Albany Industrial Investment
518 West Roosevelt Avenue, Albany, GA 31701
For Sale
Contact for pricing
Industrial property in Albany, GA, near key manufacturing hubs.
Property Size38,550 SF
Price / SF$83.01
Days on Market240
Property Features for 518 West Roosevelt Avenue
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Year Renovated
Stories
Tenancy
Listing Agency:
ACRE Real Estate Partners
Listed By:
Walter Kelley · License GA #93949
Source:
Crexi
Added: Mar 20
Changed: Nov 12
Last Checked: Nov 12 at 7:43AM
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
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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 / Yr
$151,872
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,140
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 Industrial in South region
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.
