Updated Historic Office
For Sale
$215,000
414 Society Avenue W, Albany, GA 31701
Commercial Sale, Albany, GA
Property Size1,400 SF
Lot Size0.27 Acres
Price / SF$153.24
Days on Market138
Property Features for 414 Society Avenue W
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Jefferson, turn on 400 block of W Society, home on the left.
Subdivision
Northeast Albany
Standard status
Active
APN
000CC/00021/016
Size
1,403 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Blk 67, Lot RT 40, Dougherty Co GA
Tax Annual Amount
790
Legal Description
Blk 67, Lot RT 40, Dougherty Co GA
Amenities
full kitchen/break area
two bathrooms
rock privacy fence
Building Details
Year built
1930
Floors in Building
1
Number of units
1
Listing Agency:
RE/MAX OF ALBANY · RE/MAX International
(229) 434-1600
Listed By:
Karen Richter
(229) 854-3730
Added: Jun 9
Changed: Oct 20
Last Checked: Oct 24 at 12:06PM
MLS# 169321
Copyright © 2026 Albany Board of Realtors and Southwest Georgia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office property occupies a 0.27-acre lot and dates to 1930, combining historic character with recent interior improvements. The layout includes multiple private offices, a full kitchen and break area, two bathrooms with tile flooring, hardwood floors, and updated fixtures and finishes. On-site parking and a rock privacy fence along the rear of the lot add practical site features.
The property is located near Phoebe Putney Hospital, the Dougherty County Courthouse, and The St. Nicholas hotel in Albany. Its office configuration provides a functional setting for professional operations, consulting, boutique businesses, or other commercial uses identified for the property.
The property is located near Phoebe Putney Hospital, the Dougherty County Courthouse, and The St. Nicholas hotel in Albany. Its office configuration provides a functional setting for professional operations, consulting, boutique businesses, or other commercial uses identified for the property.
Key Highlights
- 1930 office property on a 0.27‑acre lot
- Multiple private offices with a full kitchen and break area
- Two bathrooms with tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,311
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,220
$246.2K
Cap Rate 7%
$175,871
$175.9K
Cap Rate 9%
$136,789
$136.8K
Market Conditions
NOI Build-Up for 1,403 SF
Gross rent
$21.0K $15.00/SF
− Vacancy
−$4.6K −$3.30/SF
EGI
$16.4K $11.70/SF
− OpEx
−$4.1K −$2.93/SF
NOI
$12.3K $8.78/SF
Area
Dougherty County, GA
Vacancy
22.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,220
Cap Rate 7%
$175,871
Cap Rate 9%
$136,789
Alternative Uses
Best Use
Office B
$175.9K
$153.9K – $205.2K
NOI $12,311 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$276.1K
$241.6K – $322.1K
NOI $19,328 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,453
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible professional workspace with private offices, a kitchen, two bathrooms, and rear lot privacy fencing.
Where is this office unit located?
The property is located at 414 Society Avenue W Albany, GA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1930 office property on a 0.27‑acre lot; Multiple private offices with a full kitchen and break area; Two bathrooms with tile flooring
