Retail Building with Garage
For Sale
$450,000
712 Russell Parkway, Warner Robins, GA 31210
For sale retail building featuring a basement and 2014 rear garage addition with expanded parking flexibility.
Property Size1,960 SF
Price / SF$229.59
Days on Market715
Property Features for 712 Russell Parkway
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Multi-Family
Amenities
Central Air
3
20 Parking Spaces.
Level
100x235
Level.
Building Details
Stories
1
Listing Agency:
SOUTHERN CLASSIC REALTORS
(678) 635-8877
Listed By:
Kimberly Ayer
Source:
Xome
Added: Sep 12, 2024
Changed: Aug 25
Last Checked: Aug 26 at 5:37AM
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 SOUTHERN CLASSIC REALTORS
Investment Insights
Based on property information with market context.
This for-sale retail property includes a main building with a basement for additional storage. A 2014 rear garage addition expands usable space and is intended to improve parking flexibility. The site currently has a long-term tenant operating a successful business.
Located at 712 Russell Pkwy in Warner Robins, GA, the property is positioned on a busy corridor with high visibility and customer traffic exposure. Buyer to verify all lease terms, income, and tenant history.
Located at 712 Russell Pkwy in Warner Robins, GA, the property is positioned on a busy corridor with high visibility and customer traffic exposure. Buyer to verify all lease terms, income, and tenant history.
Key Highlights
- Retail commercial building includes a basement for extra storage
- 2014 rear garage addition expands usable space and parking flexibility
- Strong long‑term tenant currently operating a successful business on‑site
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
$24,555
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
5.46%
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%
$491,100
$491.1K
Cap Rate 7%
$350,786
$350.8K
Cap Rate 9%
$272,833
$272.8K
Market Conditions
NOI Build-Up for 1,960 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
$38.3K $19.56/SF
− Vacancy
−$3.3K −$1.66/SF
EGI
$35.1K $17.90/SF
− OpEx
−$10.5K −$5.37/SF
NOI
$24.6K $12.53/SF
Area
Houston County, GA
Vacancy
8.50%
Lease Rate
$19.56 /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%
$491,100
Cap Rate 7%
$350,786
Cap Rate 9%
$272,833
Alternative Uses
Best Use
Retail
$350.8K
$306.9K – $409.3K
NOI $24,555 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.0K
$370.2K – $493.6K
NOI $29,613 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
150k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 23%
Electronics 1%
Beauty & Spa 1%
Chick-fil-A
Dining
33,566 visits/mo
0.2 miles
Dollar Tree
Shops & Services
14,706 visits/mo
0.1 miles
Sonny's BBQ
Dining
12,790 visits/mo
0.2 miles
Burger King
Dining
12,259 visits/mo
0.5 miles
Dunkin' Donuts
Dining
10,582 visits/mo
0.3 miles
Demographics for 31210, GA
35,345
Population
15,768
Households
2.2
Avg Household Size
39
Median Age
48%
College-Educated
95%
High-School Grad
41.3 sq mi
ZIP Area
856
Density / Sq Mi
$82,158
Median Household Income
$44,231
Median Earnings
$1,260
Median Rent
$259,600
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.
Frequently Asked Questions
What type of property is this?
Retail space - For sale retail building featuring a basement and 2014 rear garage addition with expanded parking flexibility.
Where is this retail space located?
The property is located at 712 Russell Parkway Warner Robins, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Retail commercial building includes a basement for extra storage; 2014 rear garage addition expands usable space and parking flexibility; Strong long‑term tenant currently operating a successful business on‑site
