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    Property profile & analytics

    109 Sultana Dr Fitzgerald, GA 31750

    • Warehouses
    • 3,520 SF
    • 0.15 lot acres
    For Sale
    View listing
    $192,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3584846
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Selah School of Arts / Dance School

    Property Details for 109 Sultana Dr

    Year built
    1970
    Lot size
    0.15 lot acres
    Property size
    3,520 SF
    Zone code
    RESIDENTIAL
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    B3-S1-L13+P1
    APU
    B3S1L13P1

    Description

    This exceptional 3,520 square foot commercial property in Fitzgerald, Georgia, sits on a 0.15-acre lot and presents a unique investment opportunity. Currently configured as a dance studio, the building offers remarkable adaptability for a wide array of businesses. The spacious layout includes a sizable lobby area and 1.1 bathrooms, providing ample space for clients and staff. A massive, open central room offers limitless potential for retail, office, or event space. A rear room features high ceilings, built-in storage, and a loft area, perfect for additional workspace or inventory storage. The entire building benefits from climate control for year-round comfort. Convenient access is provided by double doors at the rear, and the potential for a loading dock exists with the reinstallation of roll-up doors. Located at 109 E Sultana Dr, Fitzgerald, GA 31750, this property is easily accessible, with directions available upon request. Priced at $192,900, this is a must-see property with endless potential.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fitzgerald
    County
    Ben Hill
    State
    Georgia
    Longitude
    -83.2535
    Latitude
    31.7236
    CBSA code
    22340
    CBSA name
    FITZGERALD, GA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $919
    $3,360
    $18,183
    $21,543
    -
    $8,400
    $45,457
    $53,857

    Comparable in this City

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    • Value Estimation
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      120 Colony Dr

      MINI-WAREHOUSE, STORAGE • 2,982 SF
      120 Colony Dr, Fitzgerald, GA 31750-5268
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    • Value Estimation by Request
      15,912 SF

      222 Monitor Dr

      MINI-WAREHOUSE, STORAGE • 15,912 SF
      222 Monitor Dr, Fitzgerald, GA 31750-2624
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    • Value Estimation
      $70,000
      1,560 SF

      210 Alapaha St

      MINI-WAREHOUSE, STORAGE • 1,560 SF
      210 Alapaha St, Fitzgerald, GA 31750-2102
      View Details
    • Value Estimation
      $220,000
      4,600 SF

      Bowens Ml Hwy

      MINI-WAREHOUSE, STORAGE • 4,600 SF
      Bowens Ml Hwy, Fitzgerald, GA 31750
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    • Value Estimation by Request
      2,400 SF

      116 Central Ave

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      116 Central Ave, Fitzgerald, GA 31750-2501
      View Details

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    109 Sultana Dr
    Fitzgerald, GA 31750
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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.

    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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