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    1030 W Gordon Ave Albany, GA 31701

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    1030 W Gordon Ave Albany, GA 31701

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    • Strip malls
    • 64,800 SF
    • 7.03 lot acres
    For Lease
    $1,800,000
    View Listing →
    Retail Space Anchored by Grocery For Lease
    $1,800,000

    Retail Space Anchored by Grocery

    Retail space for lease, anchored by a busy grocery store.

    1030 W Gordon Ave, Albany, GA 31701
    View Listing
    Property ID
    US22-3233005
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Homeboy Jewelers / (Bike/Boat/Book/etc) Store
    • Yang May X DDS / Dental Office
    • Chen Michael H DDS / Dental Office
    • Dixon's Wig & Beauty Supply / Cosmetic Store
    • Dr. Javier Johnson / Dental Office

    Property Details for 1030 W Gordon Ave

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.03 lot acres
    Property size
    64,800 SF
    Zone code
    C3
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    000DD/00029/001
    APU
    000DD00029001

    Description

    South Slappey Village offers a prime retail opportunity in a thriving shopping center. This multi-tenant strip center totals 99,724 square feet, with 3,088 square feet currently available for lease. The property boasts excellent visibility and accessibility, situated conveniently near South Slappey Blvd (US Hwy 19). A significant advantage is the recent opening of a new Food for Less grocery store, drawing substantial foot traffic and enhancing the overall appeal of the center. This established center provides a strong foundation for new businesses seeking high visibility and a proven customer base. The available space presents a versatile opportunity for a variety of retail uses, benefiting from the existing synergy and established customer flow generated by the anchor tenant. Further details regarding lease terms and specifications are available online. The property's location on a major highway ensures high traffic volume and easy access for customers. This is an exceptional chance to establish a presence in a successful and growing retail environment. Interested parties should visit the provided website for complete information and specifications.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,444,000
      Market price range: $2.44M - $6.86M
      AI Estimate
      $1,918,000
      Market price range: $1.92M - $6.86M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.1749
    Latitude
    31.5674
    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
    $39,136
    $219,120
    $620,880
    $840,000
    -
    $547,800
    $1,552,200
    $2,100,000

    Comparable in this City

    • Value Estimation by Request
      10,400 SF

      1301 Jefferson St

      SHOPPING CENTER, STRIP CENTER • 10,400 SF
      1301 Jefferson St, Albany, GA 31701-3348
      View Details
    • Value Estimation by Request
      8,434 SF

      5425 Newton Rd

      SHOPPING CENTER, STRIP CENTER • 8,434 SF
      5425 Newton Rd, Albany, GA 31701-7404
      View Details
    • Value Estimation by Request
      2,400 SF

      1608 Jefferson St

      SHOPPING CENTER, STRIP CENTER • 2,400 SF
      1608 Jefferson St, Albany, GA 31701-3604
      View Details
    • Value Estimation
      $1,800,000
      16,800 SF

      303 Slappey Blvd

      SHOPPING CENTER, STRIP CENTER • 16,800 SF
      303 Slappey Blvd, Albany, GA 31701-2669
      View Details
    • Value Estimation
      $590,000
      5,760 SF

      118 Philema Rd

      SHOPPING CENTER, STRIP CENTER • 5,760 SF
      118 Philema Rd, Albany, GA 31701-1253
      View Details
    • Value Estimation
      $645,000
      21,200 SF

      2204 Palmyra Rd

      SHOPPING CENTER, STRIP CENTER • 21,200 SF
      2204 Palmyra Rd, Albany, GA 31701-1322
      View Details

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      Former Restaurant with Development Potential

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    Similar Nearby for Lease

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      3,456 SF

      Retail Space in Albany, GA

      Retail spaces available in high-traffic Albany location.
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      14,820 SF

      Former Walgreens Retail Space

      Sublease opportunity in Albany, GA, 14,820 SF former Walgreens.
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      Retail Space Anchored by Grocery

      Retail space for lease, anchored by a busy grocery store.
      1030 W Gordon Ave, Albany, GA 31701
      View Details
    • Contact for pricing
      3,080 SF

      Retail Space on Slappey Blvd

      Retail space for rent with excellent visibility and access.
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      View Details
    • Contact for pricing

      Medical Facility with Surgery Center

      Move-in ready medical complex with clinic and surgery center.
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      Prime Outparcel Opportunity For Rent

      Outparcel opportunity with high visibility and traffic count.
      1001 N Slappey Blvd, Albany, GA 31701
      View Details
    View Listing
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    Albany, GA 31701
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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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