Albany Commercial Property Package
2007 SW Gillionville Road, Albany, GA 31707
Commercial building and vacant lots with redevelopment potential in Albany.
Type:Land
Property size:
4,024 SFPrice / SF:
$148/SF- Added:
- Mar 19, 2026
- Days on Market:
- 69
- Last Refresh:
- Mar 22 at 8:23 pm
Property Features for 2007 SW Gillionville Road
General Information
- Standard status
- Active
- Size
- 4,024 SF
- Property subtype
- Land
Building Details
- Year Built
- 2007
Listing agent GUY JOINER License #Georgia 437459
Listing office Giovingo Properties
Listing date Mar 19, 2026
Source Crexi
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 Giovingo Properties
HighLights
- Three commercial parcels included in the sale: 2007, 2001, and 2003 Gillionville Rd.
- Excellent visibility and commercial zoning.
- Existing commercial building (built in 2007) formerly operated as a grocery store with a pharmacy.
- Two vacant, side‑by‑side lots adjacent to the main building offer expansion or redevelopment potential.
- Current month‑to‑month lease provides immediate income potential.
- Flexible potential for retail, service, or redevelopment use.
Overview
This commercial property package in Albany, GA, features an existing commercial building at 2007 Gillionville Rd, currently leased to a church on a month-to-month basis. The sale includes a deed restriction prohibiting its use as a convenience store or gas station. Previously operated as a grocery store with a pharmacy, the building offers flexible potential for retail, service, or redevelopment. The sale also encompasses two adjacent vacant commercial parcels at 2001 and 2003 Gillionville Rd, providing opportunities for expansion, redevelopment, or additional income. The properties are sold as a package deal only, including three parcels: 2007 Gillionville Rd (Parcel: 000PP/00023/001), 2001 Gillionville Rd (Parcel: 000PP/00023/004), and 2003 Gillionville Rd (Parcel: 000PP/00023/003). The existing building has a size of 4024 square feet. The property benefits from excellent visibility and commercial zoning, making it suitable for investors, owner-operators, or redevelopment projects.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$336.1K
NOI $30,252 @ 9.00% cap · cautious / downside scenario
Moderate
$432.2K
NOI $30,252 @ 7.00% cap · market / base-case scenario
Aggressive
$605.0K
NOI $30,252 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $12.00 |
| − Vacancy | −$5.1k | −$1.26 |
| EGI | $43.2k | $10.74 |
| − OpEx | −$13.0k | −$3.22 |
| NOI | $30.3k | $7.52 |
4,024 SF · lease $12.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$432.2K
$378.2K – $504.2K
NOI $30,252 @ 7.0% cap · market cap 5.05%
Second Best
Specialty Retail
$409.9K
$358.6K – $478.2K
NOI $28,690 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$791.9K
$692.9K – $923.9K
NOI $55,435 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Knights of Columbus
Volunteer Organization
Halbrook Beal M
Pharmacy
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Dougherty
- State
- Georgia
- Longitude
- -84.198358
- Latitude
- 31.581999
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Commercial building and vacant lots with redevelopment potential in Albany.
Where is this grocery and convenience store located?
The property is located at 2007 SW Gillionville Road Albany, GA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three commercial parcels included in the sale: 2007, 2001, and 2003 Gillionville Rd.; **Excellent visibility and commercial zoning.**; Existing commercial building (built in 2007) formerly operated as a grocery store with a pharmacy.
