2922 Watson Blvd Centerville, GA 31028-1740
Property profile & analytics
2922 Watson Blvd Centerville, GA 31028-1740
- Commercial real estate
- 226,032 SF
- 49.90 lot acres
Property ID
US22-0804533
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.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 2922 Watson Blvd
- Year built
- 1994
- Construction
- STEEL FRAME
- Lot size
- 49.90 lot acres
- Property size
- 226,032 SF
- Zone code
- C2
- Property type
- Commercial real estate
- APN
- 0C0200 009000
- APU
- 0C0200009000
Description
This exceptional 480,808 square foot shopping center in Centerville, Georgia presents a compelling investment opportunity. Located at 2922 Watson Blvd, 31028, this Class B, multi-tenant property boasts a 94% occupancy rate and a strong NOI of $3,050,869, yielding an attractive 11.70% cap rate. The asking price is $26,000,000, translating to $54.08 per square foot. Built in 1994 on a 50.82-acre lot, the property offers fee simple ownership. Recent successful anchor repositioning, including the addition of Conn's Home Plus and Crunch Fitness, demonstrates the center's adaptability and potential for future growth. The property benefits from its location within a robust retail corridor, featuring over 50,000 vehicles per day and proximity to major retailers such as Walmart, Target, Kroger, and more. Further enhancing its appeal, the adjacent construction of a 156-unit multifamily development, Abbington at Galleria, is expected to drive increased foot traffic and further solidify the center's position within the market. This property offers a unique blend of established success and future growth potential, making it an ideal investment for discerning buyers seeking a core+ asset with significant upside. The 100% ownership structure provides flexibility for repositioning or redevelopment.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $33,590,000
- AI Estimate
- $27,921,000
Market price range: $10.0M - $39.8MMarket price range: $7.71M - $35.1M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $25,845,000 Current use
- AUTO REPAIR, GARAGE
- $34,315,000 Change: +33% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $31,185,000 Change: +21% Conversion: Difficult
- OFFICE BUILDING
- $25,600,000 Change: -1% Conversion: Easy
- MEDICAL BUILDING
- $25,435,000 Change: -2% Conversion: Easy
- RETAIL STORES
- $24,305,000 Change: -6% Conversion: Easy
- WAREHOUSE, STORAGE
- $23,315,000 Change: -10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Centerville
- County
- Houston
- State
- Georgia
- Longitude
- -83.6872
- Latitude
- 32.6205
- 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
$277,302
$2,919,120
$5,018,080
$7,937,200
-
$7,297,800
$12,545,200
$19,843,000
