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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Manufacturing properties
508 Liberty SE Expy Albany, GA 31705-5958
Individually Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-3427188
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2016
Construction
CONCRETE
Total area
9,000 SF
Lot
184.88 ac (8,053,373 SF)
Zoning code
M2
APN
00186/00001/005
UPID
US22-3427188
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$573k
Blend (final)
Blend
$575k
Owner & transaction history
Albany Dougherty Payroll Developmen · 16 yrs held
Albany Dougherty Payroll Developmen
since 2009
2 recorded transactions
Zoning & alternative use
M2 · Albany, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
TITLE II
Top alternative use upside
Auto repair, garage
$935,000
+218.0%
Office building
$920,000
+211.7%
Medical building
$675,000
+128.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$935,000
Change: +218% · Conversion: Easy
OFFICE BUILDING
$920,000
Change: +212% · Conversion: Difficult
MEDICAL BUILDING
$675,000
Change: +129% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$620,000
Change: +110% · Conversion: Difficult
RETAIL STORES
$615,000
Change: +108% · Conversion: Moderate
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$64 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$2,922,600
Assessed 2024
Previous assessed
$2,922,600
+0.0% YoY
Assessed land
$220,360
Assessed improvement
$2,702,240
Land market value
$550,900
Improvement market value
$6,755,600
Total market value
$7,306,500
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
9,000 SF
Lot
184.88 ac (8,053,373 SF)
Zoning code
M2
APN
00186/00001/005
UPID
US22-3427188
Jurisdiction
DOUGHERTY
Zoning & alternative use
M2 · Albany, GAZoning M2 · permitted uses
M2 · Albany, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
TITLE II
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$935,000
OFFICE BUILDING
Est. value
$920,000
MEDICAL BUILDING
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$620,000
RETAIL STORES
Est. value
$615,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
5
Lot
184.88 ac
Current owner
From public records · entity-resolved
Albany Dougherty Payroll Developmen
Individual
Free & Clear · 16 yrs held
Mailing address
225 W BROAD AVE, ALBANY, GA 31701-2566
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2009
—
Albany Dougherty Payroll Developmen
Procter & Gamble Paper Products Com
Deed
—
Jul 15, 2008
—
Payrolldevelo Albany Dougherty
Gamble Procter
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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