Corner Lot Brick Office
1612 Slappey Blvd N Albany, GA 31701
1612 Slappey Blvd N, Albany, GA, 31701
$125,000
For Sale
$125,000
Brick office building with central heating and cooling, featuring 7 offices, reception, and on-site parking.
Property Size1,023 SF
Price / SF$122.19
Days on Market220
Property Features for 1612 Slappey Blvd N
General Information
- Standard status
- Active
- Size
- 1,023 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1950
Listing agency
COLDWELL BANKER WALDEN & KIRKLAND
(229) 291-1565
Listed by
Pam Nelson
(229) 291-1565
Source
Xome
Added: Dec 14, 2025 Updated: Jul 22 at 8:03AM Checked: Jul 22 at 8:03AM
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.
Brick office building on a corner lot offering central heated and cooled office space. The interior includes seven offices, a reception area, a half bath, a storage area, and an additional outside covered storage area that is enclosed for an HVAC unit.
The property is positioned on a high-volume commercial corridor and serves as a major commuter route in Albany. It provides convenient access to Phoebe Putney Hospital, grocery stores, retail shopping, and major routes including the HWY 19/82 bypass. Reported daily traffic volume is between 15,000 and 20,000 vehicles per day, supporting visibility for professional office use.
An adequate concrete parking area is located behind the building to support customer or employee parking needs.
The property is positioned on a high-volume commercial corridor and serves as a major commuter route in Albany. It provides convenient access to Phoebe Putney Hospital, grocery stores, retail shopping, and major routes including the HWY 19/82 bypass. Reported daily traffic volume is between 15,000 and 20,000 vehicles per day, supporting visibility for professional office use.
An adequate concrete parking area is located behind the building to support customer or employee parking needs.
Key Highlights
- Brick commercial office building on a corner lot with Commercial zoning
- 1023 SF of centrally heated and cooled office space
- Layout includes 7 offices plus a reception area and a half bath
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 | $15.3k | $15.00 |
| − Vacancy | −$3.4k | −$3.30 |
| EGI | $12.0k | $11.70 |
| − OpEx | −$3.0k | −$2.93 |
| NOI | $9.0k | $8.78 |
1,023 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$128.2K
$112.2K – $149.6K
NOI $8,977 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.3K
$176.2K – $234.9K
NOI $14,093 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Real Estate Center ...
Real Estate Agency
Standard Homes of Albany ...
Construction Company
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FAQs
What type of property is this?
Office building - Brick office building with central heating and cooling, featuring 7 offices, reception, and on-site parking.
Where is this office building located?
The property is located at 1612 Slappey Blvd N Albany, GA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Brick commercial office building on a corner lot with Commercial zoning; 1023 SF of centrally heated and cooled office space; Layout includes 7 offices plus a reception area and a half bath
