Albany Commercial Property Package
For Sale
Contact for pricing
2007 SW Gillionville Road, Albany, GA 31707
Commercial building and vacant lots with redevelopment potential in Albany.
Property Size4,024 SF
Price / SF$147.86
Days on Market134
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 Agency:
Giovingo Properties
Listed By:
GUY JOINER · License #Georgia 437459
Source:
Crexi
Added: Mar 19
Changed: Jul 10
Last Checked: Jul 26 at 4:49AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights For Retail
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 | $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 Uses
Best Use
Retail
$432.2K
$378.2K – $504.2K
NOI $30,252 @ 7.0% cap · market cap 5.08%
Second Best
Specialty Retail
$409.9K
$358.6K – $478.2K
NOI $28,690 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$791.9K
$692.9K – $923.9K
NOI $55,435 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31707, GA
24,623
Population
12,652
Households
1.9
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
18.4 sq mi
ZIP Area
1,338
Density / Sq Mi
$49,179
Median Household Income
$37,878
Median Earnings
$934
Median Rent
$131,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 $595,000.
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.
