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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Strip malls
241 Oglethorpe Blvd, Albany, GA 31705-2705
Entity Owned
3-yr Hold
Free & Clear
Property ID
US22-3471143
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,270 SF
Lot
3.5 ac (152,460 SF)
Zoning code
C3
APN
0000C/00033/001
UPID
US22-3471143
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
-
Shabazz Fish Supreme Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.26M
Owner & transaction history
Trinity Investment Company LLC · 3 yrs held
Trinity Investment Company LLC
since 2023
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
C3 · Albany, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+45.6%
Medical building
$945,000
+18.1%
Commercial (general)
$930,000
+16.1%
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
Method
Estimation
Statistic approach
$1,435,000
ML approach
$1,490,000
CAP Approach
CAP Return
Estimation
6%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Current use
OFFICE BUILDING
$1,165,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$945,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$930,000
Change: +16% · Conversion: Easy
RETAIL STORES
$825,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$800,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $1.30M (Feb 13 2023)
Last sale anchor
$1.30M
Feb 13 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$123 / SF
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
$27,591
Tax year 2023
Assessed value
$592,200
Assessed 2023
Previous assessed
$592,200
+0.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$128,240
Assessed improvement
$463,960
Land market value
$320,600
Improvement market value
$1,159,900
Total market value
$1,480,500
Applied tax rate
6.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
10,270 SF
Lot
3.5 ac (152,460 SF)
Zoning code
C3
APN
0000C/00033/001
UPID
US22-3471143
Jurisdiction
DOUGHERTY
Zoning & alternative use
C3 · Albany, GA
Zoning C3 · permitted uses
C3 · Albany, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$800,000
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$930,000
RETAIL STORES
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$800,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Lot
3.5 ac
Current owner
From public records · entity-resolved
Trinity Investment Company LLC
Entity
Free & Clear · 3 yrs held
Mailing address
243 E OGLETHORPE BLVD, ALBANY, GA 31705-2705
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
—
D & G Real Properties Limited
—
Deed
related
$125,000 · Albany Community Together
Feb 13, 2023
—
Trinity Investment Company LLC
Bank Of Terrell
Quit Claim Deed
related
—
Dec 13, 2021
$1,300,000
Cunningham Derin
Trinity Investment Company LLC
Warranty Deed
$1,000,000 · Carver State Bank
Dec 13, 2021
—
D & G Real Properties LLC
Cunningham Dervin
Warranty 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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