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    Property profile & analytics
    FOR LEASE
    Strip malls

    244 Cordele Rd, Albany, GA 31705

    36,000 SF 5.07 ac lot Built 2010
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US22-3241681
    Property summary
    AI-generated overview

    Albany Crossing, located at 244 Cordele Rd in Albany, Georgia (zip code 31705), presents a fantastic opportunity for a single-tenant retail business. This property is situated in Dougherty County and offers a total building size of 36,000 square feet, with 2,360 square feet currently available for lease. The space is categorized as commercial retail and is ideal for a variety of businesses seeking a prominent location in Albany. The property's address provides easy access and high visibility for potential customers. The building's substantial size suggests ample parking and potential for shared amenities, although specifics on those amenities are not currently available. The available 2,360 square feet provides a flexible layout adaptable to various retail concepts. This is a single-tenant occupancy, ensuring exclusive use of the leased space. Interested parties are encouraged to inquire further to explore the possibilities this prime retail location offers. The property is ready for immediate occupancy. This is an excellent opportunity to establish or expand a retail presence in a thriving Georgia market. Further details regarding lease terms and conditions are available upon request.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2010
    Construction STEEL FRAME
    Total area 36,000 SF
    Lot 5.07 ac (220,849 SF)
    Zoning code C3
    APN 0000J/00001/01A
    UPID US22-3241681
    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
    • Crazy Buffet Restaurant
    • DaVita Albany Dialysis Medical Clinic
    • Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
    • Wing Dixie & Deli Food Market Restaurant
    • InstaLoan Loan Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.49M
    Blend (final) Blend
    $2.35M
    Owner & transaction history
    Albany Crossing LLC · 12 yrs held
    Albany Crossing LLC
    since 2013
    7 recorded transactions
    2023
    2013
    $5.1M
    2010
    $550,000
    2010
    $2.3M
    2010
    $2.8M
    2010
    2010
    Zoning & alternative use
    C3 · Albany, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $3.3M +18.1%
    Commercial (general) $3.3M +16.1%
    Retail stores $2.9M +2.8%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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