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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2689 Watson Blvd Warner Robins, GA 31093-2951

    • Outlet malls
    • 1,920 SF
    • 0.83 lot acres
    OFF-MARKET
    Last Sale
    Feb 15, 2024
    $1,150,000
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    2.1%
    Outlet malls
    Location Intelligence
    Property ID
    US22-0736734
    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.

    Current Use by Public Records

    • LDI Landscape / Contractor
    • LDI Tree Service / Tree Service

    Property Details for 2689 Watson Blvd

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.83 lot acres
    Property size
    1,920 SF
    Zone code
    C2
    Property type
    Outlet malls
    APN
    0W79C0 055000
    APU
    0W79C0055000

    Description

    This exceptional commercial property, located at 2689 & 2691 Watson Blvd in Warner Robins, GA, presents a unique investment opportunity. The 4,320 square foot site sits on 1.66 acres of C2 zoned land, boasting excellent visibility and high traffic counts averaging approximately 30,700 vehicles per day. The property features two parcels with frontage on Watson Blvd, offering two curb cuts and convenient cross-access. Built in 1962, with effective construction in 1970, the building includes a durable standing seam pitched metal roof and concrete flooring. All public utilities are readily available. Its strategic location offers unparalleled convenience, situated approximately 1.5 miles from GA-247, 6 miles from I-75, 3 miles from Houston Lake Rd, and 5 miles from Robins Air Force Base. The property benefits from a strong tenant base in the immediate vicinity, including major retailers such as Walmart, Home Depot, Lowe's, Target, and many more, ensuring high foot traffic and strong potential for retail success or redevelopment. The asking price is $2,000,000. This prime location and versatile property make it an ideal investment for discerning buyers seeking high-return potential in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,150,000
      ML approach
      $1,150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Warner Robins
    County
    Houston
    State
    Georgia
    Longitude
    -83.667
    Latitude
    32.6176
    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
    $3,975
    $115,080
    $5,480
    $120,560
    -
    $287,700
    $13,700
    $301,400

    Comparable in this City

    • Value Estimation
      $205,000
      1,225 SF

      1300 Grn St

      WHOLESALE OUTLET, DISCOUNT STORE • 1,225 SF
      1300 Grn St, Warner Robins, GA 31093-2750
      View Details
    • Value Estimation
      $250,000
      1,342 SF

      130 Mnr Ct

      WHOLESALE OUTLET, DISCOUNT STORE • 1,342 SF
      130 Mnr Ct, Warner Robins, GA 31093-3306
      View Details
    • Value Estimation
      $240,000
      1,276 SF

      211 Dunbar Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 1,276 SF
      211 Dunbar Rd, Warner Robins, GA 31093-1209
      View Details
    • Value Estimation
      $740,000
      35,940 SF

      2756 Watson Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 35,940 SF
      2756 Watson Blvd, Warner Robins, GA 31093-2948
      View Details
    • Value Estimation
      $215,000
      15,730 SF

      1725 Watson Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 15,730 SF
      1725 Watson Blvd, Warner Robins, GA 31093-3633
      View Details
    • Value Estimation
      $320,000
      7,684 SF

      310 Watson Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 7,684 SF
      310 Watson Blvd, Warner Robins, GA 31093-3406
      View Details

    Similar Nearby for Sale

    • $415,000
      15,000 SF

      Prime Warner Robins Retail Center

      15,000 SF, 100% Occupied, High ROI
      520 Davis Dr, Warner Robins, GA 31093
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    • $2,300,000
      1.00 Acre

      Gas Station with Rental Income

      Prime location gas station with additional rental income.
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    • $350,000
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      Remodeled Commercial Property For Sale

      Remodeled commercial property with high visibility and reliable tenants.
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    • Contact for pricing
      4,042 SF

      Restaurant Building on Watson Boulevard

      4,042 SF restaurant with drive-thru and outdoor seating.
      1867 Watson Blvd, Warner Robins, GA 31093
      View Details
    • $550,000
      3,440 SF

      Warner Robins Commercial Property For Sale

      Commercial property in Warner Robins, GA, available for purchase.
      1612 Watson Blvd, Warner Robins, GA 31093
      View Details
    • $2,300,000
      1.00 Acre

      Gas Station with Rental Income

      Prime location gas station with restaurant and car lot.
      800 Elberta Rd, Warner Robins, GA 31093
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    Similar Nearby for Lease

    • $10 SF/Yr
      45,060 SF

      Houston Crossing Retail Center

      Prime Warner Robins Retail Space
      813 Houston Rd, Warner Robins, GA 31093
      View Details
    • $13 SF/Yr
      14,655 SF

      Magnolia Plaza Retail Space Available

      Retail and office spaces available in Magnolia Plaza Shopping Center.
      3035 Watson Blvd, Warner Robins, GA 31093
      View Details
    • $12 SF/Yr
      1,400 SF

      Multi-Tenant Storefront with Warehouse

      1,400 SF suite available with retail and warehouse space.
      1906 Elberta Rd, Warner Robins, GA 31093
      View Details
    • $28 SF/Yr
      2,400 SF

      Retail Space Near Kroger

      Retail spaces available adjacent to Kroger in Warner Robins, GA.
      3094 Watson Blvd, Warner Robins, GA 31093
      View Details
    • $192 SF/Yr
      2,067 SF

      Prime Retail Pad, Watson Blvd

      Two Suites Available, High Traffic Area
      2062 Watson Blvd, Warner Robins, GA 31093
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space on Watson Boulevard

      Retail space in high-traffic area near Houston Medical Center.
      1815 Watson Blvd, Warner Robins, GA 31093
      View Details
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    Warner Robins, GA 31093-2951
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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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