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Property profile & analytics
FOR SALE
Office buildings
1508 Dougherty Ave Albany, GA 31705
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-3083646
For Sale
1 / 4
$5,217,230
1508 Dougherty Ave, Albany, GA 31705
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Construction
STEEL FRAME
Total area
61,412 SF
Lot
8.88 ac (386,813 SF)
Zoning code
M1
APN
00186/00001/07C
UPID
US22-3083646
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
-
FedEx Drop Box Postal Service Courier Service
-
FedEx Ground Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.25M
Owner & transaction history
Mpi3 Albany LLC · 3 yrs held
Mpi3 Albany LLC
since 2023
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
M1 · Albany, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,520,000
ML approach
$5,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,970,000
Current use
MEDICAL BUILDING
$5,655,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$5.25M
Range $4.73M – $5.78M · ±10% · vs last sale $5.00M (Feb 21 2023)
Last sale anchor
$5.00M
Feb 21 2023
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
$85 / 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
$51,053
Tax year 2023
Assessed value
$1,095,800
Assessed 2023
Previous assessed
$1,095,800
+0.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$31,960
Assessed improvement
$1,063,840
Land market value
$79,900
Improvement market value
$2,659,600
Total market value
$2,739,500
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
For Sale
Year built
2012
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Stories
1
Total area
61,412 SF
Lot
8.88 ac (386,813 SF)
Zoning code
M1
APN
00186/00001/07C
UPID
US22-3083646
Jurisdiction
DOUGHERTY
Zoning & alternative use
M1 · Albany, GA
Zoning M1 · permitted uses
M1 · 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
$7.0M
MEDICAL BUILDING
Est. value
$5.7M
OFFICE BUILDING Current
MEDICAL BUILDING
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
2012
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
8.88 ac
Current owner
From public records · entity-resolved
Mpi3 Albany LLC
Entity
Mailing address
8458 EAGLEVILLE AVE, DELRAY BEACH, FL 33446-0006
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
$5,000,000
Mpi3 Albany LLC
Micden LLC
Limited Warranty Deed
—
Dec 27, 2016
—
Cortez Road Of Bradenton Li
—
Deed
related
$2,664,750 · Ab & T National Bank
Jun 29, 2016
$4,845,000
Cortez Road Of Bradenton Trust
Arc Feabyga001 LLC
Special Warranty Deed
—
Oct 11, 2013
$4,347,692
Arc Feabyga001 LLC
Setzer Properties Zaln LLC
Warranty Deed
—
Jul 9, 2012
$131,550
Setzer Properties Zaln LLC
Payroll D Albany Dougherty
Warranty Deed
$3,690,000 · Branch Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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