Professional Office Building with
For Sale
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1717 Russell Parkway, Warner Robins, GA 31088
Commercially zoned office building with private offices, conference room, restrooms, and ample on-site parking.
Property Size7,284 SF
Lot Size1.08 Acres
Price / SF$164.74
Days on Market88
Property Features for 1717 Russell Parkway
General Information
Standard status
Active
Size
7,284 SF
Class
B
Lot size
1.08 Acres
Property subtype
Office
Zoning
C-2 (Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1986
Buildings
1
Listing Agency:
The Summit Group
Listed By:
Payton Horton · License #436483
Source:
Crexi
Added: Jun 10
Changed: Aug 13
Last Checked: Sep 4 at 8:50AM
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 The Summit Group
Investment Insights
Based on property information with market context.
1717 Russell Parkway is a commercial office building built in 1986, offering a functional professional layout suited to a range of business needs. The space includes nine private offices, a conference room, a kitchenette/break area, seven storage closets, and separate men’s and women’s restrooms. A private executive suite is also included, with its own bathroom and closet.
The property sits on approximately 1.08 acres along Russell Parkway, described as one of Warner Robins’ busiest commercial corridors. The site provides strong visibility, accessibility, and exposure to daily traffic counts, with ample on-site parking for employees and visitors.
Zoned C-2 (Commercial), the building is positioned for an owner-occupant or investment use.
The property sits on approximately 1.08 acres along Russell Parkway, described as one of Warner Robins’ busiest commercial corridors. The site provides strong visibility, accessibility, and exposure to daily traffic counts, with ample on-site parking for employees and visitors.
Zoned C-2 (Commercial), the building is positioned for an owner-occupant or investment use.
Key Highlights
- Commercial C‑2 zoned office building built in 1986 on approx. 1.08 acres
- Approx. 7,284 SF building with a professional office layout for a variety of business uses
- Includes nine private offices plus a conference room and kitchenette/break area
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
$76,333
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
6.36%
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%
$1,526,660
$1.5M
Cap Rate 7%
$1,090,471
$1.1M
Cap Rate 9%
$848,144
$848.1K
Market Conditions
NOI Build-Up for 7,284 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
$124.1K $17.04/SF
− Vacancy
−$22.3K −$3.07/SF
EGI
$101.8K $13.97/SF
− OpEx
−$25.4K −$3.49/SF
NOI
$76.3K $10.48/SF
Area
Houston County, GA
Vacancy
18.00%
Lease Rate
$17.04 /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%
$1,526,660
Cap Rate 7%
$1,090,471
Cap Rate 9%
$848,144
Alternative Uses
Best Use
Office B
$1.09M
$954.2K – $1.27M
NOI $76,333 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,050 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 31088, GA
57,034
Population
24,167
Households
2.4
Avg Household Size
36
Median Age
36%
College-Educated
94%
High-School Grad
29.4 sq mi
ZIP Area
1,940
Density / Sq Mi
$81,507
Median Household Income
$44,764
Median Earnings
$1,224
Median Rent
$189,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned office building with private offices, conference room, restrooms, and ample on-site parking.
Where is this office building located?
The property is located at 1717 Russell Parkway Warner Robins, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Commercial C‑2 zoned office building built in 1986 on approx. 1.08 acres; Approx. 7,284 SF building with a professional office layout for a variety of business uses; Includes nine private offices plus a conference room and kitchenette/break area
