Live-Work Property with Office
New
For Sale
$89,900
1600 Maple Street N, Albany, GA 31701
Commercial Sale, Albany, GA
Property Size1,296 SF
Lot Size0.25 Acres
Price / SF$69.37
Days on Market4
Property Features for 1600 Maple Street N
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From NW Albany, take bypass to the Blaylock exit. Turn left at the top of the ramp. Right onto Blaylock. Left onto Maple. Home on right.
Subdivision
Northeast Albany
Standard status
Active
APN
0000K/00018/001
Size
1,296 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Same as recorded in Deed Book 5192 Page 80, Dougherty County, GA
Tax Annual Amount
1159
Legal Description
Same as recorded in Deed Book 5192 Page 80, Dougherty County, GA
Building Details
Year built
1960
Floors in Building
1
Number of units
1
Listing Agency:
ERA ALL IN ONE REALTY · ERA Real Estate
(229) 888-6670
Listed By:
Amanda Wiley & Kyla Standring Team · License #309999
(229) 888-6653
Added: Sep 8
Last Checked: Sep 11 at 11:06AM
MLS# 169911
Copyright © 2026 Albany Board of Realtors and Southwest Georgia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,296-square-foot live-work property in Albany combines residential and office components within a flexible layout. The primary area includes a living room, den, three bedrooms, two full bathrooms, a kitchen with updated cabinetry, and a separate entrance serving a reception area plus two private offices. A new metal roof, carport, wall-mounted HVAC unit, and existing ductwork are also in place. The property was built in 1960 and sits on 0.25 acres.
C-5 zoning supports office, institutional, and residential uses, subject to applicable requirements and verification with Albany Planning & Development. Potential applications identified for the district include professional office, healthcare-related office, daycare, veterinary clinic, residential, group or senior housing, and bed-and-breakfast use. The property does not have a central heating and air system.
C-5 zoning supports office, institutional, and residential uses, subject to applicable requirements and verification with Albany Planning & Development. Potential applications identified for the district include professional office, healthcare-related office, daycare, veterinary clinic, residential, group or senior housing, and bed-and-breakfast use. The property does not have a central heating and air system.
Key Highlights
- C‑5 zoning supports office, institutional, and residential uses, subject to applicable requirements
- 1,296 SF property on 0.25 acres
- Residential area includes 3 bedrooms, 2 full bathrooms, living room, den, and kitchen
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
$7,271
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
8.09%
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%
$145,420
$145.4K
Cap Rate 7%
$103,871
$103.9K
Cap Rate 9%
$80,789
$80.8K
Market Conditions
NOI Build-Up for 1,296 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
$13.2K $10.20/SF
− Vacancy
−$1.6K −$1.22/SF
EGI
$11.6K $8.98/SF
− OpEx
−$4.4K −$3.37/SF
NOI
$7.3K $5.61/SF
Area
Dougherty County, GA
Vacancy
12.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
37.50%
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%
$145,420
Cap Rate 7%
$103,871
Cap Rate 9%
$80,789
Alternative Uses
Best Use
Office B
$162.5K
$142.2K – $189.5K
NOI $11,372 @ 7.0% cap · market cap 12.65%
Second Best
Mixed Use
$103.9K
$90.9K – $121.2K
NOI $7,271 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$255.1K
$223.2K – $297.6K
NOI $17,854 @ 7.0% cap · market cap 19.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Live-work space - Flexible layout combines residential rooms with a separate reception area and private offices under C-5 zoning.
Where is this live-work space located?
The property is located at 1600 Maple Street N Albany, GA.
What is the asking price?
The asking price for this property is $89,900.
What are key features of this property?
This property features: C‑5 zoning supports office, institutional, and residential uses, subject to applicable requirements; 1,296 SF property on 0.25 acres; Residential area includes 3 bedrooms, 2 full bathrooms, living room, den, and kitchen
