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    Property profile & analytics

    2308 Palmyra Rd Albany, GA 31701-1324

    • Medical offices
    • 8,885 SF
    • 1.16 lot acres
    OFF-MARKET
    Value Estimation
    $765,000
    Last Sale
    Jan 02, 2024
    $782,250
    Location Intelligence
    Property ID
    US22-2380561
    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

    • Sturridge Kirk A MD / Doctor
    • Kent J. Smith, OD / Optometrist
    • Peddada Ram R MD / Rheumatologist
    • Dr. Scot A. Wall, MD / Optometrist / Ophthalmologist
    • Heersink Sebastian B MD / Optometrist

    Property Details for 2308 Palmyra Rd

    Year built
    1983
    Construction
    WOOD
    Lot size
    1.16 lot acres
    Property size
    8,885 SF
    Zone code
    C5
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    0000N/00014/020
    APU
    0000N00014020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $780,000

    • CAP approach

      CAP return
      Estimation
      6%
      $705,000
      6.5%
      $725,000
      7%
      $815,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $715,000
      Geo Method
      $690,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $740,000
      Retail
      $615,000
      Mixed-Use
      $675,000
      Hospitality
      $775,000
      Educational
      $700,000
      Residential Income
      $695,000
      Energy
      $775,000
      Income-Based Land
      $780,000
      Food Service
      $630,000

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.1745
    Latitude
    31.6099
    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
    $24,985
    $29,080
    $507,200
    $536,280
    -
    $72,700
    $1,268,000
    $1,340,700

    Comparable in this City

    • Value Estimation by Request

      500 3rd Ave

      MEDICAL BUILDING
      500 3rd Ave, Albany, GA 31701-1985
      View Details
    • Value Estimation
      $7,540,000
      5,476 SF

      810 13th Ave

      MEDICAL BUILDING • 5,476 SF
      810 13th Ave, Albany, GA 31701-1388
      View Details
    • Value Estimation
      $7,665,000
      5,433 SF

      804 13th Ave

      MEDICAL BUILDING • 5,433 SF
      804 13th Ave, Albany, GA 31701-1328
      View Details
    • Value Estimation
      $460,000
      7,011 SF

      601 2nd Ave

      MEDICAL BUILDING • 7,011 SF
      601 2nd Ave, Albany, GA 31701
      View Details
    • Value Estimation
      $540,000
      8,075 SF

      1801 Palmyra Rd

      MEDICAL BUILDING • 8,075 SF
      1801 Palmyra Rd, Albany, GA 31701-1572
      View Details
    • Value Estimation
      $225,000
      2,483 SF

      706 Slappey Blvd

      MEDICAL BUILDING • 2,483 SF
      706 Slappey Blvd, Albany, GA 31701-1414
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
      12,000 SF

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      Retail spaces available in high-traffic Albany location.
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      Prime Outparcel Opportunity For Rent

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    • $16 SF/Yr

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      Retail space for rent, available immediately.
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    2308 Palmyra Rd
    Albany, GA 31701-1324
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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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