1880 Watson Boulevard, Warner Robins, GA 31093

Building Details

Year Built 2001 More

Listing Agency: The Summit Group

Listed By: Allie Grambling · License GA #416351 Show Phone

Source: Crexi

Added: Nov 5 Changed: Nov 8 Last Checked: Nov 10 at 8:55AM

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Investment Insights

Based on property information with market context.

The former Walgreens property at 1880 Watson Boulevard in Warner Robins contains approximately 14,392 square feet on 1.96 acres. Built in 2001, the commercial-zoned site includes on-site parking and offers substantial building area for commercial use.

The property sits near the Watson Boulevard and South Houston Lake Road intersection. Reported daily traffic is approximately 35,100 vehicles on Watson Boulevard and 30,100 on South Houston Lake Road. More than 109,000 residents live within a five-mile radius, and the surrounding area includes national retailers, grocery stores, restaurants, and service businesses.

Key Highlights

• Approximately 14,392 square feet of building space on 1.96± acres
• Built in 2001; commercial zoning and on‑site parking
• Near the Watson Boulevard and South Houston Lake Road intersection

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$128,233

Cap Rate

5.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,564,660 $2.6M

Cap Rate 7%

$1,831,900 $1.8M

Cap Rate 9%

$1,424,811 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,392 SF

Gross rent

$233.2K $16.20/SF

− Vacancy

−$28.0K −$1.94/SF

EGI

$205.2K $14.26/SF

− OpEx

−$76.9K −$5.35/SF

NOI

$128.2K $8.91/SF

Area

Houston County, GA

Vacancy

12.00%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,564,660

Cap Rate 7%

$1,831,900

Cap Rate 9%

$1,424,811

Alternative Uses

Best Use

Mixed Use

$1.83M

$1.60M – $2.14M (±1% cap)

NOI $128,233 @ 7.0% cap · market cap 5.13%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.11M

$2.72M – $3.62M (±1% cap)

NOI $217,441 @ 7.0% cap · market cap 8.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Walgreens Pharmacy Western Union Bank Cardtronics ATM Atm Redbox Cinema COVID-19 Drive-Thru Testing ... Medical Laboratory

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Restaurant Auto Parts Store Dental Office HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

35,100 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

716

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial zoning and on-site parking support a range of commercial operations.

Where is this mixed-use property located?

The property is located at 1880 Watson Boulevard Warner Robins, GA.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Approximately 14,392 square feet of building space on 1.96± acres; Built in 2001; commercial zoning and on‑site parking; Near the Watson Boulevard and South Houston Lake Road intersection