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    Property profile & analytics

    2929 Watson Blvd Warner Robins, GA 31093-8535

    • Community centers
    • 13,205 SF
    • 1.37 lot acres
    OFF-MARKET
    Last Sale
    Jan 20, 2022
    $3,175,000
    Value Estimations
    $2,730,000
    Show details
    Cap Rate Potential
    4.9%
    Community centers
    Location Intelligence
    Property ID
    US22-4487613
    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.

    Current Use by Public Records

    • sistaz african accessories / Store
    • Mid Georgia House Buyers / Real Estate Consultant
    • The UPS Store / Shipping And Mailing Service / Mailbox Rental Service
    • Target Mobile / Cell Phone Store / Cell Phone Accessory Store
    • Sally Beauty / Beauty Supply Store / Barber Supply Store

    Property Details for 2929 Watson Blvd

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    1.37 lot acres
    Property size
    13,205 SF
    Zone code
    C2
    Property type
    Community centers
    APN
    0W78D0 193000
    APU
    0W78D0193000

    Description

    This exceptional 1,200 square foot retail space is ideally situated at 2929 Watson Blvd in Warner Robins, Georgia, within Houston County. Currently vacant and ready for immediate occupancy, this single-tenant property presents a fantastic opportunity for a variety of commercial ventures. The property's classification as both commercial and suitable for salon use offers considerable flexibility for potential tenants. Located in the thriving city of Warner Robins, this space benefits from excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The building's total square footage is 1,200 square feet, providing ample room for a diverse range of business operations. The property's address is 2929 Watson Blvd, Warner Robins, GA 31093, with GPS coordinates of 32.6601786 latitude and -83.666758 longitude. This is a single-tenant space, offering exclusive use and control of the entire building. Serious inquiries are encouraged to explore this promising retail opportunity in a prime Warner Robins location. The property is available for lease and is ready for immediate occupancy. Contact us today to schedule a viewing and discuss your business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,790,000
      ML approach
      $2,730,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,305,000
      6.5%
      $2,125,000
      7%
      $1,975,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,552,000
      Market price range: $889k - $2.55M
      AI Estimate
      $2,011,000
      Market price range: $206k - $2.01M

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

    Location Insight

    • Map
    • Local Demand
    City
    Warner Robins
    County
    Houston
    State
    Georgia
    Longitude
    -83.6848
    Latitude
    32.6167
    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
    $19,571
    $223,160
    $370,400
    $593,560
    -
    $557,900
    $926,000
    $1,483,900

    Comparable in this City

    • Value Estimation
      $3,035,000
      19,650 SF

      2907 Watson Blvd

      MINI-MALL • 19,650 SF
      2907 Watson Blvd, Warner Robins, GA 31093-8512
      View Details
    • Value Estimation by Request
      60,000 SF

      1809 Watson Blvd

      Lifestyle centers • 60,000 SF
      1809 Watson Blvd, Warner Robins, GA 31093
      View Details
    • Value Estimation
      $525,000
      92,930 SF

      2620 Watson Blvd

      MINI-MALL • 92,930 SF
      2620 Watson Blvd, Warner Robins, GA 31093-2950
      View Details
    • Value Estimation
      $210,000
      1,225 SF

      1300 Grn St

      WHOLESALE OUTLET, DISCOUNT STORE • 1,225 SF
      1300 Grn St, Warner Robins, GA 31093-2750
      View Details
    • Value Estimation
      $245,000
      1,342 SF

      130 Mnr Ct

      WHOLESALE OUTLET, DISCOUNT STORE • 1,342 SF
      130 Mnr Ct, Warner Robins, GA 31093-3306
      View Details
    • Value Estimation
      $235,000
      1,276 SF

      211 Dunbar Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 1,276 SF
      211 Dunbar Rd, Warner Robins, GA 31093-1209
      View Details

    Similar Nearby for Sale

    • $415,000
      15,000 SF

      Prime Warner Robins Retail Center

      15,000 SF, 100% Occupied, High ROI
      520 Davis Dr, Warner Robins, GA 31093
      View Details
    • Contact for pricing
      4,042 SF

      Restaurant Building on Watson Boulevard

      4,042 SF restaurant with drive-thru and outdoor seating.
      1867 Watson Blvd, Warner Robins, GA 31093
      View Details
    • $550,000
      3,440 SF

      Warner Robins Commercial Property For Sale

      Commercial property in Warner Robins, GA, available for purchase.
      1612 Watson Blvd, Warner Robins, GA 31093
      View Details
    • $2,300,000
      1.00 Acre

      Gas Station with Rental Income

      Prime location gas station with restaurant and car lot.
      800 Elberta Rd, Warner Robins, GA 31093
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    • $1,750,000
      6,190 SF

      Prime Warner Robins Retail Redevelopment

      1-Acre C2 Zoned Retail Site, High Traffic
      2711 Watson Blvd, Warner Robins, GA 31093
      View Details
    • $575,000
      7,000 SF

      Successful Storefront in Warner Robins

      Long-time, successful clothing/costume store in revitalizing area.
      1736 Watson Blvd, Warner Robins, GA 31093
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      45,060 SF

      Houston Crossing Retail Center

      Prime Warner Robins Retail Space
      813 Houston Rd, Warner Robins, GA 31093
      View Details
    • $13 SF/Yr
      14,655 SF

      Magnolia Plaza Retail Space Available

      Retail and office spaces available in Magnolia Plaza Shopping Center.
      3035 Watson Blvd, Warner Robins, GA 31093
      View Details
    • $12 SF/Yr
      1,400 SF

      Multi-Tenant Storefront with Warehouse

      1,400 SF suite available with retail and warehouse space.
      1906 Elberta Rd, Warner Robins, GA 31093
      View Details
    • $28 SF/Yr
      2,400 SF

      Retail Space Near Kroger

      Retail spaces available adjacent to Kroger in Warner Robins, GA.
      3094 Watson Blvd, Warner Robins, GA 31093
      View Details
    • $192 SF/Yr
      2,067 SF

      Prime Retail Pad, Watson Blvd

      Two Suites Available, High Traffic Area
      2062 Watson Blvd, Warner Robins, GA 31093
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space on Watson Boulevard

      Retail space in high-traffic area near Houston Medical Center.
      1815 Watson Blvd, Warner Robins, GA 31093
      View Details
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    Warner Robins, GA 31093-8535
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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.

    More about this property
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