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    Property profile & analytics

    1602 Sam Nunn Blvd Perry, GA 31069-2055

    • Motels
    • 22,832 SF
    • 3.01 lot acres
    OFF-MARKET
    Value Estimations
    $1,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0522770
    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

    • Quality Inn National Fairgrounds Area / Hotel & Motel

    Property Details for 1602 Sam Nunn Blvd

    Year built
    1990
    Construction
    WOOD
    Lot size
    3.01 lot acres
    Property size
    22,832 SF
    Zone code
    C1
    Property type
    Motels
    APN
    0P0400 027000
    APU
    0P0400027000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,192,000
      Market price range: $317k - $1.19M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,070,000
      MEDICAL BUILDING
      $1,745,000
      AUTO REPAIR, GARAGE
      $1,645,000
      WAREHOUSE, STORAGE
      $1,450,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Houston
    State
    Georgia
    Longitude
    -83.7466
    Latitude
    32.4752
    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
    $22,566
    $188,000
    $1,070,720
    $1,258,720
    -
    $470,000
    $2,676,800
    $3,146,800

    Comparable in this City

    • Value Estimation
      $645,000
      27,186 SF

      110 Ag Vlg Blvd

      MOTEL • 27,186 SF
      110 Ag Vlg Blvd, Perry, GA 31069-7505
      View Details
    • Value Estimation
      $1,010,000
      41,985 SF

      102 Plz Dr

      MOTEL • 41,985 SF
      102 Plz Dr, Perry, GA 31069-2143
      View Details
    • Value Estimation by Request
      9,776 SF

      400 General Courtney Hodges Blvd

      MOTEL • 9,776 SF
      400 General Courtney Hodges Blvd, Perry, GA 31069-3206
      View Details
    • Value Estimation by Request
      21,632 SF

      1006 Saint Patricks Dr

      MOTEL • 21,632 SF
      1006 Saint Patricks Dr, Perry, GA 31069-2100
      View Details
    • Value Estimation
      $520,000
      22,592 SF

      100 Westview Ln

      MOTEL • 22,592 SF
      100 Westview Ln, Perry, GA 31069-3159
      View Details
    • Value Estimation by Request
      10,816 SF

      1004 Saint Patricks Dr, Unit A

      MOTEL • 10,816 SF
      1004 Saint Patricks Dr, Perry, GA 31069-2145
      View Details

    Similar Nearby for Sale

    • $450,000
      1.50 Acres

      Commercial Land on Highway 341

      1.5 acres with high traffic, suitable for various commercial uses.
      Us Highway 341 S, Perry, GA 31069
      View Details
    • $300,000
      1.17 Acres

      Downtown Perry Commercial Land

      Prime 1.17-acre commercial lot in Perry, GA.
      108 Mims Ct, Perry, GA 31069
      View Details
    • $1,850,000

      Commercial Land Available For Sale

      11.49 acre commercial lot zoned C2, can be subdivided.
      491 Langston Rd, Perry, GA 31069
      View Details
    • Contact for pricing

      Perry Parkway Commercial Land

      Prime Commercial Land, High-Growth Area
      252 Perry Pkwy, Perry, GA 31069
      View Details
    • $1,850,000
      11 SF

      Commercial Land Available For Sale

      11.49 acre commercial lot zoned C2, can be subdivided.
      Hwy 41 & Langston Rd, Perry, GA 31069
      View Details
    • $3,729,000
      74.58 Acres

      Prime Perry Development Land

      74 Acres, PUD & C2 Zoning, $3.7M
      0 Perimeter Rd @ Hwy 41, Perry, GA 31069
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Ground Lease Opportunity

      Divisible commercial land for ground lease with utilities available.
      1320 Sam Nunn 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
    • Contact for pricing

      Commercial Land Lease Opportunity

      1.58 acres of divisible commercial land for lease.
      704 Walcott St, Perry, GA 31069
      View Details
    • Contact for pricing

      Commercial Land Lease Opportunity

      1.58 acres of divisible commercial land for lease.
      702 Walcott St, 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
      12,000 SF

      Perry Warehouse: 12,000 SF

      1-Story Warehouse, Prime Location
      103 Industrial Park Dr, Perry, GA 31069
      View Details
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    Perry, GA 31069-2055
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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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