Retail Showroom for
For Sale
Contact for pricing
2401 N Slappey Blvd, Albany, GA 31701
For-sale retail showroom property at 2401 N Slappey Blvd in Albany, GA.
Property Size5,500 SF
Price / SF$163.64
Days on Market189
Property Features for 2401 N Slappey Blvd
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Sale/Leaseback
Net Operating Income
$72,000
Building Details
Year Built
1970
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Palomar Real Estate Group
Listed By:
Steve Collins · License #GA 317459
Source:
Crexi
Added: Mar 2
Changed: Aug 25
Last Checked: Sep 7 at 7:55AM
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 Palomar Real Estate Group
Investment Insights
Based on property information with market context.
This for-sale retail showroom property is offered at $900,000 and totals 5,500 square feet. The asset is positioned for a retail-oriented tenant looking for a dedicated showroom-style layout.
The property is located at 2401 N Slappey Blvd in Albany, Georgia. For more information or to schedule a showing, contact the listing team.
The property is located at 2401 N Slappey Blvd in Albany, Georgia. For more information or to schedule a showing, contact the listing team.
Key Highlights
- Retail showroom property at 2401 N Slappey Blvd in Albany, GA
- Built in 1970
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
$41,349
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
4.59%
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%
$826,980
$827.0K
Cap Rate 7%
$590,700
$590.7K
Cap Rate 9%
$459,433
$459.4K
Market Conditions
NOI Build-Up for 5,500 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
$66.0K $12.00/SF
− Vacancy
−$6.9K −$1.26/SF
EGI
$59.1K $10.74/SF
− OpEx
−$17.7K −$3.22/SF
NOI
$41.3K $7.52/SF
Area
Dougherty County, GA
Vacancy
10.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
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%
$826,980
Cap Rate 7%
$590,700
Cap Rate 9%
$459,433
Alternative Uses
Best Use
Retail
$590.7K
$516.9K – $689.2K
NOI $41,349 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$947.1K – $1.26M
NOI $75,768 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
120k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Dining 24%
Shops & Services 18%
Apparel 8%
Walmart Neighborhood Market
Groceries
40,757 visits/mo
0.3 miles
McDonald's
Dining
21,786 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
14,949 visits/mo
0.1 miles
Goodwill
Apparel
9,745 visits/mo
0.5 miles
Dollar General
Shops & Services
7,269 visits/mo
0.4 miles
Demographics for 31701, GA
18,133
Population
9,535
Households
1.9
Avg Household Size
39
Median Age
17%
College-Educated
81%
High-School Grad
21.2 sq mi
ZIP Area
855
Density / Sq Mi
$32,902
Median Household Income
$31,489
Median Earnings
$812
Median Rent
$97,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For-sale retail showroom property at 2401 N Slappey Blvd in Albany, GA.
Where is this retail space located?
The property is located at 2401 N Slappey Blvd Albany, GA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Retail showroom property at 2401 N Slappey Blvd in Albany, GA; Built in 1970
