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Property profile & analytics
FOR LEASE
Outlet malls
262 Cordele Rd Albany, GA 31705
Individually Owned
16-yr Hold
Free & Clear
Property ID
US22-3458045
For Lease
1 / 2
$14,260,000
262 Cordele Rd, Albany, GA 31705
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2010
Construction
STEEL FRAME
Total area
155,970 SF
Lot
20.89 ac (909,968 SF)
Zoning code
C3
APN
0000J/00001/01B
UPID
US22-3458045
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
-
Courtney Moore Pharmacy
-
Walmart Pet Services Kennel & Boarding Facility
-
Walmart Home Theater Installation Electrical Service General Contractor
-
Walmart Patio & Garden Services Landscaping General Contractor
-
Walmart Tech Services Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.04M
Comparable Approach
Comparable
$13.38M
Blend (final)
Blend
$14.26M
Owner & transaction history
Eric S Zorn · 16 yrs held
Eric S Zorn
since 2010
4 recorded transactions
Zoning & alternative use
C3 · Albany, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.7M
+41.6%
Medical building
$14.4M
+14.9%
Commercial (general)
$14.1M
+13.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,545,000
6.5%
$18,040,000
7%
$16,750,000
Alternative Use
Use
Estimation
RETAIL STORES
$12,495,000
Current use
OFFICE BUILDING
$17,700,000
Change: +42% · Conversion: Easy
MEDICAL BUILDING
$14,355,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,115,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,180,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,155,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$14.26M
Range $12.83M – $15.69M · ±10%
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
$91 / 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
$128,588
Tax year 2023
Assessed value
$2,760,000
Assessed 2023
Previous assessed
$2,760,000
+0.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$835,600
Assessed improvement
$1,924,400
Land market value
$2,089,000
Improvement market value
$4,811,000
Total market value
$6,900,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
2010
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
155,970 SF
Lot
20.89 ac (909,968 SF)
Zoning code
C3
APN
0000J/00001/01B
UPID
US22-3458045
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
RETAIL STORES Current
Est. value
$12.5M
OFFICE BUILDING
Est. value
$17.7M
MEDICAL BUILDING
Est. value
$14.4M
COMMERCIAL (GENERAL)
Est. value
$14.1M
AUTO REPAIR, GARAGE
Est. value
$12.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.2M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2010
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
20.89 ac
Current owner
From public records · entity-resolved
Eric S Zorn
Individual
Free & Clear · 16 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2010
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
Mar 18, 2010
$2,325,857
Eric S Zorn
Bright Meyers Albany Associates LP
Deed
—
Mar 17, 2010
—
Bright Meyers Albany Associates LP
Georgian Mobile Estates INC
Quit Claim Deed
related
—
Mar 17, 2010
$2,765,290
Bright Meyers Albany Associates LP
Thomas W Lawhorne SR.
Deed
—
Feb 5, 2010
—
Thomas W Lawhorne SR.
Georgian Mobile Estates INC
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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