Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2812 Watson Blvd Centerville, GA 31028-1708

    Property Lookup

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

    2812 Watson Blvd Centerville, GA 31028-1708

    View on Map
    • Office buildings
    • 5,002 SF
    • 0.38 lot acres
    Off-Market
    Property ID
    US22-1073879
    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
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2812 Watson Blvd

    Year built
    1953
    Construction
    WOOD
    Lot size
    0.38 lot acres
    Property size
    5,002 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    0C006C 004000
    APU
    0C006C004000

    Description

    This exceptional 5,002-square-foot retail property, located at 2812 Watson Boulevard in Centerville, Georgia, presents a remarkable opportunity for businesses seeking high visibility and convenient access. Built in 1953 and renovated in 2005, this single-story building sits on a 0.38-acre lot and is zoned C-2. The property boasts excellent visibility and high traffic counts, making it ideal for a variety of retail uses. Its prime location in the heart of Centerville offers easy access to major highways, including I-75, ensuring convenient commutes for employees and customers. The area is experiencing significant growth, with recent developments promising increased foot traffic and business opportunities. The property's proximity to numerous established businesses, including TDG Centerville, Waffle House, Walgreens, Discount Tire, Hardee's, Computer Dreams, the Galleria Mall, Walmart, Lowe's, Home Depot, Target, Joann, Academy Sports, Hobby Lobby, and various restaurants and retail shops, further enhances its appeal. The entire 5,002 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This is a single-tenancy building in Houston County, Georgia, with a 31028 zip code.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $930,000
      6.5%
      $860,000
      7%
      $800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $740,000
      Market price range: $434k - $1.07M
      AI Estimate
      $630,000
      Market price range: $396k - $1.04M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $870,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,055,000
      Change: +21% Conversion: Easy
      COMMERCIAL (GENERAL)
      $985,000
      Change: +13% Conversion: Easy
      RETAIL STORES
      $835,000
      Change: -4% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $800,000
      Change: -8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $760,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Houston
    State
    Georgia
    Longitude
    -83.6816
    Latitude
    32.6187
    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
    $6,522
    $72,040
    $114,640
    $186,680
    -
    $180,100
    $286,600
    $466,700

    Comparable in this City

    • Value Estimation
      $780,000
      7,500 SF

      949 Carl Vinson Pkwy

      OFFICE BUILDING • 7,500 SF
      949 Carl Vinson Pkwy, Centerville, GA 31028-1419
      View Details
    • Value Estimation
      $510,000
      3,250 SF

      1001 Carl Vinson Pkwy

      OFFICE BUILDING • 3,250 SF
      1001 Carl Vinson Pkwy, Centerville, GA 31028-1341
      View Details
    • Value Estimation by Request
      1,232 SF

      632 Houston Lk Blvd

      OFFICE BUILDING • 1,232 SF
      632 Houston Lk Blvd, Centerville, GA 31028-1010
      View Details
    • Value Estimation by Request
      1,270 SF

      102 Gunn Rd

      OFFICE BUILDING • 1,270 SF
      102 Gunn Rd, Centerville, GA 31028-1706
      View Details
    • Value Estimation by Request
      1,696 SF

      624 Houston Lk Blvd

      OFFICE BUILDING • 1,696 SF
      624 Houston Lk Blvd, Centerville, GA 31028-1010
      View Details
    • Value Estimation by Request
      1,000 SF

      401 Houston Lk Blvd

      OFFICE BUILDING • 1,000 SF
      401 Houston Lk Blvd, Centerville, GA 31028-1119
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      2.71 acres of land available for purchase.
      41 Gunn Rd, Centerville, GA 31028
      View Details
    • $33,999

      Residential Lot in Houston County

      Residential lot available in a desirable Centerville, Georgia neighborhood.
      202 Magnolia Gln, Centerville, GA 31028
      View Details
    • $600,000
      6.29 Acres

      6.29-Acre Centerville Land Opportunity

      Rare 6.29-acre tract, ideal for development.
      Greentree Trl, Centerville, GA 31028
      View Details
    • Contact for pricing

      Centerville, GA Commercial Land

      Located in the heart of Centerville, zoned C2.
      402 Houston Lake Rd, Centerville, GA 31028
      View Details
    • $600,000
      6.29 Acres

      Centerville Commercial Land Opportunity

      6.29 Acres, Prime Location, $600,000
      Greentree Trl, Centerville, GA 31028
      View Details
    • $500,000

      Cleared Land in High-Growth Area

      4.7 acres of cleared, level land ready for development.
      816 North Houston Lake Blvd, Centerville, GA 31028
      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.
    2812 Watson Blvd
    Centerville, GA 31028-1708
    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.
    Sign Up Successful!
    You now have access to more from Realmo!