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    Property profile & analytics

    3005 Old Dawson Rd Albany, GA 31721

    • Office buildings
    • 11,400 SF
    • 5.52 lot acres
    For Sale
    View listing
    $1,150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3515976
    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

    • Office buildings

    Property Details for 3005 Old Dawson Rd

    Year built
    1975
    Construction
    WOOD
    Lot size
    5.52 lot acres
    Property size
    11,400 SF
    Zone code
    R1
    Property type
    Office buildings
    APN
    00352/00001/006
    APU
    35200001006

    Description

    This exceptional 11,400-square-foot, single-story commercial building presents a unique investment opportunity in Albany, Georgia. Situated on a generous 5.52-acre lot in the heart of northwest Albany, this property offers unparalleled convenience and accessibility. The building boasts 24 private offices, providing ample space for a variety of business needs. Four handicap-accessible restrooms ensure compliance and inclusivity. A well-equipped kitchen and break room cater to employee comfort, while a dedicated conference room facilitates productive meetings. The property features a covered drop-off area in the rear for convenient access, along with extensive parking to accommodate numerous vehicles. All city utilities are connected, and a partial sprinkler system and alarm system enhance security and safety. Zoned C5c, the property allows for office, institutional, religious, preschool, or other office uses, subject to administrative approval from the Planning Office. Originally constructed as a church and converted to an office building in 2012, this property benefits from its established infrastructure and adaptable layout. Its prime location places it within one to two blocks of banks, insurance companies, and medical offices, ensuring high visibility and convenient access to essential services. The property also offers approximately 650 feet of road frontage and additional access via a public road at the rear, providing excellent ingress and egress. This is a remarkable opportunity to acquire a substantial and well-maintained commercial property in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $568,000
      Market price range: $462k - $1.00M

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.228
    Latitude
    31.6146
    CBSA code
    10500
    CBSA name
    ALBANY, 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
    $0.00
    $44,160
    $266,840
    $311,000
    -
    $110,400
    $667,100
    $777,500

    Comparable in this City

    • Value Estimation
      $345,000
      9,768 SF

      611 Pointe N Blvd

      OFFICE BUILDING • 9,768 SF
      611 Pointe N Blvd, Albany, GA 31721-1514
      View Details
    • Value Estimation
      $430,000
      7,020 SF

      2824 Gillionville Rd

      OFFICE BUILDING • 7,020 SF
      2824 Gillionville Rd, Albany, GA 31721-2904
      View Details
    • Value Estimation
      $285,000
      2,400 SF

      2729 Phillips Dr

      OFFICE BUILDING • 2,400 SF
      2729 Phillips Dr, Albany, GA 31721-4533
      View Details
    • Value Estimation
      $325,000
      4,080 SF

      624 Pointe N Blvd

      OFFICE BUILDING • 4,080 SF
      624 Pointe N Blvd, Albany, GA 31721-1590
      View Details
    • Value Estimation
      $1,905,000
      14,420 SF

      636 Pointe N Blvd

      OFFICE BUILDING • 14,420 SF
      636 Pointe N Blvd, Albany, GA 31721-1590
      View Details
    • Value Estimation
      $115,000
      9,884 SF

      2911 Meredyth Dr

      OFFICE BUILDING • 9,884 SF
      2911 Meredyth Dr, Albany, GA 31721-1544
      View Details

    Similar Nearby for Sale

    • $1,150,000
      5.52 Acres

      Spacious Office Building on 5.5 Acres

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      3005 Old Dawson Rd, Albany, GA 31721
      View Details
    • $4,870,000
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      Albany Commercial Land - 19 Acres

      Mixed-use development opportunity in Dougherty County.
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      View Details
    • $1,295,000
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      Albany Office Building - 11,400 SF

      Spacious Office Building, 5.5 Acres, Prime Location
      3005 Old Dawson Rd, Albany, GA 31721
      View Details
    • $649,900
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      Albany Commercial Property with Barns

      Two commercial properties totaling 5.98 acres with improvements for sale.
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      View Details
    • $4,870,000

      19.48-Acre Mixed Use Lot

      19.48-acre mixed-use lot available in Albany, Dougherty County.
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      View Details
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    3005 Old Dawson Rd
    Albany, GA 31721
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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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