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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1203 Main St Perry, GA 31069

    • Grocery and convenience stores
    • 9,799 SF
    • 1.09 lot acres
    OFF-MARKET
    Last Sale
    Aug 14, 2020
    $1,000,000
    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1343143
    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

    • Grocery and convenience stores

    Property Details for 1203 Main St

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    1.09 lot acres
    Property size
    9,799 SF
    Zone code
    C2
    Property type
    Grocery and convenience stores
    APN
    0P0020 083000
    APU
    0P0020083000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $840,000
      ML approach
      $1,045,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,394,000
      Market price range: $1.27M - $3.76M
      AI Estimate
      $593,000
      Market price range: $593k - $1.64M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,350,000
      Current use
      COMMERCIAL (GENERAL)
      $1,120,000
      Change: -17% Conversion: Easy
      OFFICE BUILDING
      $1,110,000
      Change: -18% Conversion: Moderate
      MEDICAL BUILDING
      $1,105,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Houston
    State
    Georgia
    Longitude
    -83.7274
    Latitude
    32.4601
    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
    $8,906
    $66,640
    $174,120
    $240,760
    -
    $166,600
    $435,300
    $601,900

    Comparable in this City

    • Value Estimation
      $275,000
      3,877 SF

      517 Perry Pkwy

      CONVENIENCE STORE • 3,877 SF
      517 Perry Pkwy, Perry, GA 31069-2420
      View Details
    • Value Estimation
      $285,000
      3,240 SF

      285 Perry Pkwy

      CONVENIENCE STORE • 3,240 SF
      285 Perry Pkwy, Perry, GA 31069-9275
      View Details
    • Value Estimation
      $305,000
      4,740 SF

      1424 Sam Nunn Blvd

      CONVENIENCE STORE • 4,740 SF
      1424 Sam Nunn Blvd, Perry, GA 31069-2126
      View Details
    • Value Estimation
      $245,000
      4,050 SF

      101 Marshallville Rd

      CONVENIENCE STORE • 4,050 SF
      101 Marshallville Rd, Perry, GA 31069-3190
      View Details
    • Value Estimation
      $540,000
      2,400 SF

      504 Perry Pkwy

      CONVENIENCE STORE • 2,400 SF
      504 Perry Pkwy, Perry, GA 31069-2422
      View Details
    • Value Estimation by Request
      10,640 SF

      1701 Kings Chapel Rd

      Restaurants • 10,640 SF
      1701 Kings Chapel Rd, Perry, GA 31069
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,492 SF

      Perry, GA QSR Redevelopment Opportunity

      Vacant Chick-fil-A, High Traffic Area
      1363 Sam Nunn Blvd, Perry, GA 31069
      View Details
    • Contact for pricing
      3,492 SF

      Retail Space in Perry Marketplace

      Retail space in a high-traffic Perry shopping center.
      1363 Sam Nunn Blvd, Perry, GA 31069
      View Details
    • Contact for pricing

      Downtown Perry Build-to-Suit Land

      Prime Downtown Perry Location: Build Your Vision
      104 Washington St, Perry, GA 31069
      View Details
    • $1,500,000
      3.12 Acres

      Prime Perry, GA Land - 3.12 Acres

      High-traffic location, C-3 zoned, development ready.
      200 General Courtney Hodges Blvd, Perry, GA 31069
      View Details
    • Contact for pricing
      3.30 Acres

      Perry Pkwy Land: Prime Redevelopment Site

      3.3 Acres, High Traffic, C2 Zoning
      0 Perry Pkwy, Perry, GA 31069
      View Details
    • $1,200,000
      4.01 Acres

      Prime Perry Commercial Land

      4 Acres, High-Growth Potential
      1802 Houston Lake Rd, Perry, GA 31069
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      14,000 SF

      Perry, GA Retail Center - 14,000 SF

      New 2024 Retail Space, Prime Location
      1904 Houston Lake Rd, Perry, GA 31069
      View Details
    • Contact for pricing
      6,748 SF

      Perry Plaza Retail Space For Lease

      Prime Perry, GA Retail Opportunity
      1506 Sam Nunn Blvd, Perry, GA 31069
      View Details
    • Contact for pricing
      4,658 SF

      Former Restaurant Space Available

      Restaurant or retail opportunity in Perry, Georgia.
      100 Valley Dr, Perry, GA 31069
      View Details
    • $32 SF/Yr
      13,622 SF

      Perry Creative Office Suites

      Downtown Perry Retail & Office Space Available
      1013 Northside Dr, Perry, GA 31069
      View Details
    • Contact for pricing
      497,890 SF

      Perry, GA Commercial Land Opportunity

      Five prime retail lots near I-75.
      0 Ag Vlg Blvd, Perry, GA 31069
      View Details
    • $12 SF/Yr
      6,396 SF

      Perry, GA Office Building For Lease

      6,396 SF Office, Single Tenant, 1.61 Acres
      103 Industrial Park Dr, Perry, GA 31069
      View Details
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    1203 Main St
    Perry, GA 31069
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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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