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Property profile & analytics
FOR LEASE
Community centers
2820 Meredyth Dr, Albany, GA 31707
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-3609516
For Lease
1 / 3
$760,000
2820 Meredyth Dr, Albany, GA 31707
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1999
Construction
CONCRETE
Total area
10,428 SF
Lot
0.94 ac (40,946 SF)
Zoning code
C2
APN
040-2/00000/121
UPID
US22-3609516
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
-
Brother's NY Style Pizza Albany Restaurant
-
Woods Gallery (Bike/Boat/Book/etc) Store Home Decor Store
-
Charley B's Sport Bar & Grill Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$712k
Blend (final)
Blend
$760k
Owner & transaction history
Hadley & Associates LLC · 3 yrs held
Hadley & Associates LLC
since 2022
Last sale
$800,000
2 recorded transactions
Zoning & alternative use
C2 · Albany, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$960,000
+18.1%
Commercial (general)
$945,000
+16.1%
Retail stores
$835,000
+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
$565,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Current use
MEDICAL BUILDING
$960,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: +16% · Conversion: Easy
RETAIL STORES
$835,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$815,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $800k (Aug 17 2022)
Last sale anchor
$800k
Aug 17 2022
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
$73 / 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
$14,909
Tax year 2023
Assessed value
$354,200
Assessed 2023
Previous assessed
$354,200
+0.0% YoY
Effective rate
4.21%
On assessed value
Assessed land
$56,400
Assessed improvement
$297,800
Land market value
$141,000
Improvement market value
$744,500
Total market value
$885,500
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1999
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Rooms
15
Total area
10,428 SF
Lot
0.94 ac (40,946 SF)
Zoning code
C2
APN
040-2/00000/121
UPID
US22-3609516
Jurisdiction
DOUGHERTY
Zoning & alternative use
C2 · Albany, GA
Zoning C2 · permitted uses
C2 · Albany, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$815,000
MEDICAL BUILDING
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$945,000
RETAIL STORES
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$815,000
OFFICE BUILDING
Est. value
$775,000
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
1999
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Rooms
15
Lot
0.94 ac
Current owner
From public records · entity-resolved
Hadley & Associates LLC
Entity
Mailing address
1020 CLARK AVE, ALBANY, GA 31705-1965
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2026
—
Hadley & Associates LLC
—
Deed
related
$632,256 · Georgia Community Bank
Aug 17, 2022
$800,000
Hadley & Associates LLC
Sue P Woods
Warranty Deed
$690,000 · Georgia Community 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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