Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2800 Old Dawson Rd Albany, GA 31707-1599

    • Community centers
    • 88,144 SF
    • 12.47 lot acres
    OFF-MARKET
    Last Sale
    Aug 30, 2021
    $9,000,000
    Value Estimations
    $7,140,000
    Show details
    Cap Rate Potential
    9.1%
    Community centers
    Location Intelligence
    Property ID
    US22-3604952
    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

    • Sally Beauty / Beauty Supply Store / Barber Supply Store
    • bealls / Shoe Store / Baby Clothing Store
    • Bealls Outlet - Cross Station Shop Center / Outlet Store
    • Nails 2 / Nail Salon
    • The UPS Store / Mailbox Rental Service / Notary Public

    Property Details for 2800 Old Dawson Rd

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    12.47 lot acres
    Property size
    88,144 SF
    Zone code
    C2
    Property type
    Community centers
    APN
    040-2/00000/023
    APU
    40200000023

    Description

    Cross Station Shopping Center, a thriving retail property in Dougherty County, offers exceptional leasing opportunities. This multi-tenant shopping center boasts a total of 166,286 square feet of retail space, with 34,224 square feet currently vacant and available for lease. Spaces range from a minimum of 1,250 square feet to a maximum contiguous space of 20,959 square feet, providing flexibility for businesses of various sizes. The center features a convenient and ample parking area with 586 spaces, ensuring easy access for customers and employees. Its classification as a shopping center indicates a strong potential for attracting a diverse range of clientele. The property's location in Dougherty County offers access to a significant consumer base and benefits from established infrastructure and local amenities. This is an ideal opportunity for businesses seeking high-visibility retail space in a well-established shopping center with significant foot traffic. The available space presents a unique chance to establish or expand a retail presence in a thriving commercial area. Interested parties are encouraged to inquire about lease terms and availability for the vacant 34,224 square feet. The property's size and layout offer significant potential for a variety of retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,915,000
      ML approach
      $8,925,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,475,000
      6.5%
      $9,670,000
      7%
      $8,980,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,955,000
      Market price range: $3.33M - $9.33M
      AI Estimate
      $6,136,000
      Market price range: $2.69M - $11.6M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $6,870,000
      Current use
      MEDICAL BUILDING
      $8,115,000
      Change: +18% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $7,975,000
      Change: +16% Conversion: Easy
      RETAIL STORES
      $7,060,000
      Change: +3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,880,000
      Change: +0% Conversion: Difficult
      OFFICE BUILDING
      $6,545,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.2174
    Latitude
    31.6126
    CBSA code
    10500
    CBSA name
    ALBANY, 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
    $137,959
    $723,480
    $2,237,640
    $2,961,120
    -
    $1,808,700
    $5,594,100
    $7,402,800

    Comparable in this City

    • Value Estimation
      $420,000
      6,720 SF

      2700 Dawson Rd

      MINI-MALL • 6,720 SF
      2700 Dawson Rd, Albany, GA 31707-1697
      View Details
    • Value Estimation
      $405,000
      10,976 SF

      2601 Stuart Ave

      MINI-MALL • 10,976 SF
      2601 Stuart Ave, Albany, GA 31707-1664
      View Details
    • Value Estimation
      $255,000
      2,600 SF

      2345 Dawson Rd

      MINI-MALL • 2,600 SF
      2345 Dawson Rd, Albany, GA 31707-1140
      View Details
    • Value Estimation
      $600,000
      10,428 SF

      2820 Meredyth Dr

      MINI-MALL • 10,428 SF
      2820 Meredyth Dr, Albany, GA 31707-2283
      View Details
    • Value Estimation
      $735,000
      22,500 SF

      2518 Dawson Rd

      MINI-MALL • 22,500 SF
      2518 Dawson Rd, Albany, GA 31707-2316
      View Details
    • Value Estimation
      $865,000
      21,200 SF

      2516 Dawson Rd

      MINI-MALL • 21,200 SF
      2516 Dawson Rd, Albany, GA 31707-2341
      View Details

    Similar Nearby for Sale

    • $3,686,000
      19,600 SF

      Albany GA Retail Strip Center

      Three-tenant strip center in Albany's main retail corridor.
      1218-1224 N Westover Blvd, Albany, GA 31707
      View Details
    • $799,900
      1.00 Acre

      Prime Commercial Location, Albany GA

      Thriving auto dealership with redevelopment potential on a one-acre lot.
      1307 Slappey Blvd N, Albany, GA 31707
      View Details
    • $110,000
      1.52 Acres

      Commercial Building on Westover Blvd

      3,000 sq ft commercial building with road frontage.
      805 Westover Blvd, Albany, GA 31707
      View Details
    • $475,000

      Prime Commercial Land in Albany

      0.73 acre site near Albany Mall with flexible zoning.
      Spanish Ct. Lot, Albany, GA 31707
      View Details
    • $74,995
      6.33 Acres

      6-Acre Timber Land Opportunity

      6-acre timber land parcel for deer, home, or commercial use.
      00 Pleasant Grove Church Rd, Albany, GA 31707
      View Details
    • New
      $149,988
      12.65 Acres

      12-Acre Timber Land Parcel

      12-acre marketable timber land in Mitchell County, Georgia.
      Pleasant Grove Church Rd, Albany, GA 31707
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Albany, GA

      Publix-anchored shopping center in a dense retail corridor.
      2713 Dawson Rd, Albany, GA 31707
      View Details
    • Contact for pricing
      2,598 SF

      Anchored Shopping Center Retail Space

      Retail space in a shopping center with major anchor tenants.
      2707 Dawson Rd, Albany, GA 31707
      View Details
    • $3,500 /Mo
      40,946 SF

      Northwest Albany Commercial Space For Lease

      3000 sq ft commercial space available for lease.
      2820 Meredyth Dr, Albany, GA 31707
      View Details
    • Contact for pricing
      30,000 SF

      Retail Space in Albany, Georgia

      30,000 square foot retail property available for rent.
      2800 Old Dawson Rd, Albany, GA 31707
      View Details
    • $15 SF/Yr
      5,331 SF

      618 Westover Blvd

      Office Properties & Spaces • 5,331 SF
      618 Westover Blvd, Albany, GA 31707
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2800 Old Dawson Rd
    Albany, GA 31707-1599
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.