2406 Westgate Dr Albany, GA 31707-2277
Property Lookup
Property profile & analytics
2406 Westgate Dr Albany, GA 31707-2277
- Outlet malls
- 29,822 SF
- 3.13 lot acres
Property ID
US22-3326462
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.
Location Intelligence
Current Use by Public Records
- Office Depot Print & Copy Services / (Bike/Boat/Book/etc) Store / Printing Service
- Office Depot Tech Services / Tech Support Center / IT Consulting Firm
- FedEx ShipSite / Postal Service / Courier Service
- Office Depot / (Bike/Boat/Book/etc) Store
- Coinhub Bitcoin ATM Teller / Atm
Property Details for 2406 Westgate Dr
- Year built
- 1997
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.13 lot acres
- Property size
- 29,822 SF
- Zone code
- C7
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 0000P/00002/01B
- APU
- 0000P0000201B
Description
This exceptional retail investment opportunity presents a 29,977 square foot property located at 2406 Westgate Dr, Albany, GA 31707, situated on a 2.6-acre lot. Currently 100% occupied by two corporate tenants, Office Depot and Lade Electric, the property boasts a strong financial profile with a 9.00% cap rate and a net operating income (NOI) of $324,353. The asking price is $3,603,922, translating to $120.22 per square foot. The leases are Net Lease (NN+) with corporate guarantees, providing significant security. The primary lease with Office Depot has a 25+ year operating history, and a new 10-year lease with U.S. Electrical Services, Inc. was recently executed. Both leases include rent bumps. The property was built in 1997 and underwent renovations in 2024. Lease options of 3 and 5 years are included. This prime retail location benefits from high traffic volume on Dawson Road, serving a population exceeding 70,000 within a 5-mile radius. The property's strong tenant base, long-term leases, and excellent location make it an attractive investment opportunity with significant potential for future returns.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,180,000
- ML approach
- $2,145,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,406,000
- AI Estimate
- $2,480,000
Market price range: $927k - $3.44MMarket price range: $938k - $3.58M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,390,000 Current use
- MEDICAL BUILDING
- $2,745,000 Change: +15% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,700,000 Change: +13% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,330,000 Change: -3% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,325,000 Change: -3% Conversion: Moderate
- OFFICE BUILDING
- $2,215,000 Change: -7% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Dougherty
- State
- Georgia
- Longitude
- -84.2076
- Latitude
- 31.6046
- 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
$39,222
$256,480
$585,380
$841,860
-
$641,200
$1,463,450
$2,104,650
