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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Grocery and convenience stores
1308 Clark Ave Albany, GA 31705-2222
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-2911206
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1990
Construction
STEEL FRAME
Total area
6,000 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C2
APN
000EE/00023/007
UPID
US22-2911206
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
-
Rubo's Inc Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$499k
Blend (final)
Blend
$605k
Owner & transaction history
Dhven Enterprise LLC · 1 yrs held
Dhven Enterprise LLC
since 2025
Last sale
$705,000
4 recorded transactions
Zoning & alternative use
C2 · Albany, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$680,000
+41.6%
Medical building
$550,000
+14.9%
Commercial (general)
$545,000
+13.0%
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
$610,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
RETAIL STORES
$480,000
Current use
OFFICE BUILDING
$680,000
Change: +42% · Conversion: Easy
MEDICAL BUILDING
$550,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$545,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$470,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$470,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $705k (Jan 24 2025)
Last sale anchor
$705k
Jan 24 2025
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
$101 / 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
$4,801
Tax year 2023
Assessed value
$103,040
Assessed 2023
Previous assessed
$103,040
+0.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$4,200
Assessed improvement
$98,840
Land market value
$10,500
Improvement market value
$247,100
Total market value
$257,600
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Stories
1
Rooms
2
Total area
6,000 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C2
APN
000EE/00023/007
UPID
US22-2911206
Jurisdiction
DOUGHERTY
Zoning & alternative use
C2 · Albany, GA
Zoning C2 · permitted uses
C2 · 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
RETAIL STORES Current
Est. value
$480,000
OFFICE BUILDING
Est. value
$680,000
MEDICAL BUILDING
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$470,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$470,000
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1990
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Dhven Enterprise LLC
Entity
Mailing address
1308 CLARK AVE, ALBANY, GA 31705-2222
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
$705,000
Dhven Enterprise LLC
Omni Serve Store LLC
Deed
$700,000 · Southern States Bank
Apr 5, 2024
$575,000
Omni Serve Store LLC
Mp Venture Management LLC
Quit Claim Deed
related
$375,000 · Mp Venture Management
Feb 15, 2023
$200,000
Mp Venture Management LLC
Rajendrakumar K Prajapati
Warranty Deed
—
Oct 14, 2022
$180,000
Rajendrakumar K Prajapati
Patrick Investment Corp
Warranty Deed
$155,000 · Patrick Investment
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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