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    2835 Watson Blvd Warner Robins, GA 31093-8511
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    Property profile & analytics

    2835 Watson Blvd, Warner Robins, GA 31093-8511

    View on Map
    • Drug stores
    • 12,975 SF
    • 1.19 lot acres
    Off-Market
    Last Sale Nov 9, 2020
    $6,200,000
    Property ID
    US22-1529609
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walgreens / Pharmacy
    • Walgreens Pharmacy / Pharmacy
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Heena Patel, Pharm / Pharmacy
    • William Marrone, PharmD / Pharmacy

    Property Details for 2835 Watson Blvd

    Year built
    2007
    Construction
    WOOD
    Lot size
    1.19 lot acres
    Zone code
    C2
    Property type
    Drug stores
    APN
    0W0780 015000
    APU
    0W0780015000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 9, 2020 — Dava 2 1944 LLC Bhagu M Patel Quit Claim Deed · related —
    Nov 9, 2020 $6,200,000 Bhagu M Patel Mabie R O & R M Trust Grant Deed —
    Apr 15, 2019 — Richard O Mabie San Carlos 2835 Watson Blvd Warranty Deed —
    Sep 22, 2008 $6,400,000 San Carlos 2835 Watson Blvd Mtw-watston Grant Deed · related —
    Mar 13, 2007 — Mtw-watson LP Acoustical Floors INC Quit Claim Deed · related $6M · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Warner Robins
    County
    Houston
    State
    Georgia
    Longitude
    -83.6819
    Latitude
    32.6179
    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
    $19,891
    $285,960
    $317,280
    $603,240
    -
    $714,900
    $793,200
    $1,508,100

    Comparable in this City

    • Value Estimation
      $1,710,000
      10,112 SF

      802 Houston Rd

      DRUG STORE, PHARMACY
      802 Houston Rd, Warner Robins, GA 31093-1502
      View Details
    • Value Estimation
      $1,630,000
      9,625 SF

      1557 Watson Blvd

      DRUG STORE, PHARMACY
      1557 Watson Blvd, Warner Robins, GA 31093-3449
      View Details
    • Value Estimation by Request
      2,917 SF

      213 Grn St

      DRUG STORE, PHARMACY
      213 Grn St, Warner Robins, GA 31093-2727
      View Details
    • Value Estimation
      $2,435,000
      14,392 SF

      1880 Watson Blvd

      DRUG STORE, PHARMACY
      1880 Watson Blvd, Warner Robins, GA 31093-3612
      View Details
    • Value Estimation
      $2,160,000
      12,766 SF

      5900 Watson Blvd

      DRUG STORE, PHARMACY
      5900 Watson Blvd, Warner Robins, GA 31093-8669
      View Details
    • Value Estimation by Request
      1,260 SF

      414 Armed Forces Blvd

      RETAIL STORES (PERSONAL SERVICES)
      414 Armed Forces Blvd, Warner Robins, GA 31093-2708
      View Details

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      Prime commercial lot with high visibility and income potential.
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      Former Restaurant on High-Traffic Corner

      Former Popeyes restaurant site on Watson Boulevard for sale.
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      1.14 acre commercial lot with road frontage.
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      Gas station with restaurant and car lot generating rental income.
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    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space Near Kroger

      Retail spaces available adjacent to Kroger in Warner Robins, GA.
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      7,165 SF

      Retail Space on Watson Boulevard

      Retail space in high-traffic area near Houston Medical Center.
      1815 Watson Blvd, Warner Robins, GA 31093
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      Affordable Salon and Office Suites

      Salon and office suites for lease, utilities included.
      1029 N Houston Rd, Warner Robins, GA 31093
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    • Contact for pricing

      Retail Space in Thriving Market

      Retail space with ample parking and excellent access.
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    • Contact for pricing

      Magnolia Plaza Retail/Office Space

      Retail and office spaces available in Magnolia Plaza Shopping Center.
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      4,042 SF

      Former Restaurant in International Square

      4,042 SF former quick service restaurant with drive-thru.
      1867 Watson Blvd, Warner Robins, GA 31093
      View Details
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    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.

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