Automotive Property with Detail
For Sale
$199,000
522 W Oglethorpe, Albany, GA 31701
Existing dealership improvements include customer reception, private offices, restrooms, and dedicated vehicle-detailing space.
Property Size1,280 SF
Price / SF$155.47
Days on Market446
Property Features for 522 W Oglethorpe
General Information
Standard status
Active
Size
1,280 SF
Property subtype
General Commercial
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$2,400
Amenities
welcoming lobby
reception area
two offices
two restrooms
dedicated car-detail space
Central Air
3
Commercial,General Commercial
Other.
Building Details
Year Built
1990
Listing Agency:
eXp Realty LLC
(229) 591-5658
Listed By:
Angelica Patterson
(229) 591-5658
Source:
Xome
Added: Jun 11, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:28PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This automotive property is configured for dealership operations, with a lobby and reception area, two offices, two restrooms, and a dedicated car-detailing area. The building was constructed in 1990 and includes central air. The property is currently occupied by an operating auto-sales dealership.
Located at 522 W Oglethorpe in Albany, the site is a short distance from downtown and nearby government offices. The lot is enclosed on three sides and provides rear alley access, adding a practical service and circulation feature for the existing automotive use.
Located at 522 W Oglethorpe in Albany, the site is a short distance from downtown and nearby government offices. The lot is enclosed on three sides and provides rear alley access, adding a practical service and circulation feature for the existing automotive use.
Key Highlights
- Automotive property currently operating as an auto‑sales dealership
- 1,280 property size with lobby, reception area, two offices, and two restrooms
- Dedicated car‑detail space included
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
$9,623
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
4.84%
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%
$192,460
$192.5K
Cap Rate 7%
$137,471
$137.5K
Cap Rate 9%
$106,922
$106.9K
Market Conditions
NOI Build-Up for 1,280 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
$15.4K $12.00/SF
− Vacancy
−$1.6K −$1.26/SF
EGI
$13.7K $10.74/SF
− OpEx
−$4.1K −$3.22/SF
NOI
$9.6K $7.52/SF
Area
Dougherty County, GA
Vacancy
10.50%
Lease Rate
$12.00 /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%
$192,460
Cap Rate 7%
$137,471
Cap Rate 9%
$106,922
Alternative Uses
Best Use
Retail
$137.5K
$120.3K – $160.4K
NOI $9,623 @ 7.0% cap · market cap 4.84%
Second Best
Industrial
$72.0K
$63.0K – $84.1K
NOI $5,043 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$251.9K
$220.4K – $293.9K
NOI $17,633 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
99k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 16%
Apparel 10%
Home Improvements & Furnishings 2%
Zaxby's Chicken Fingers & Buffalo Wings
Dining
20,441 visits/mo
0.5 miles
Krispy Kreme Doughnuts
Dining
16,600 visits/mo
0.4 miles
Wendy's
Dining
15,816 visits/mo
0.4 miles
Hardee's
Dining
9,288 visits/mo
0.5 miles
Checkers
Dining
8,474 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Automotive property - Existing dealership improvements include customer reception, private offices, restrooms, and dedicated vehicle-detailing space.
Where is this automotive property located?
The property is located at 522 W Oglethorpe Albany, GA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Automotive property currently operating as an auto‑sales dealership; 1,280 property size with lobby, reception area, two offices, and two restrooms; Dedicated car‑detail space included
