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    1610 Forsyth St Americus, GA 31709

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    1610 Forsyth St Americus, GA 31709

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    • Lifestyle centers
    • 25,100 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Easter Seal Southern Georgia / Charitable Organization
    • Trendy Nails & Spa / Nail Salon
    • Planet Fitness / Gym & Fitness Center
    • Liberty Tax Service / Accounting Firm / Tax Preparation

    Property Details for 1610 Forsyth St

    Property size
    25,100 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Americus Village Shopping Center, located at 1610 E Forsyth St, Americus, GA 31709, presents a unique opportunity for businesses seeking retail space in Sumter County. This established shopping center offers a total of 25,100 square feet of retail space, currently entirely vacant and available for lease. The property consists of seven individual suites, providing flexibility for various business needs. Spaces range in size from a minimum of 925 square feet to a maximum contiguous space of 9,975 square feet, allowing for businesses of different scales to find a suitable fit. The center's strategic location in Americus offers excellent visibility and accessibility for customers. With its multiple suite configuration, Americus Village Shopping Center is ideal for a variety of retail concepts, offering a chance to establish a presence in a thriving community. The property is classified as a commercial shopping center and is ready for immediate occupancy. Interested parties are encouraged to inquire about lease terms and availability. The property's address is easily accessible and well-suited for attracting a diverse customer base. This is a rare opportunity to secure a significant amount of retail space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Americus
    County
    Sumter
    State
    Georgia
    Longitude
    -84.2065
    Latitude
    32.0716

    Comparable in this City

    • Value Estimation by Request
      165,315 SF

      Forsyth St

      Lifestyle centers • 165,315 SF
      0 Forsyth St, Americus, GA 31709
      View Details
    • Value Estimation by Request
      8,352 SF

      133 Jr Campbell Sr St

      MINI-MALL • 8,352 SF
      133 Jr Campbell Sr St, Americus, GA 31709-3095
      View Details
    • Value Estimation
      $900,000
      76,704 SF

      Forsyth St

      MINI-MALL • 76,704 SF
      Forsyth St, Americus, GA 31709
      View Details
    • Value Estimation by Request
      2,088 SF

      Plantation Rdg Dr

      MINI-MALL • 2,088 SF
      Plantation Rdg Dr, Americus, GA 31709
      View Details
    • Value Estimation
      $855,000
      66,303 SF

      1206 Crawford St

      MINI-MALL • 66,303 SF
      1206 Crawford St, Americus, GA 31709-3277
      View Details
    • Value Estimation by Request
      1,984 SF

      100 Plantation Rdg Dr, Unit B

      MINI-MALL • 1,984 SF
      100 Plantation Rdg Dr, Americus, GA 31709-5282
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,365 SF

      Fully Rented Shopping Center

      Seven-unit shopping center at a high-traffic intersection in Americus, Georgia.
      1600 E Forsyth St, Americus, GA 31709
      View Details
    • Contact for pricing
      7,496 SF

      Commercial Space Near Downtown

      Versatile commercial space with showroom, offices, and warehouse.
      225 N Lee St, Americus, GA 31709
      View Details
    • $149,900
      Pending

      Downtown Commercial Buildings For Sale

      Two commercial buildings in historic downtown Americus, Georgia.
      W Lamar St, Americus, GA 31709
      View Details
    • Contact for pricing
      20,000 SF

      Retail Property with Ample Parking

      Retail space with strong access, traffic, visibility, and parking.
      1607 E Lamar St, Americus, GA 31709
      View Details
    • $109,000
      9.11 Acres

      Americus Land Ideal Development Tract

      9.113+/- acres suitable for development with utilities nearby.
      Hillside Dr, Americus, GA 31709
      View Details
    • $199,000
      1,472 SF

      Income-Producing Duplex in Americus, GA

      Well-maintained, fully furnished duplex with separate units for immediate income.
      211 Cherry St, Americus, GA 31709
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Americus Village Retail Space Available

      Divisible retail suites from 800 to 9,975 SF for lease.
      1610 E Forsyth St, Americus, GA 31709
      View Details
    • Contact for pricing

      Americus Educational Campus on 9.3 Acres

      73,000 SF institutional facility for lease or purchase.
      300 Cherokee St, Americus, GA 31709
      View Details
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    Americus, GA 31709
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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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