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    Property profile & analytics

    506 Martin Luther King Jr Dr Sylvester, GA 31791-2637

    • Grocery and convenience stores
    • 2,132 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Last Sale
    Apr 29, 2021
    $300,000
    Location Intelligence
    Property ID
    US22-3257097
    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

    • Grocery and convenience stores

    Property Details for 506 Martin Luther King Jr Dr

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.44 lot acres
    Property size
    2,132 SF
    Property type
    Grocery and convenience stores
    APN
    SV150-097-00A
    APU
    SV15009700A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $280,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $270,000
      Mixed-Use
      $270,000
      Hospitality
      $295,000
      Educational
      $330,000
      Residential Income
      $355,000
      Energy
      $265,000
      Income-Based Land
      $300,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    Sylvester
    County
    Worth
    State
    Georgia
    Longitude
    -83.8305
    Latitude
    31.5234
    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
    $680
    $0.00
    $48,374
    $48,374
    -
    $0.00
    $120,936
    $120,936

    Comparable in this City

    • Value Estimation
      $340,000
      3,009 SF

      101 Franklin St

      GROCERY, SUPERMARKET • 3,009 SF
      101 Franklin St, Sylvester, GA 31791-2046
      View Details
    • Value Estimation
      $495,000
      3,540 SF

      404 Franklin St

      CONVENIENCE STORE • 3,540 SF
      404 Franklin St, Sylvester, GA 31791-2222
      View Details
    • Value Estimation
      $230,000
      2,890 SF

      2402 Ga Hwy 313

      CONVENIENCE STORE • 2,890 SF
      2402 Ga Hwy 313, Sylvester, GA 31791-7428
      View Details
    • Value Estimation by Request
      4,346 SF

      108th Royal St

      CONVENIENCE STORE • 4,346 SF
      108th Royal St, Sylvester, GA 31791-7151
      View Details
    • Value Estimation by Request
      2,480 SF

      Sylvester, GA 31791

      GROCERY, SUPERMARKET • 2,480 SF
      Sylvester, GA 31791
      View Details
    • Value Estimation
      $655,000
      28,286 SF

      502 Ashburn Hwy

      GROCERY, SUPERMARKET • 28,286 SF
      502 Ashburn Hwy, Sylvester, GA 31791-1400
      View Details

    Similar Nearby for Sale

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      NNN Leased Retail Building

      Freestanding NNN leased retail building with approximately 8 years remaining.
      402 W Franklin St, Sylvester, GA 31791
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    • $1,386,426
      9,669 SF

      Truist Bank NNN Investment

      Sylvester, GA: Bank building, strong lease.
      201 Isabella St, Sylvester, GA 31791
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    • Contact for pricing
      16,000 SF

      Sylvester Retail Space - Prime Location

      High-traffic retail space, 16,000 sq ft.
      622 Franklin St, Sylvester, GA 31791
      View Details
    • Contact for pricing

      Office Building on Franklin Street

      Office building for sale on East Franklin Street.
      Sylvester, GA 31791
      View Details
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    Sylvester, GA 31791-2637
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    Realmo Value Estimation

    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.

    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.

    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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