Storefront
For Sale
Contact for pricing
723 Slappey Blvd N, Albany, GA 31707
Existing commercial storefront building along Slappey Boulevard in Albany.
Property Size3,815 SF
Price / SF$98.30
Days on Market93
Property Features for 723 Slappey Blvd N
General Information
Standard status
Active
Size
3,815 SF
Property subtype
Business for Sale
Building Details
Year Built
1983
Stories
2
Units
2
Listing Agency:
CROWNING POINT ENTERPRISE, LLC
Listed By:
Jamal Reynolds · License #340223
Source:
Crexi
Added: May 31
Changed: Aug 31
Last Checked: Aug 31 at 12:32AM
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 CROWNING POINT ENTERPRISE, LLC
Investment Insights
Based on property information with market context.
This storefront property comprises a 3,815-square-foot commercial building constructed in 1983. The asset is located at 723 Slappey Blvd N in Albany, Georgia 31707.
Key Highlights
- 3,815‑square‑foot commercial building
- Constructed in 1983
- Located at 723 Slappey Blvd N, Albany, GA 31707
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
$28,681
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
7.65%
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%
$573,620
$573.6K
Cap Rate 7%
$409,729
$409.7K
Cap Rate 9%
$318,678
$318.7K
Market Conditions
NOI Build-Up for 3,815 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
$45.8K $12.00/SF
− Vacancy
−$4.8K −$1.26/SF
EGI
$41.0K $10.74/SF
− OpEx
−$12.3K −$3.22/SF
NOI
$28.7K $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%
$573,620
Cap Rate 7%
$409,729
Cap Rate 9%
$318,678
Alternative Uses
Best Use
Retail
$409.7K
$358.5K – $478.0K
NOI $28,681 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$750.8K
$656.9K – $875.9K
NOI $52,555 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
126k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 23%
Office Supplies 6%
Zaxby's Chicken Fingers & Buffalo Wings
Dining
20,441 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,588 visits/mo
0.2 miles
Krispy Kreme Doughnuts
Dining
16,600 visits/mo
0.3 miles
Cook Out
Dining
16,124 visits/mo
0.1 miles
Wendy's
Dining
15,816 visits/mo
0.3 miles
Demographics for 31707, GA
24,623
Population
12,652
Households
1.9
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
18.4 sq mi
ZIP Area
1,338
Density / Sq Mi
$49,179
Median Household Income
$37,878
Median Earnings
$934
Median Rent
$131,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Existing commercial storefront building along Slappey Boulevard in Albany.
Where is this storefront property located?
The property is located at 723 Slappey Blvd N Albany, GA.
What is the asking price?
The asking price for this property is $374,999.
What are key features of this property?
This property features: 3,815‑square‑foot commercial building; Constructed in 1983; Located at 723 Slappey Blvd N, Albany, GA 31707
