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    115 Russell Pkwy Warner Robins, GA 31088
    Property profile & analytics

    115 Russell Pkwy Warner Robins, GA 31088

    View on Map
    • Strip malls
    • 94,091 SF
    • 11.23 lot acres
    For Lease
    $6,365,000
    View Listing →
    Retail Space Near Robins AFB For Lease
    $6,365,000

    Retail Space Near Robins AFB

    Retail property with high visibility near a major Air Force Base.

    115 Russell Pkwy, Warner Robins, GA 31088
    View Listing
    Property ID
    US22-0944224
    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

    • Mrs. Betty’s Fried Chicken Restaurant LLC...Warner Robins location / Take-out & Catering / Restaurant
    • Electric Cloudz / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • Parkway Station / Shopping Center & Mall
    • Kroger / Grocery & Convenience Store / Food Market
    • Venture Connection / Employment Agency

    Property Details for 115 Russell Pkwy

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    11.23 lot acres
    Property size
    94,091 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    0W0870 003000
    APU
    0W0870003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,471,000
      Market price range: $6.33M - $18.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Warner Robins
    County
    Houston
    State
    Georgia
    Longitude
    -83.6256
    Latitude
    32.5925
    CBSA code
    47580
    CBSA name
    WARNER ROBINS, 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
    $50,453
    $561,480
    $968,640
    $1,530,120
    -
    $1,403,700
    $2,421,600
    $3,825,300

    Comparable in this City

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      16,500 SF

      590 Carl Vinson Pkwy

      SHOPPING CENTER, STRIP CENTER • 16,500 SF
      590 Carl Vinson Pkwy, Warner Robins, GA 31088-8430
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    • Value Estimation
      $1,465,000
      17,100 SF

      627 Houston Lk Rd

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      627 Houston Lk Rd, Warner Robins, GA 31088-9077
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      9,916 SF

      678 Lk Joy Rd

      SHOPPING CENTER, STRIP CENTER • 9,916 SF
      678 Lk Joy Rd, Warner Robins, GA 31088
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    • Value Estimation
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      14,674 SF

      623 Houston Lk Rd

      SHOPPING CENTER, STRIP CENTER • 14,674 SF
      623 Houston Lk Rd, Warner Robins, GA 31088-9093
      View Details
    • Value Estimation
      $940,000
      11,250 SF

      2611 Moody Rd

      SHOPPING CENTER, STRIP CENTER • 11,250 SF
      2611 Moody Rd, Warner Robins, GA 31088-7755
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Former Restaurant with Drive-Thru

      Highly visible building with existing drive-thru available for sale.
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      Warner Robins Commercial Property

      Commercial property available for sale or lease in Warner Robins.
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      2,200 SF

      Former Restaurant with Drive-Thru

      Highly visible restaurant space with drive-thru available for lease.
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    • $2,163,934

      Free-Standing Fresenius Medical Care Building

      Single tenant building in a dense retail corridor.
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      Retail Space Near Walmart

      Retail space in growing Warner Robins submarket near Walmart.
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      View Details
    • New
      $1,800,000
      9,450 SF

      Versatile Commercial Building, Warner Robins

      9,450 sq ft commercial property with multiple offices and garage.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Robins AFB

      Retail property with high visibility near a major Air Force Base.
      115 Russell Pkwy, Warner Robins, GA 31088
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available in high-traffic Warner Robins location.
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      Retail Space Available For Rent

      End cap retail space available in Warner Robins, Georgia.
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      10,201 SF

      Prime Commercial Property on Houston Lake

      Versatile 10,201 SF commercial space on a high-traffic road.
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      Retail/Office Space in Warner Robins

      Retail or office space available in Galleria Corners center.
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    • Contact for pricing

      Retail Space on Houston Lake

      4,000 SF retail space, excellent location near Highway 96.
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    Property Visit Statistics

    • Visits by month
      71.2k
    • Visitors by month
      33.8k
    • Avg Time on site
      24 min
    View Listing
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    Warner Robins, GA 31088
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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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