Mixed-Use Property with Office
For Sale
$125,000
608 N Slappey Blvd, Albany, GA 31701
Brick commercial building offering office rooms alongside restroom and kitchen areas.
Property Size1,638 SF
Days on Market53
Property Features for 608 N Slappey Blvd
General Information
Standard status
Active
Size
1,638 SF
Property subtype
Mixed Use
Amenities
restroom
kitchen
Building Details
Building Size
1,638 SF
Year Built
1946
Construction
brick
Listing Agency:
Walden and Kirkland, Inc
Listed By:
Lauren Watson
(229) 343-3714
Source:
Cbcworldwide
Added: Aug 22
Changed: Oct 9
Last Checked: Oct 12 at 4:34PM
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 Walden and Kirkland, Inc
Investment Insights
Based on property information with market context.
This mixed-use commercial property at 608 N Slappey Blvd in Albany, Georgia, dates to 1946 and features brick construction. The interior includes five office rooms, a restroom, and a kitchen, creating a straightforward configuration for office and business use.
The property is positioned on Slappey Blvd in Albany, GA 31701. Its combination of office areas and basic support spaces provides a practical foundation for a range of commercial operations.
The property is positioned on Slappey Blvd in Albany, GA 31701. Its combination of office areas and basic support spaces provides a practical foundation for a range of commercial operations.
Key Highlights
- Five office rooms provide a defined interior layout
- Restroom and kitchen included
- Brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,189
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,780
$183.8K
Cap Rate 7%
$131,271
$131.3K
Cap Rate 9%
$102,100
$102.1K
Market Conditions
NOI Build-Up for 1,638 SF
Gross rent
$16.7K $10.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$14.7K $8.98/SF
− OpEx
−$5.5K −$3.37/SF
NOI
$9.2K $5.61/SF
Area
Dougherty County, GA
Vacancy
12.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,780
Cap Rate 7%
$131,271
Cap Rate 9%
$102,100
Alternative Uses
Best Use
Office B
$205.3K
$179.7K – $239.6K
NOI $14,373 @ 7.0% cap · market cap 11.50%
Second Best
Retail
$175.9K
$153.9K – $205.2K
NOI $12,314 @ 7.0% cap · market cap 9.85%
Theoretical Best
Office A
$322.4K
$282.1K – $376.1K
NOI $22,565 @ 7.0% cap · market cap 18.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
706
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial building offering office rooms alongside restroom and kitchen areas.
Where is this mixed-use property located?
The property is located at 608 N Slappey Blvd Albany, GA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Five office rooms provide a defined interior layout; Restroom and kitchen included; Brick construction
