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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
108 Magnolia St Albany, GA 31707-4225
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-3162617
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1976
Construction
STEEL FRAME
Total area
6,000 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C3
APN
0000H/00003/25G
UPID
US22-3162617
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Magnolia Grocery Store Grocery & Convenience Store
-
Magnolia Grocery Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sanjoy LLC · 3 yrs held
Sanjoy LLC
since 2023
Last sale
$450,000
6 recorded transactions
Zoning & alternative use
C3 · Albany, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,952
Tax year 2023
Assessed value
$106,280
Assessed 2023
Previous assessed
$106,280
+0.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$8,880
Assessed improvement
$97,400
Land market value
$22,200
Improvement market value
$243,500
Total market value
$265,700
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Rooms
4
Total area
6,000 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C3
APN
0000H/00003/25G
UPID
US22-3162617
Jurisdiction
DOUGHERTY
Zoning & alternative use
C3 · Albany, GA
Zoning C3 · permitted uses
C3 · Albany, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Rooms
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
Sanjoy LLC
Entity
Mailing address
149 GRAND IS DR, ALBANY, GA 31707-1271
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
$450,000
Sanjoy LLC
Anjana 88 INC
Warranty Deed
—
Mar 1, 2022
$360,000
Anjana 88 INC
Bapa 108 LLC
Warranty Deed
—
Aug 10, 2020
$170,000
Bapa 108 LLC
Joseph R Sheffield
Warranty Deed
—
Dec 28, 2012
$165,000
Joseph R Sheffield
William Randall Lee
Warranty Deed
$148,700 · Bank Of Lee County
Nov 11, 2005
$205,000
William Randall Lee
Albany Bank & Trust
Deed
—
Jan 4, 2005
—
Albany Bank & Trust
Griner Hardware INC
Foreclosure
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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