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    1009 3rd Ave Albany, GA 31701-1707

    Located in North Albany, off Slappey Boulevard, this mixed-use property features a blend of historic character and modern functionality. Constructed in 1938, the property includes restored hardwood floors, ornate fireplaces, arched entryways, and custom woodwork. The property is zoned C-3 commercial, making it suitable for various business types and potentially for conversion into a single-family residence. The layout is configured as a 2-bedroom, but was originally a 3-bedroom; a dividing wall could be reinstalled to return it to a 3-bedroom setup. It includes two full bathrooms, a fully equipped kitchen, and a laundry room. Situated on a 1.2-acre lot, the property provides ample parking and includes a separate storage building. Upgrades include a replaced roof and HVAC system.
    • Mixed-use properties
    • 1,767 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimation
    $125,000
    Last Sale
    May 13, 2025
    $167,000
    Location Intelligence
    Property ID
    US22-3018175
    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

    • Mixed-use properties

    Property Details for 1009 3rd Ave

    Year built
    1938
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.57 lot acres
    Property size
    1,767 SF
    Zone code
    C5
    Property type
    Mixed-use properties
    APN
    000FF/00041/002
    APU
    000FF00041002

    Property Overview

    Located in North Albany, off Slappey Boulevard, this mixed-use property features a blend of historic character and modern functionality. Constructed in 1938, the property includes restored hardwood floors, ornate fireplaces, arched entryways, and custom woodwork. The property is zoned C-3 commercial, making it suitable for various business types and potentially for conversion into a single-family residence. The layout is configured as a 2-bedroom, but was originally a 3-bedroom; a dividing wall could be reinstalled to return it to a 3-bedroom setup. It includes two full bathrooms, a fully equipped kitchen, and a laundry room. Situated on a 1.2-acre lot, the property provides ample parking and includes a separate storage building. Upgrades include a replaced roof and HVAC system.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $105,000

    • CAP approach

      CAP return
      Estimation
      6%
      $140,000
      6.5%
      $155,000
      7%
      $165,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $125,000
      Geo Method
      $150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $130,000
      Retail
      $140,000
      Mixed-Use
      $140,000
      Hospitality
      $120,000
      Educational
      $120,000
      Residential Income
      $165,000
      Energy
      $160,000
      Income-Based Land
      $145,000
      Food Service
      $155,000

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.1749
    Latitude
    31.5907
    CBSA code
    10500
    CBSA name
    ALBANY, GA METROPOLITAN 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
    2023
    $604
    $11,320
    $1,640
    $12,960
    -
    $28,300
    $4,100
    $32,400

    Comparable in this City

    • Value Estimation by Request
      1,899 SF

      601 Washington St

      STORE/OFFICE (MIXED USE) • 1,899 SF
      601 Washington St, Albany, GA 31701-2348
      View Details
    • Value Estimation
      $150,000
      1,260 SF

      828 Oglethorpe Blvd

      STORE/OFFICE (MIXED USE) • 1,260 SF
      828 Oglethorpe Blvd, Albany, GA 31701-2720
      View Details
    • Value Estimation
      $145,000
      2,780 SF

      532 Pne Ave

      STORE/OFFICE (MIXED USE) • 2,780 SF
      532 Pne Ave, Albany, GA 31701-2402
      View Details
    • Value Estimation
      $555,000
      6,870 SF

      2590 Slappey Blvd

      STORE/OFFICE (MIXED USE) • 6,870 SF
      2590 Slappey Blvd, Albany, GA 31701-1012
      View Details
    • Value Estimation by Request
      2,789 SF

      1201 Madison St

      Office space • 2,789 SF
      1201 Madison St, Albany, GA 31701
      View Details
    • Value Estimation by Request
      0.91 Acres

      850 Oak Hls Ln

      VACANT COMMERCIAL LAND • 0.91 Acres
      850 Oak Hls Ln, Albany, GA 31701-6601
      View Details

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      0.11 Acres

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    Similar Nearby for Lease

    • $12 SF/Yr
      99,724 SF

      South Slappey Village Retail Center

      High-traffic retail space available.
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    • $4,500 /Mo
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    • $1,200 /Mo
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      Renovated Flex Spaces For Lease

      Affordable, renovated flex spaces in high-traffic Albany, GA corridor.
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    • $10 SF/Yr
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      Land • 6,020 SF
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    • Contact for pricing
      12,000 SF

      Retail Space in Albany, GA

      Retail spaces available in high-traffic Albany location.
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    • Contact for pricing

      Prime Outparcel Opportunity For Rent

      Outparcel opportunity with high visibility and traffic count.
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      View Details
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    1009 3rd Ave
    Albany, GA 31701-1707
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    Realmo Value Estimation

    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.

    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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