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Property profile & analytics
OFF-MARKET
Estimated value
$455,000
Strip malls
2822 Nottingham Way Albany, GA 31707-7629
Entity Owned
~
Est. High Equity
Property ID
US22-2997487
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
STEEL FRAME
Total area
14,939 SF
Lot
1.69 ac (73,616 SF)
Zoning code
C2
APN
0000S/00016/004
UPID
US22-2997487
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
-
About Facial Aesthetics - Albany Medical Clinic Skin Care Clinic
-
Laura Anderson Physician
-
Whittnye Barksdale Physician
-
Med Plus Immediate Care - Albany | Urgent Care | Walk-In Clinic Medical Clinic
-
Angela Bullard Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$455k
Owner & transaction history
Colonial Town Center LLC
Colonial Town Center LLC
since 2026
7 recorded transactions
Zoning & alternative use
C2 · Albany, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
TITLE II
Top alternative use upside
Medical building
$1.4M
+18.1%
Commercial (general)
$1.4M
+16.1%
Retail stores
$1.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,775,000
6.5%
$1,640,000
7%
$1,520,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,165,000
Current use
MEDICAL BUILDING
$1,375,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,350,000
Change: +16% · Conversion: Easy
RETAIL STORES
$1,195,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,165,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$1,110,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$455k
Range $410k – $501k · ±10%
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
$30 / 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
$30,300
Tax year 2023
Assessed value
$650,360
Assessed 2023
Previous assessed
$650,360
+0.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$202,800
Assessed improvement
$447,560
Land market value
$507,000
Improvement market value
$1,118,900
Total market value
$1,625,900
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
2007
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,939 SF
Lot
1.69 ac (73,616 SF)
Zoning code
C2
APN
0000S/00016/004
UPID
US22-2997487
Jurisdiction
DOUGHERTY
Zoning & alternative use
C2 · Albany, GAZoning C2 · permitted uses
C2 · 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
$1.2M
MEDICAL BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
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
2007
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Colonial Town Center LLC
Entity
Mailing address
11066 ULLSWATER LN, WINDERMERE, FL 34786-5411
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2026
—
Colonial Town Center LLC
Southstate Bank NA
Quitclaim Deed
—
Apr 3, 2026
$3,630,000
Lowell Property Management LLC
Colonial Town Center LLC
Warranty Deed
—
Dec 12, 2024
—
Colonial Town Center LLC
—
Deed
related
$1,451,000 · Southstate Bank
Jun 2, 2021
—
Colonial Town Center LLC
—
Deed
related
$5,179,000 · Centerstate Bank
Jun 7, 2017
—
Colonial Town Center LLC
—
Deed
related
$995,000 · Centerstate Bank Of Florida
Apr 19, 2012
$1,325,000
Colonial Town Center LLC
Nlp Finance LLC
Warranty Deed
—
Feb 6, 2012
—
Nlp Finance LLC
Southeastern Investment Partners Al
Deed In Lieu Of Foreclosure
related
—
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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