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Property profile & analytics
OFF-MARKET
Medical Office Space
2305 Lullwater Rd Albany, GA 31707-3180
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US22-2314711
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
WOOD
Total area
4,090 SF
Lot
1.06 ac (46,174 SF)
Zoning code
C7
APN
0000P/00002/001
UPID
US22-2314711
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
-
Perkins Larry DDS Dental Office
-
Simmons Kent C DDS Dental Office
-
Perkins & Simmons Dental Office
-
Watson Jessica C DDS Dental Office
-
Luther Perkins Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kent C Simmons · 12 yrs held
Kent C Simmons
since 2014
3 recorded transactions
Zoning & alternative use
C7 · Albany, GA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,099
Tax year 2023
Assessed value
$216,760
Assessed 2023
Previous assessed
$216,760
+0.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$50,880
Assessed improvement
$165,880
Land market value
$127,200
Improvement market value
$414,700
Total market value
$541,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
27
Total area
4,090 SF
Lot
1.06 ac (46,174 SF)
Zoning code
C7
APN
0000P/00002/001
UPID
US22-2314711
Jurisdiction
DOUGHERTY
Zoning & alternative use
C7 · Albany, GAZoning C7 · permitted uses
C7 · Albany, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
TITLE II
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
27
Lot
1.06 ac
Current owner
From public records · entity-resolved
Kent C Simmons
Individual
Mailing address
2305 LULLWATER RD, ALBANY, GA 31707-3180
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2014
$265,000
Kent C Simmons
L Larry Perkins
Warranty Deed
$265,000 · Ameris Bank
Jul 26, 2007
—
Horthwest Plaza LLC
Phillip D Hajek
Deed
—
Jul 16, 2007
$98,000
Phillip D Hajek
Kent C Simmons
Deed
—
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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