Technical
Financial
Distress signals
Property profile

1001 Slappey Blvd Albany, GA 31701

OFF-MARKET
Outlet malls
Property ID
US22-3251065
19,500 SF 2.33 ac lot Built 1963
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10.097-acre commercial property in Albany, Georgia, presents a significant investment opportunity. Strategically located on Slappey Boulevard, it enjoys convenient proximity to the airport, major industrial areas, and key trucking routes. The property boasts a substantial 58,401 square feet of building space, including a main structure of 43,795 square feet. This main building comprises a spacious 28,000 square foot garage/warehouse area, complemented by 15,795 square feet of climate-controlled space, ideal for offices, showrooms, or a parts room. Three additional detached buildings enhance the property's versatility: a former body shop (12,040 sq ft), a storage building (1,890 sq ft), and a sales office (676 sq ft). The site features 7 fenced acres, 5 acres of asphalt paving, and 2.9 acres of open land, providing ample space for various uses. Two commercial entrances and pole lighting throughout the lot ensure excellent visibility and accessibility. A gated alley provides secure access to the rear of the property. Currently, a portion of the property generates income through existing leases: a car lot occupying the sales office pays $3,000 per month, while a secondary mechanic shop (Wallace Shop) in the rear pays $1,200 monthly. This property offers substantial potential for a variety of commercial ventures.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 19,500 SF
Lot 2.33 ac (101,495 SF)
Zoning code C1
APN 0000G/00037/003
UPID US22-3251065

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Shopping Center & Mall
  • Car Dealership

Location

1001 Slappey Blvd Albany, GA 31701-1420
Albany metro Census 600 ALBANY, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$435k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

C1 · Albany, GA
Top alternative use upside
Medical building $1.8M +130.9%
Commercial (general) $1.8M +127.0%
Auto repair, garage $1.5M +95.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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