Historic Office Building with Private
414 Society Avenue W Albany, GA 31701
For Sale
$225,000
COMMERCIAL - Albany, GA
Property Size1,403 SF
Lot Size0.27 Acres
Price / SF$160.37
Days on Market47
Property Features for 414 Society Avenue W
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- 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
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Number of units
- 1
Listing Agency:
RE/MAX OF ALBANY
(229) 434-1600
Listed By:
Karen Richter · License #213956
(229) 854-3730
Added: Jun 9
Last Checked: Jul 25 at 10:06AM
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.
Investment Insights
Based on property information with market context.
Built in 1930, this historic office building has been updated for today’s workplace needs while preserving character elements such as hardwood floors. The functional interior layout includes multiple private offices, a full kitchen/break area, and two bathrooms with tile flooring. With a spacious floor plan, the space can support a range of professional uses where separate offices and shared amenities are important.
The property is located at 414 Society Avenue W in Albany, Georgia. It sits near Phoebe Putney Hospital and the Dougherty County Courthouse, with The St. Nicholas hotel nearby and the Albany Museum of Art planned in the area, supporting an office location convenient to established destinations.
Outside, the building offers plenty of parking and includes a rock privacy fence along the rear of the lot for added separation. For tenants, buyers, or owner-operators looking for a maintained, classic-style office environment that already includes private office rooms and on-site break and restroom facilities, this property provides a straightforward option for professional operations.
The property is located at 414 Society Avenue W in Albany, Georgia. It sits near Phoebe Putney Hospital and the Dougherty County Courthouse, with The St. Nicholas hotel nearby and the Albany Museum of Art planned in the area, supporting an office location convenient to established destinations.
Outside, the building offers plenty of parking and includes a rock privacy fence along the rear of the lot for added separation. For tenants, buyers, or owner-operators looking for a maintained, classic-style office environment that already includes private office rooms and on-site break and restroom facilities, this property provides a straightforward option for professional operations.
Key Highlights
- Built in 1930, this approximately 1,400 SF office building features original hardwood floors and updated finishes
- Layout includes multiple private offices plus a full kitchen/break area for everyday work needs
- Two bathrooms with tile flooring
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 | $21.0k | $15.00 |
| − Vacancy | −$4.6k | −$3.30 |
| EGI | $16.4k | $11.70 |
| − OpEx | −$4.1k | −$2.93 |
| NOI | $12.3k | $8.78 |
1,403 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$175.9K
$153.9K – $205.2K
NOI $12,311 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$276.1K
$241.6K – $322.1K
NOI $19,328 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Driskell Ingrid P
Law Firm
FAQs
What type of property is this?
Office building - 1930-era office building with updated finishes, private offices, two tiled bathrooms, and on-site parking.
Where is this office building located?
The property is located at 414 Society Avenue W Albany, GA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Built in 1930, this approximately 1,400 SF office building features original hardwood floors and updated finishes; Layout includes multiple private offices plus a full kitchen/break area for everyday work needs; Two bathrooms with tile flooring
