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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Strip malls
2818 Old Dawson Rd Albany, GA 31707-1500
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-3609508
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
STEEL FRAME
Total area
20,420 SF
Lot
1.83 ac (79,715 SF)
Zoning code
C1
APN
040-2/00000/038
UPID
US22-3609508
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
-
Lincare Home Health Care Service Medical Equipment Supplier
-
Smallcakes A Cupcakery Bakery Specialty Food Shop
-
Envy Clothing & Fashion Store
-
Eggs Up Grill Restaurant
-
Natures Cure Inc Specialty Food Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.06M
Owner & transaction history
Summit Albany Partners LLC · 5 yrs held
Summit Albany Partners LLC
since 2021
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
C1 · Albany, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
TITLE II
Top alternative use upside
Medical building
$1.9M
+18.1%
Commercial (general)
$1.9M
+16.1%
Retail stores
$1.6M
+2.8%
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
$1,060,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,590,000
Current use
MEDICAL BUILDING
$1,880,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,850,000
Change: +16% · Conversion: Easy
RETAIL STORES
$1,635,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,595,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$1,515,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $1.38M (Jan 29 2021)
Last sale anchor
$1.38M
Jan 29 2021
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
$52 / 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
$34,881
Tax year 2023
Assessed value
$748,680
Assessed 2023
Previous assessed
$748,680
+0.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$201,280
Assessed improvement
$547,400
Land market value
$503,200
Improvement market value
$1,368,500
Total market value
$1,871,700
Applied tax rate
1.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Total area
20,420 SF
Lot
1.83 ac (79,715 SF)
Zoning code
C1
APN
040-2/00000/038
UPID
US22-3609508
Jurisdiction
DOUGHERTY
Zoning & alternative use
C1 · Albany, GAZoning C1 · permitted uses
C1 · Albany, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
TITLE II
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2008
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Lot
1.83 ac
Current owner
From public records · entity-resolved
Summit Albany Partners LLC
Entity
Mailing address
3402 FRST RDG DR, ALBANY, GA 31721-1581
Ownership since
2021
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
Jan 29, 2021
—
Summit Albany Partners LLC
Clint Cothran
Warranty Deed
—
Jan 29, 2021
$1,377,165
Clint Cothran
South Georgia Carr Farms LLC
Warranty Deed
$732,622 · Colony Bank
Dec 31, 2020
—
South Georgia Carr Farms LLC
B & 2s Properties LLC
Warranty Deed
—
Jun 7, 2007
$690,000
B & 2s Properties LLC
R A Furmato LLC
Deed
$619,942 · Ameris Bank
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.
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