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    1506 Sam Nunn Blvd Perry, GA 31069

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    For Lease
    Contact for pricing

    Prime Perry, GA Retail Opportunity

    Lot size:
    6,748 SF

    Property Features for 1506 Sam Nunn Blvd

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,748 SF

    Spaces For Lease

    at 1506 Sam Nunn Blvd, Perry, GA 31069 Contact us

    We can help!

    Listing Contact
    Marrissa Chanin
    Marrissa Chanin

    Listing Agency: Riverwood Properties llc Atlanta Listing Agent: Marrissa Chanin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Perry Plaza, located at 1506 Sam Nunn Blvd in Perry, Georgia (zip code 31069), presents a fantastic retail leasing opportunity. This established commercial property boasts a total of 6,748 square feet, with 1,243 square feet currently available for lease. The space is situated within a C1 Neighborhood Commercial zoning district in Houston County, offering excellent visibility and accessibility. The multiple-tenancy building provides a vibrant and established commercial environment. The available space, totaling 1,243 square feet, is ideal for a variety of retail businesses seeking a prominent location in a thriving community. The property's address, 1506 Sam Nunn Blvd, ensures easy access for customers and employees alike. Its location in Perry, Georgia, offers a strong local market with significant foot traffic and consumer base. This is an exceptional chance to establish or expand your retail presence in a well-positioned and attractive commercial building. The property's size and zoning make it suitable for a range of retail concepts. Interested parties are encouraged to inquire about lease terms and conditions to secure this prime retail space. The property is easily accessible via its location on Sam Nunn Blvd, providing convenient access for customers and employees. The building's multiple-tenancy structure offers a collaborative and dynamic commercial environment. Don't miss this opportunity to secure a prominent retail space in a growing Georgia community. Contact us today to learn more about this exceptional leasing opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The UPS Store Courier Service Shred Nations Recycling Center Jersey Mike's Subs Take-out & Catering Dunkin' Cafe & Coffee Shop Jeremiah's Italian Ice Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Houston
    State
    Georgia
    Longitude
    -83.745422
    Latitude
    32.473813

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    FAQs

    What type of property is this?
    Retail property - Prime Perry, GA Retail Opportunity
    Where is this retail property located?
    The property is located at 1506 Sam Nunn Blvd Perry, GA.
    What are key features of this property?
    This property features: Excellent location in Houston County, GA, near I-75 (less than 0.5 miles).; Prime Perry, GA retail location, surrounded by national retailers including Walmart, Kroger, and Chick-fil-A.; High visibility and accessibility from I-75.
    (770) 955-7676 Call to check price and availability
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    1506 Sam Nunn Blvd Perry, GA 31069
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    Perry, GA 31069
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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
    1506 Sam Nunn Blvd Perry, GA 31069
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marrissa Chanin
    Marrissa Chanin
    (770) 955-7676 (404) 372-9928
    Learn more
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