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1624 Watson Blvd Warner Robins, GA 31093

Investment properties Google Maps
12,290 SF 1.29 ac lot Built 1960
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$220k
Range $198k – $242k (±10%)
Property ID US22-1464919

Property summary

AI-generated overview

This exceptional 12,290-square-foot office building, located at 1624 Watson Blvd in Warner Robins, Georgia, presents a compelling investment opportunity. The property, built in 1960 and renovated in 2000, boasts a Class C designation and sits on a sizable 56,192-square-foot lot. Currently configured as a multi-tenant building with four occupants, each on a one-year lease, the Dehnad Center offers flexibility for owner-users. The building features a mix of executive, medical, and traditional office spaces, making it ideal for a variety of professional uses. Its prime location directly across from the Medical Center ensures high visibility and accessibility. The property includes 50 parking spaces and is zoned C2. The asking price is $1,000,000, translating to $81.37 per square foot. The building is a two-story structure with a gross lease type and credit-rated tenants. Occupancy commenced on October 24, 2022. This presents a unique chance to acquire a well-situated, established office complex in a thriving medical corridor. The building's size and layout allow for either full utilization or partial occupancy with the potential to lease out remaining space.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1960
Construction WOOD
Total area 12,290 SF
Lot 1.29 ac (56,192 SF)
Zoning code C2
APN 0W038J 006000
UPID US22-1464919

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center
  • Computer & Electronic Repair
  • Congregation
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$220k

Owner & transaction history

Zoning & alternative use

C2 · Warner Robins, GA
Top alternative use upside
Retail stores $1.5M +7.0%
Medical building $1.5M +2.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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