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    1615 Shotwell St Bainbridge, GA 39819

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail space available in Bainbridge, GA

    Lot size:
    13,433 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional retail opportunity presents 13,433 square feet of vacant space at 1615 E Shotwell St, Bainbridge, Georgia, 39819. Located in Decatur County, this property offers multiple tenancy options, perfect for a variety of businesses. Seven individual spaces are available, ranging in size from a minimum of 900 square feet to a maximum contiguous space of 4,075 square feet. The entire 13,433 square foot building is currently vacant, providing a unique chance to establish a significant presence in a thriving commercial area. This prime location offers excellent visibility and accessibility, making it an ideal choice for retailers seeking high foot traffic and convenient access for customers. The property's address is strategically positioned within Bainbridge's commercial corridor, ensuring maximum exposure to potential clientele. The flexible space allows for customization to suit individual business needs, making it a versatile option for various retail concepts. This is a rare opportunity to secure a substantial retail footprint in a desirable location. Contact us today to learn more about leasing options and explore the possibilities of establishing your business in this vibrant community.

    Property Features for 1615 Shotwell St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,433 SF

    Unit(s) available at that property

    Space
    Available Space Outparcel
    Size
    1 SF
    Space
    Suite 140
    Size
    4,075 SF
    Space
    Suite 130
    Size
    2,824 SF
    Space
    Suite 100-110
    Size
    3,084 SF
    Space
    Suite 70
    Size
    1,050 SF
    Space
    Suite 50
    Size
    900 SF
    Space
    Suite 40
    Size
    1,500 SF

    We can help!

    Listing Contact
    Bill Clements
    Bill Clements

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Hibbett Sports Shoe Store Vip Nails Nail Salon Enterprise Rent-A-Car Car Rental Agency Coinstar Money Transfer Service In-Rel Properties Real Estate Agency

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bainbridge
    County
    Decatur
    State
    Georgia
    Longitude
    -84.5493282
    Latitude
    30.9048919

    Nearby Comparable

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    Nearby Similar for Lease

    • $1,500 /Mo
      17,424 SF

      Versatile Commercial Space in Bainbridge

      Two 1,500 sq/ft units available for lease.
      1118 A/B Shotwell St, Bainbridge, GA 39817
      View Details
    • Contact for pricing
      143,322 SF

      Bainbridge Mall Retail Space Available

      Prime Retail Space, Multiple Units Available
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      View Details
    • Contact for pricing
      26,000 SF

      Retail Space on Tallahassee Hwy

      26,000 SF retail property available for lease.
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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space available in Bainbridge, GA
    Where is this retail property located?
    The property is located at 1615 Shotwell St Bainbridge, GA.
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    1615 Shotwell St Bainbridge, GA 39819
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    Bainbridge, GA 39819
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    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
    1615 Shotwell St Bainbridge, GA 39819
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    We can help!
    Listing Contact
    Bill Clements
    Bill Clements
    Real Estate License ID: AL 75945
    Learn more
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