Combined Retail
For Sale
$219,900
2734, Albany, GA 31707
Two combined units are configured as a single 3,080 SF retail space.
Property Size1,330 SF
Price / SF$165.34
Days on Market206
Property Features for 2734
General Information
Standard status
Active
Size
1,330 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$420
Amenities
Central Air
3
Handicapped Access, Dumpster. City Road, Paved Road.
Building Details
Year Built
2007
Listing Agency:
eXp Realty LLC
(229) 347-7002
Listed By:
Cindy G Martins · License #289690
(229) 347-7002
Source:
Xome
Added: Jan 31
Changed: Aug 25
Last Checked: Aug 25 at 5:02AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This property consists of two combined units that have been configured into one retail space totaling 3,080 SF. The layout is set up to support a single retail tenant footprint, consolidating the available space into one usable area.
The offering is located at 2734 Ledo Rd in Albany, GA 31707. Prospective buyers or tenants can review the space as a consolidated retail configuration based on the existing combined-unit setup.
As presented, the key takeaway is that the seller has combined the units into one retail space rather than offering separate premises. That configuration should be reviewed in person for alignment with the intended retail use.
The offering is located at 2734 Ledo Rd in Albany, GA 31707. Prospective buyers or tenants can review the space as a consolidated retail configuration based on the existing combined-unit setup.
As presented, the key takeaway is that the seller has combined the units into one retail space rather than offering separate premises. That configuration should be reviewed in person for alignment with the intended retail use.
Key Highlights
- Two combined units configured as one 3,080 SF retail space
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
$9,999
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
4.55%
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%
$199,980
$200.0K
Cap Rate 7%
$142,843
$142.8K
Cap Rate 9%
$111,100
$111.1K
Market Conditions
NOI Build-Up for 1,330 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
$16.0K $12.00/SF
− Vacancy
−$1.7K −$1.26/SF
EGI
$14.3K $10.74/SF
− OpEx
−$4.3K −$3.22/SF
NOI
$10.0K $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%
$199,980
Cap Rate 7%
$142,843
Cap Rate 9%
$111,100
Alternative Uses
Best Use
Retail
$142.8K
$125.0K – $166.7K
NOI $9,999 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.7K
$229.0K – $305.4K
NOI $18,322 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two combined units are configured as a single 3,080 SF retail space.
Where is this retail space located?
The property is located at 2734 Albany, GA.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Two combined units configured as one 3,080 SF retail space
