Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multiuse Office Building with Expansion Lots Title is generated by Realmo AI

    611 Pine Ave Albany, Albany, GA 31701

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $159,900

    Office building with parking and expansion potential on 0.93 acres.

    Type:Mixed Use
    Property size:
    93 SF
    Price / SF:
    $1,719/SF
    Added:
    Sep 10, 2025
    Days on Market:
    254
    Last Refresh:
    Apr 5 at 8:25 pm

    Property Features for 611 Pine Ave Albany

    General Information

    Standard status
    Active
    Size
    93 SF
    Property subtype
    Mixed Use

    Building Details

    Year Built
    1945

    We can help!

    Listing Contact
    Mary Carter

    Listing agent Mary Carter

    Listing office

    Listing date Sep 10, 2025

    Source Cbcworldwide

    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 Mary Carter

    HighLights

    • Includes office building and two adjacent lots totaling .93 acres, offering expansion potential.
    • Centrally located to government offices, downtown, and public transportation.
    • Multiuse office building suitable for office, small business, or retail space.
    • Spacious parking area.
    • Features a welcoming wrap‑around front porch, receptionist area, 3 office spaces, kitchenette, and restrooms.
    • Includes security/fire system, central heating and air, and a detached shed for storage.

    Overview

    The property at 611 Pine Avenue, including 615 and 617 Pine Avenue, features an office building with two adjacent lots, totaling 0.93 acres. The multiuse office building includes a spacious parking area and two additional lots suitable for expansion. The building features a wrap-around front porch, a receptionist area, three office spaces, a kitchenette, and restrooms. Original hardwood flooring and fireplaces are present. The property also includes a security/fire system, central heating and air, and a detached shed for storage. It is centrally located near government offices, downtown, and public transportation. It is suitable for office, small business, or retail space. All measurements are approximate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.1629
    Latitude
    31.5789

    Nearby Similar for Sale

    • $699,999
      1,942 SF

      Restaurant Opportunity on Oglethorpe Boulevard

      Restaurant with drive-thru on busy Oglethorpe Boulevard in Albany.
      1716 Oglethorpe blvd, Albany, GA 31705
      View Details
    • $325,000

      Restored Commercial Building Near Hospital

      Historic building restored for office, medical, or professional use.
      410 Society Avenue W, Albany, GA 31701
      View Details
    • $1,150,000

      Albany Office Building on 5.5 Acres

      Large one-level office building in northwest Albany with ample parking.
      3005 Old Dawson Road, Albany, GA 31721
      View Details
    • $169,900
      1,968 SF

      Commercial Property in Albany, GA

      Versatile commercial property suitable for various business opportunities.
      700 Slappey Blvd N, Albany, GA 31707
      View Details
    • $1,200,000

      Prime Commercial Strip in Albany

      Commercial strip with leasing opportunities and high traffic exposure.
      2820 Meredyth Dr, Albany, GA 31707
      View Details
    • $325,000

      Commercial Space in Historical District

      Office/meeting space in Albany's growing historical district.
      310 Tift Avenue, Albany, GA 31701
      View Details
    • $599,900

      Prime Commercial Location in Albany

      High-traffic corner lot suitable for various commercial developments.
      1307 Slappey Blvd N, Albany, GA 31707
      View Details
    • $205,000

      Profitable Day Care Center Business

      Turn-key day care center in Albany, GA. Licensed for 34.
      1002 Tenth Ave, Albany, GA 31701
      View Details
    • $99,900

      Commercial Building on Westover Blvd

      3,000 sq ft commercial building with road frontage.
      805 Westover Blvd, Albany, GA 31707
      View Details
    • $1,495,000

      Remodeled Commercial Building on Oglethorpe

      Remodeled 8,300 SF commercial building with high visibility.
      1600 Oglethorpe Blvd, Albany, GA 31705
      View Details
    • $549,000
      27,938 SF

      Albany Warehouse on Broad Avenue

      27,938 SF warehouse on 1.75 acres for sale.
      233 E Broad Ave, Albany, GA 31705
      View Details
    • $695,745

      Albany Commercial Property with Trucking Features

      22-acre commercial property equipped for trucking business in Albany, GA.
      1905 Radium Springs Road, Albany, GA 31705
      View Details

    FAQs

    What type of property is this?
    Office units - Office building with parking and expansion potential on 0.93 acres.
    Where is this office units located?
    The property is located at 611 Pine Ave Albany Albany, GA.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: Includes office building and two adjacent lots totaling .93 acres, offering expansion potential.; Centrally located to government offices, downtown, and public transportation.; Multiuse office building suitable for office, small business, or retail space.
    (229) 343-3151
    We can help!
    Listing Contact
    Mary Carter
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    611 Pine Ave Albany, GA 31701, GA 31701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!