Spa & Wellness Property with
For Sale
$450,000
342 Corder Road, Warner Robins, GA 31088
Wellness-oriented commercial building with an upstairs apartment and established massage clinic configuration.
Property Size2,822 SF
Price / SF$159.46
Days on Market227
Property Features for 342 Corder Road
General Information
Standard status
Active
Size
2,822 SF
Listing Agency:
RPI REAL ESTATE SERVICES
Listed By:
Bill Waldorf · License #182018
(478) 954-5665
Source:
Exprealty
Added: Mar 2
Changed: Oct 15
Last Checked: Oct 15 at 1:29AM
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 RPI REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This 2,822-square-foot spa and wellness property is currently configured as a massage clinic, providing an existing commercial setup for continued wellness-related use. An apartment occupies the upper level and is included with the building.
The property is located at 342 Corder Road in Warner Robins, Georgia. Its combination of commercial space and an upstairs residential component creates a distinctive two-level configuration within a single asset.
The property is located at 342 Corder Road in Warner Robins, Georgia. Its combination of commercial space and an upstairs residential component creates a distinctive two-level configuration within a single asset.
Key Highlights
- 2,822‑square‑foot spa and wellness property
- Currently configured as a massage clinic
- Upstairs apartment included with the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,355
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,100
$707.1K
Cap Rate 7%
$505,071
$505.1K
Cap Rate 9%
$392,833
$392.8K
Market Conditions
NOI Build-Up for 2,822 SF
Gross rent
$55.2K $19.56/SF
− Vacancy
−$4.7K −$1.66/SF
EGI
$50.5K $17.90/SF
− OpEx
−$15.2K −$5.37/SF
NOI
$35.4K $12.53/SF
Area
Houston County, GA
Vacancy
8.50%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,100
Cap Rate 7%
$505,071
Cap Rate 9%
$392,833
Alternative Uses
Best Use
Retail
$505.1K
$441.9K – $589.3K
NOI $35,355 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$609.1K
$533.0K – $710.6K
NOI $42,636 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
65k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Home Improvements & Furnishings 27%
Superstores 24%
Dining 12%
At Home
Home Improvements & Furnishings
17,643 visits/mo
0.3 miles
Big Lots
Superstores
15,598 visits/mo
0.5 miles
Bargain Hunt
Shops & Services
15,435 visits/mo
0.5 miles
Arby's
Dining
5,260 visits/mo
0.4 miles
Family Dollar
Shops & Services
4,249 visits/mo
0.5 miles
Demographics for 31088, GA
57,034
Population
24,167
Households
2.4
Avg Household Size
36
Median Age
36%
College-Educated
94%
High-School Grad
29.4 sq mi
ZIP Area
1,940
Density / Sq Mi
$81,507
Median Household Income
$44,764
Median Earnings
$1,224
Median Rent
$189,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Wellness-oriented commercial building with an upstairs apartment and established massage clinic configuration.
Where is this spa & wellness property located?
The property is located at 342 Corder Road Warner Robins, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,822‑square‑foot spa and wellness property; Currently configured as a massage clinic; Upstairs apartment included with the building
