing improvements already in place.
Key Highlights
- Former bank building at 1444 Watson Blvd with approx. 11,000 SF of flexible two‑story brick space.
- Includes two large vaults/safes and safe deposit boxes, along with teller stations and teller‑ready infrastructure.
- Drive‑through facilities plus audio and visual security systems.
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
$134,803
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
6.42%
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%
$2,696,060
$2.7M
Cap Rate 7%
$1,925,757
$1.9M
Cap Rate 9%
$1,497,811
$1.5M
Market Conditions
NOI Build-Up for 10,760 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
$210.5K $19.56/SF
− Vacancy
−$17.9K −$1.66/SF
EGI
$192.6K $17.90/SF
− OpEx
−$57.8K −$5.37/SF
NOI
$134.8K $12.53/SF
Area
Houston County, GA
Vacancy
8.50%
Lease Rate
$19.56 /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%
$2,696,060
Cap Rate 7%
$1,925,757
Cap Rate 9%
$1,497,811
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $134,803 @ 7.0% cap · market cap 6.42%
Second Best
Healthcare Medical
$1.81M
$1.59M – $2.11M
NOI $126,888 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,567 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Explore this area
Business Placement
Demographics for 31093, GA
28,614
Population
13,275
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
20.4 sq mi
ZIP Area
1,403
Density / Sq Mi
$48,186
Median Household Income
$32,542
Median Earnings
$966
Median Rent
$137,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Two-story brick former bank includes teller space, vaults, and drive-through facilities.
Where is this bank located?
The property is located at 1444 Watson Blvd Warner Robins, GA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Former bank building at 1444 Watson Blvd with approx. 11,000 SF of flexible two‑story brick space.; Includes two large vaults/safes and safe deposit boxes, along with teller stations and teller‑ready infrastructure.; Drive‑through facilities plus audio and visual security systems.
