Albany Industrial Investment
For Sale
Contact for pricing
518 West Roosevelt Avenue, Albany, GA 31701
Industrial property in Albany, GA, near key manufacturing hubs.
Property Size38,550 SF
Price / SF$83.01
Days on Market146
Property Features for 518 West Roosevelt Avenue
General Information
Standard status
Active
Size
38,550 SF
Class
B
Property subtype
Industrial, Office
Zoning
C-2, General Mixed use Business
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Stabilized
Net Operating Income
$270,000
Building Details
Year Built
1952
Year Renovated
1986
Stories
1
Tenancy
Single
Listing Agency:
ACRE Real Estate Partners
Listed By:
Walter Kelley · License #93949
Source:
Crexi
Added: Mar 20
Changed: Aug 9
Last Checked: Aug 12 at 3:37AM
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 ACRE Real Estate Partners
Investment Insights
Based on property information with market context.
Located in Albany, Georgia, the property is positioned near industrial and manufacturing hubs. The area provides logistical advantages, a business environment, and infrastructure, including access to transportation routes. Nearby points of interest include the Albany Dougherty Economic Development Commission, the Procter & Gamble Manufacturing Plant, and the Coats & Clark Industrial Facility. The property, with a size of 38550 square feet, is an investment opportunity for industrial and manufacturing investors.
Key Highlights
- Proximity to key industrial and manufacturing hubs.
- Strategic logistical advantages.
- Vibrant business environment.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$151,872
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,037,440
$3.0M
Cap Rate 7%
$2,169,600
$2.2M
Cap Rate 9%
$1,687,467
$1.7M
Market Conditions
NOI Build-Up for 38,550 SF
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.
Gross rent
$231.3K $6.00/SF
− Vacancy
−$14.3K −$0.37/SF
EGI
$217.0K $5.63/SF
− OpEx
−$65.1K −$1.69/SF
NOI
$151.9K $3.94/SF
Area
Dougherty County, GA
Vacancy
6.20%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,037,440
Cap Rate 7%
$2,169,600
Cap Rate 9%
$1,687,467
Alternative Uses
Best Use
Industrial
$2.17M
$1.90M – $2.53M
NOI $151,872 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.59M
$6.64M – $8.85M
NOI $531,065 @ 7.0% cap · market cap 16.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,140
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property in Albany, GA, near key manufacturing hubs.
Where is this industrial property located?
The property is located at 518 West Roosevelt Avenue Albany, GA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Proximity to key industrial and manufacturing hubs.; Strategic logistical advantages.; Vibrant business environment.
