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    2620 Watson Blvd Warner Robins, GA 31093-2950
    Property profile & analytics

    2620 Watson Blvd Warner Robins, GA 31093-2950

    View on Map
    • Outlet malls
    • 108,500 SF
    • 10.85 lot acres
    Off-Market
    Property ID
    US22-1456068
    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.
    Value Estimations
    $15,295,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carter's / Clothing & Fashion Store
    • Home Services at The Home Depot / HVAC Service / General Contractor
    • Five Below / (Bike/Boat/Book/etc) Store
    • Penske Truck Rental / Car Rental Facility
    • TSgt Amber Stanley- Air Guard Recruiter / Employment Agency

    Property Details for 2620 Watson Blvd

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    10.85 lot acres
    Property size
    108,500 SF
    Zone code
    C2
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    0W0960 010000
    APU
    0W0960010000

    Description

    This exceptional Class A shopping center, City Crossing, boasts 190,851 square feet across four single-story buildings in the rapidly growing Houston County, Georgia. Strategically located on Watson Blvd in Warner Robins, near Robins Air Force Base, this center benefits from a daily traffic count exceeding 30,000 vehicles on Watson Ave and over 10,000 on Cal Vinson Pkwy. The center features a strong national tenant lineup including Home Depot, Ross Dress for Less, Old Navy, and Dollar Tree, attracting a substantial customer base. Currently, there are three available spaces ranging from 1,050 to 6,650 square feet, ideal for a variety of retail, restaurant, or special purpose businesses. The property sits on a 190,851 square foot lot and enjoys a prime location within a densely populated area

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $22,655,000
      6.5%
      $20,910,000
      7%
      $19,420,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,915,000
      Market price range: $4.85M - $22.1M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $13,365,000
      Current use
      AUTO REPAIR, GARAGE
      $17,235,000
      Change: +29% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $15,945,000
      Change: +19% Conversion: Moderate
      MEDICAL BUILDING
      $12,820,000
      Change: -4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $12,495,000
      Change: -7% Conversion: Easy
      WAREHOUSE, STORAGE
      $11,295,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Warner Robins
    County
    Houston
    State
    Georgia
    Longitude
    -83.6668
    Latitude
    32.6194
    CBSA code
    47580
    CBSA name
    WARNER ROBINS, 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
    $79,911
    $859,320
    $1,564,200
    $2,423,520
    -
    $2,148,300
    $3,910,500
    $6,058,800

    Comparable in this City

    • Value Estimation by Request
      1,706 SF

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    • Value Estimation by Request
      1,166 SF

      1213 Grn St

      WHOLESALE OUTLET, DISCOUNT STORE • 1,166 SF
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    • Value Estimation by Request
      4,948 SF

      511 Watson Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 4,948 SF
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    • Value Estimation by Request
      3,000 SF

      1752 Watson Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 3,000 SF
      1752 Watson Blvd, Warner Robins, GA 31093-3632
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    • Value Estimation by Request
      2,400 SF

      164 Davis Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 2,400 SF
      164 Davis Dr, Warner Robins, GA 31093-3302
      View Details
    • Value Estimation
      $1,150,000
      1,920 SF

      2689 Watson Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 1,920 SF
      2689 Watson Blvd, Warner Robins, GA 31093-2951
      View Details

    Similar Nearby for Sale

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      Successful Storefront in Warner Robins

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      Former quick service restaurant with drive-thru and outdoor seating.
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    • New
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      Warner Robins Commercial Opportunity

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    Similar Nearby for Lease

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      Retail Space in Thriving Market

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      14,655 SF

      Magnolia Plaza Retail Space Available

      Retail and office spaces available in Magnolia Plaza Shopping Center.
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      Magnolia Plaza Retail/Office Space

      Retail and office spaces available in Magnolia Plaza Shopping Center.
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      Retail Space Near Kroger

      Retail spaces available adjacent to Kroger in Warner Robins, GA.
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    Warner Robins, GA 31093-2950
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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