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    2929 Watson Blvd Warner Robins, GA 31093-8535
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    Property profile & analytics

    2929 Watson Blvd, Warner Robins, GA 31093-8535

    View on Map
    • Community centers
    • 13,205 SF
    • 1.37 lot acres
    Off-Market
    Last Sale Jan 20, 2022
    $3,175,000
    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.
    Value Estimations
    $2,650,000
    Show details
    Cap Rate Potential
    4.9%
    Community centers
    Location Intelligence

    Current Use by Public Records

    • sistaz african accessories / Department Store
    • Mid Georgia House Buyers / Real Estate Agency
    • The UPS Store / Courier Service / Postal Service
    • Target Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Sally Beauty / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 2929 Watson Blvd

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

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 20, 2022 $3,175,000 Umiya 2929 LLC Gig At Willow Lake INC Limited Warranty Deed $2.4M · Capital City Bank
    Dec 3, 2007 $3,200,000 1st Gig At Willow Lake INC Fdc Warner Robins LLC Grant Deed · related $2.3M · Artesia Mortgage Capital Corp

    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

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,940,000
      Current use
      RESTAURANT
      $3,735,000
      Change: +92% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,095,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $1,625,000
      Change: -16% Conversion: Easy

    Get a detailed, property-specific estimation — 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
      $15,690,000
      92,930 SF

      2620 Watson Blvd

      MINI-MALL
      2620 Watson Blvd, Warner Robins, GA 31093-2950
      View Details
    • Value Estimation by Request
      60,000 SF

      1809 Watson Blvd

      Lifestyle centers
      1809 Watson Blvd, Warner Robins, GA 31093
      View Details
    • Value Estimation
      $3,325,000
      19,650 SF

      2907 Watson Blvd

      MINI-MALL
      2907 Watson Blvd, Warner Robins, GA 31093-8512
      View Details
    • Value Estimation by Request
      4,948 SF

      511 Watson Blvd

      WHOLESALE OUTLET, DISCOUNT STORE
      511 Watson Blvd, Warner Robins, GA 31093-3409
      View Details
    • Value Estimation
      $6,730,000
      41,453 SF

      4027 Watson Blvd

      SHOPPING CENTER, STRIP CENTER
      4027 Watson Blvd, Warner Robins, GA 31093-9524
      View Details
    • Value Estimation by Request
      1,706 SF

      608 Duke Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      608 Duke Ave, Warner Robins, GA 31093-2716
      View Details

    Similar Nearby for Sale

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      Successful Storefront in Warner Robins

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      Former Restaurant on High-Traffic Corner

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    • $150,000
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    • New
      Contact for pricing
      1,674 SF

      Valvoline Absolute NNN Ground Lease

      Newly developed Valvoline ground lease secured by 15-year absolute NNN terms and a corporately guaranteed landlord-free structure.
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    Similar Nearby for Lease

    • Contact for pricing

      Magnolia Plaza Retail/Office Space

      Retail and office spaces available in Magnolia Plaza Shopping Center.
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      Retail Space in Thriving Market

      Retail space with ample parking and excellent access.
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      Salon and office suites for lease, utilities included.
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      Retail Space on Watson Boulevard

      Retail space in high-traffic area near Houston Medical Center.
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      Retail Space Near Kroger

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

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