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    831 Peterson Ave Douglas, GA 31533

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    831 Peterson Ave Douglas, GA 31533

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    • Community centers
    • 97,702 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kobe Japanese Hibachi & Sushi / Restaurant
    • AMG Finance / Bank / Credit Union

    Property Details for 831 Peterson Ave

    Year built
    1975
    Property size
    97,702 SF
    Property type
    Community centers
    Property subtype
    Retail properties & Spaces

    Description

    Douglas Plaza, located at 831 Peterson Ave S in Douglas, Georgia (zip code 31533), is a well-established community shopping center totaling 97,702 square feet. Built in 1975 and renovated in 1992, this property sits on a 6.77-acre lot and is zoned B2, General Business. Currently, there are multiple retail spaces available, ranging from a minimum of 3,804 square feet to a maximum contiguous space of 32,628 square feet. A significant 36,468 square feet is currently vacant, presenting a substantial opportunity for expansion or new tenants. The center enjoys high visibility and convenient access, contributing to its strong tenant base. Current tenants include Farmers Furniture and Family Dollar, with Harvey's Grocery anticipated to vacate in 2025. This prime retail location in Coffee County offers a diverse tenant mix and significant potential for growth within a thriving community. The property's size and flexible space options make it ideal for a variety of retail businesses seeking a prominent presence in Douglas, Georgia. Interested parties should note the property's convenient location and the opportunity to establish a presence alongside established businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Douglas
    County
    Coffee
    State
    Georgia
    Longitude
    -82.8522
    Latitude
    31.4994

    Comparable in this City

    • Value Estimation by Request
      700 SF

      330 Ward W St

      NURSERY, GREENHOUSE, FLORIST • 700 SF
      330 Ward W St, Douglas, GA 31533-3502
      View Details
    • Value Estimation
      $605,000
      5,850 SF

      Bowens Ml Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 5,850 SF
      Bowens Ml Rd, Douglas, GA 31533
      View Details
    • Value Estimation by Request
      7,000 SF

      608 Madison N Ave

      SHOPPING CENTER, STRIP CENTER • 7,000 SF
      608 Madison N Ave, Douglas, GA 31533-3106
      View Details
    • Value Estimation by Request
      4,630 SF

      802 Madison S Ave

      SHOPPING CENTER, STRIP CENTER • 4,630 SF
      802 Madison S Ave, Douglas, GA 31533-5332
      View Details
    • Value Estimation by Request
      10,518 SF

      601 Peterson N Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 10,518 SF
      601 Peterson N Ave, Douglas, GA 31533-4913
      View Details
    • Value Estimation by Request
      12,800 SF

      519 Peterson S Ave

      SHOPPING CENTER, STRIP CENTER • 12,800 SF
      519 Peterson S Ave, Douglas, GA 31533-5253
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Established Shopping Center on Highway

      Community shopping center with high visibility and easy access.
      831 Peterson Ave S, Douglas, GA 31533
      View Details
    • $2,990,000
      7.11 Acres

      Commercial Land Near Retail Hub

      7.11 acres near major retailers with high traffic volume.
      Bowen Ml Rd, Douglas, GA 31533
      View Details
    • $8,130,000
      56,080 SF

      Grocery Anchored Shopping Center For Sale

      56,080 SF shopping center with medical tenants in Douglas, GA.
      901-903 W Ward St, Douglas, GA 31533
      View Details
    • $1,250,000
      6,000 SF

      Retail Property in Douglas, GA

      Commercial property with 17 retail units in Douglas, GA.
      107 Bryan Street Cir, Douglas, GA 31533
      View Details
    • $1,100,000
      4,331 SF

      Fully Leased Commercial Property

      Four-unit commercial property on a high-visibility main road.
      928 S Peterson Ave, Douglas, GA 31533
      View Details
    • Contact for pricing

      Commercial Property in High Traffic Area

      Commercial property with high visibility, great location for new business.
      202 E Baker Hwy, Douglas, GA 31533
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,628 SF

      Established Shopping Center Space Available

      Community shopping center with high visibility and easy access.
      805-835 S Peterson Ave, Douglas, GA 31533
      View Details
    • Contact for pricing

      Established Shopping Center Space Available

      Community shopping center with high visibility and easy access.
      831 Peterson Ave S, Douglas, GA 31533
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      1300 S Madison Ave, Douglas, GA 31533
      View Details
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    831 Peterson Ave
    Douglas, GA 31533
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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
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