Two-Story Brick Medical Office
410 Society Avenue W Albany, GA 31701
410 Society Avenue W, Albany, GA, 31701
Contact for pricing
For Sale
Contact for pricing
Two-story brick building offers multiple offices and bathrooms, with updated central HVAC and a new roof.
Property Size2,822 SF
Price / SF$115.17
Days on Market112
Property Features for 410 Society Avenue W
General Information
- Standard status
- Active
- Size
- 2,822 SF
- Property subtype
- Office
Building Details
- Year Built
- 1948
Listing agency
RE/MAX OF ALBANY
(229) 317-4290
Listed by
Karen Richter · License #213956
Source
Crexi
Added: Apr 2 Updated: Jul 20 at 7:15PM Checked: Jul 21 at 11:16AM
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 RE/MAX OF ALBANY
Investment Insights
Based on property information with market context.
This two-story brick commercial building is designed for professional use and features multiple spacious office rooms and multiple bathrooms across both levels. Interior details include high ceilings with crown molding, original hardwood floors on both floors, and a unique marble fireplace. A sun room provides an additional break area for employees. The property is described as move-in-ready, with recent improvements including a new roof, updated central HVAC, and professional landscaping.
Zoned C5, the building is described as qualifying for an office-institutional-residential district. The property includes a carport and ample parking, along with an original stone fence along the rear of the lot for added security and privacy.
Externally, the building sits on a sizable Society Avenue lot and is presented as a restored historic structure with modern updates.
Zoned C5, the building is described as qualifying for an office-institutional-residential district. The property includes a carport and ample parking, along with an original stone fence along the rear of the lot for added security and privacy.
Externally, the building sits on a sizable Society Avenue lot and is presented as a restored historic structure with modern updates.
Key Highlights
- 1948 two‑story brick building with multiple office rooms and multiple bathrooms across both levels
- Zoned C5, qualifying for an office‑institutional‑residential district
- Original hardwood floors on both levels and high ceilings with crown molding
Local Financial Insights For Office B
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 | $42.3k | $15.00 |
| − Vacancy | −$9.3k | −$3.30 |
| EGI | $33.0k | $11.70 |
| − OpEx | −$8.3k | −$2.93 |
| NOI | $24.8k | $8.78 |
2,822 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$353.8K
$309.5K – $412.7K
NOI $24,763 @ 7.0% cap · market cap 7.62%
Second Best
Healthcare Medical
$350.7K
$306.9K – $409.2K
NOI $24,550 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$555.4K
$486.0K – $647.9K
NOI $38,876 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - Two-story brick building offers multiple offices and bathrooms, with updated central HVAC and a new roof.
Where is this medical office space located?
The property is located at 410 Society Avenue W Albany, GA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1948 two‑story brick building with multiple office rooms and multiple bathrooms across both levels; Zoned C5, qualifying for an office‑institutional‑residential district; Original hardwood floors on both levels and high ceilings with crown molding
