Property profile & analytics
1201 Stuart Ave Albany, GA 31707-1803
- Office buildings
- 7,140 SF
- 1.59 lot acres
OFF-MARKET
Last Sale
Feb 20, 2025
Feb 20, 2025
Value Estimations
$825,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US22-3376394
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
- WFXL FOX 31 / Television Studio / Media Distribution
Property Details for 1201 Stuart Ave
- Year built
- 1994
- Construction
- WOOD
- Lot size
- 1.59 lot acres
- Property size
- 7,140 SF
- Zone code
- C1
- Property type
- Office buildings
- APN
- 000MM/00015/034
- APU
- 000MM00015034
Description
This exceptional 7,140-square-foot Class B office building, situated on a 1.59-acre lot in Northwest Albany, Georgia, presents a compelling investment opportunity. Built in 1994 and renovated in 2014, the single-story structure boasts 17 individual offices, two conference rooms, a breakroom, a reception area, a mechanical/IT room, and three bathrooms. Ample parking is provided with 53 spaces, including two handicap-accessible spots. The property benefits from a new roof (2019) and a 50 KW Olympia D5OP3S backup generator, ensuring operational continuity. Its strategic location on Stuart Avenue, with approximately 7,700 cars passing daily, and its proximity to Palmyra Road (approx. 5,500 cars daily) and US Hwy 82, guarantees high visibility and accessibility. The property is zoned C-1 and features a current lease expiring December 31, 2024. The asking price is $599,000, translating to $83.89 per square foot. This well-maintained building is ideal for a variety of uses and offers significant potential for future income generation. The APN is 000MM/00015/034.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,115,000
- 6.5%
- $1,030,000
- 7%
- $955,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $669,000
- AI Estimate
- $774,000
Market price range: $320k - $804kMarket price range: $292k - $943k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $530,000 Current use
- MEDICAL BUILDING
- $655,000 Change: +24% Conversion: Easy
- COMMERCIAL (GENERAL)
- $645,000 Change: +22% Conversion: Easy
- RETAIL STORES
- $570,000 Change: +8% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $555,000 Change: +5% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $555,000 Change: +5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Dougherty
- State
- Georgia
- Longitude
- -84.1778
- Latitude
- 31.6122
- 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
$11,254
$36,280
$205,280
$241,560
-
$90,700
$513,200
$603,900
