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    Property profile & analytics

    1916 Martin Luther King Jr Dr Albany, GA 31701-3615

    • Retail space
    • 2,200 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 10, 2022
    $20,000
    Location Intelligence
    Property ID
    US22-3393740
    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

    • Retail space

    Property Details for 1916 Martin Luther King Jr Dr

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.20 lot acres
    Property size
    2,200 SF
    Zone code
    R3
    Property type
    Retail space
    APN
    000BB/00018/032
    APU
    000BB00018032

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.1548
    Latitude
    31.5539
    CBSA code
    10500
    CBSA name
    ALBANY, 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
    $373
    $2,160
    $8,800
    $10,960
    -
    $5,400
    $22,000
    $27,400

    Comparable in this City

    • Value Estimation by Request
      1,060 SF

      808 Pne Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,060 SF
      808 Pne Ave, Albany, GA 31701-2461
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    • Value Estimation by Request
      1,652 SF

      401 Madison St

      RETAIL STORES (PERSONAL SERVICES) • 1,652 SF
      401 Madison St, Albany, GA 31701-2250
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    • Value Estimation by Request
      8,000 SF

      120 Roosevelt Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      120 Roosevelt Ave, Albany, GA 31701-2325
      View Details
    • Value Estimation by Request
      1,788 SF

      1510 Slappey Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,788 SF
      1510 Slappey Blvd, Albany, GA 31701-1430
      View Details
    • Value Estimation by Request
      2,624 SF

      121 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 2,624 SF
      121 Frnt St, Albany, GA 31701-2554
      View Details
    • Value Estimation by Request
      2,911 SF

      206 7th Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,911 SF
      206 7th Ave, Albany, GA 31701-2037
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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      Retail space for rent with excellent visibility and access.
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    • Contact for pricing
      12,000 SF

      Retail Space in Albany, GA

      Retail spaces available in high-traffic Albany location.
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    • $16 SF/Yr

      Retail Space Available Immediately

      Retail space for rent, available immediately.
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    • New
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    • $8 SF/Yr
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      Former Walgreens Retail Space

      Sublease opportunity in Albany, GA, 14,820 SF former Walgreens.
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    1916 Martin Luther King Jr Dr
    Albany, GA 31701-3615
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    Realmo Value Estimation

    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.

    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.

    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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