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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Office buildings
1201 Stuart Ave, Albany, GA 31707-1803
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-3376394
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD
Total area
7,140 SF
Lot
1.59 ac (69,260 SF)
Zoning code
C1
APN
000MM/00015/034
UPID
US22-3376394
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
-
WFXL FOX 31 Television Studio Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$825k
Owner & transaction history
Charlice J Dukes LLC · 1 yrs held
Charlice J Dukes LLC
since 2025
3 recorded transactions
Zoning & alternative use
C1 · Albany, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$655,000
+23.9%
Commercial (general)
$645,000
+21.8%
Retail stores
$570,000
+7.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,115,000
6.5%
$1,030,000
7%
$955,000
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
Blend value · Realmo final
$825k
Range $743k – $908k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$116 / SF
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
$11,254
Tax year 2023
Assessed value
$241,560
Assessed 2023
Previous assessed
$241,560
+0.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$36,280
Assessed improvement
$205,280
Land market value
$90,700
Improvement market value
$513,200
Total market value
$603,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Rooms
31
Total area
7,140 SF
Lot
1.59 ac (69,260 SF)
Zoning code
C1
APN
000MM/00015/034
UPID
US22-3376394
Jurisdiction
DOUGHERTY
Zoning & alternative use
C1 · Albany, GA
Zoning C1 · permitted uses
C1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$530,000
MEDICAL BUILDING
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$645,000
RETAIL STORES
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$555,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Rooms
31
Lot
1.59 ac
Current owner
From public records · entity-resolved
Charlice J Dukes LLC
Entity
Mailing address
3181 GA HWY 300, OAKFIELD, GA 31772-1720
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
—
Charlice J Dukes LLC
Finnco Investments LLC
Deed
$757,543 · Georgia Community Bank
Oct 28, 2021
—
Finnco Investments LLC
Charlie Nixon Finney
Warranty Deed
—
Jun 10, 2021
—
Charlie N Finney
Charles Eugene Finney
Warranty Deed
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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