Freestanding Retail with
2801 N Slappey Blvd Albany, GA 31763
2801 N Slappey Blvd, Albany, GA, 31763
$850,000
For Sale
$850,000
Freestanding building on a corner lot with a flexible open layout, refrigeration, and a six-lane drive-thru.
Property Size4,500 SF
Lot Size1.34 Acres
Price / SF$188.89
Days on Market87
Property Features for 2801 N Slappey Blvd
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 1.34 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1993
Listing agency
Southeastern Land Group
(229) 869-5541
Listed by
Guy Joiner
(229) 869-5541
Source
Xome
Added: Apr 26 Updated: Jul 21 at 11:57AM Checked: Jul 21 at 11:57AM
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 Southeastern Land Group
Investment Insights
Based on property information with market context.
Freestanding commercial building on a corner-style lot with a flexible open layout and multiple glass-door coolers. The property includes walk-in refrigeration and a drive-thru configured for six lanes. The building is currently operating as Drip Drop Liquors and is described as highly adaptable based on a prior bank use.
The site offers strong road frontage and visibility with exposure to approximately 19,000 vehicles per day, per the seller’s remarks. Located near US-19 and US-82, it is described as minutes from Albany Mall and downtown Albany.
With the existing configuration for retail and service access, the property is positioned for a range of commercial uses as noted in the remarks, including retail, restaurant, medical, office, or redevelopment.
The site offers strong road frontage and visibility with exposure to approximately 19,000 vehicles per day, per the seller’s remarks. Located near US-19 and US-82, it is described as minutes from Albany Mall and downtown Albany.
With the existing configuration for retail and service access, the property is positioned for a range of commercial uses as noted in the remarks, including retail, restaurant, medical, office, or redevelopment.
Key Highlights
- 7,169 SF freestanding commercial building on a 1.34‑acre corner‑style lot
- Approx. 19,000 vehicles per day on N Slappey Blvd for visibility and exposure
- Flexible open layout with multiple glass‑door coolers and walk‑in refrigeration
Local 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 | $54.0k | $12.00 |
| − Vacancy | −$5.7k | −$1.26 |
| EGI | $48.3k | $10.74 |
| − OpEx | −$14.5k | −$3.22 |
| NOI | $33.8k | $7.52 |
4,500 SF · lease $12.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$483.3K
$422.9K – $563.9K
NOI $33,831 @ 7.0% cap · market cap 3.98%
Second Best
Specialty Retail
$458.3K
$401.1K – $534.7K
NOI $32,084 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$885.6K
$774.9K – $1.03M
NOI $61,992 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding building on a corner lot with a flexible open layout, refrigeration, and a six-lane drive-thru.
Where is this retail space located?
The property is located at 2801 N Slappey Blvd Albany, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 7,169 SF freestanding commercial building on a 1.34‑acre corner‑style lot; Approx. 19,000 vehicles per day on N Slappey Blvd for visibility and exposure; Flexible open layout with multiple glass‑door coolers and walk‑in refrigeration
