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    607 Lee St Ste A Americus, GA 31709-3000
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    Property profile & analytics

    607 Lee St Ste A Americus, GA 31709-3000

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    • Retail properties & Spaces
    • 2,040 SF
    • 1.81 lot acres
    Off-Market
    Property ID
    US22-2938105
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Suds & Duds / (Bike/Boat/Book/etc) Store
    • Art's Record Mart / (Bike/Boat/Book/etc) Store

    Property Details for 607 Lee St Ste A

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    1.81 lot acres
    Property size
    2,040 SF
    Zone code
    2
    Property type
    Retail properties & Spaces
    APN
    6 2 1
    APU
    621

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Americus
    County
    Sumter
    State
    Georgia
    Longitude
    -84.2314
    Latitude
    32.0792
    CBSA code
    11140
    CBSA name
    AMERICUS, GA MICROPOLITAN 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
    $2,871
    $7,200
    $57,880
    $65,080
    -
    $18,000
    $144,700
    $162,700

    Comparable in this City

    • Value Estimation by Request
      165,315 SF

      Forsyth St

      Lifestyle centers • 165,315 SF
      0 Forsyth St, Americus, GA 31709
      View Details
    • Value Estimation by Request
      44,365 SF

      206 Manhattan St

      Retail properties & Spaces • 44,365 SF
      206 Manhattan St, Americus, GA 31709
      View Details
    • Value Estimation by Request
      1,200 SF

      1603 Crawford St

      NURSERY, GREENHOUSE, FLORIST • 1,200 SF
      1603 Crawford St, Americus, GA 31709-3299
      View Details
    • Value Estimation by Request
      73,000 SF

      300 Cherokee St

      Schools • 73,000 SF
      300 Cherokee St, Americus, GA 31709
      View Details
    • Value Estimation by Request
      1,568 SF

      304 Lamar St

      NURSERY, GREENHOUSE, FLORIST • 1,568 SF
      304 Lamar St, Americus, GA 31709-3543
      View Details
    • Value Estimation by Request
      25,100 SF

      1610 Forsyth St

      Lifestyle centers • 25,100 SF
      1610 Forsyth St, Americus, GA 31709
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,496 SF

      Commercial Space Near Downtown

      Versatile commercial space with showroom, offices, and warehouse.
      225 N Lee St, Americus, GA 31709
      View Details
    • $149,900
      Pending

      Downtown Commercial Buildings For Sale

      Two commercial buildings in historic downtown Americus, Georgia.
      W Lamar St, Americus, GA 31709
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    • Contact for pricing
      7,365 SF

      Fully Rented Shopping Center

      Seven-unit shopping center at a high-traffic intersection in Americus, Georgia.
      1600 E Forsyth St, Americus, GA 31709
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    • Contact for pricing
      20,000 SF

      Retail Property with Ample Parking

      Retail space with strong access, traffic, visibility, and parking.
      1607 E Lamar St, Americus, GA 31709
      View Details
    • $625,000
      1.25 Acres

      Commercial Land on US Hwy

      1.25-acre commercial parcel on US Hwy 280 East.
      1720 E Lamar St, Americus, GA 31709
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    • $125,000
      13,000 SF

      Americus Office Building For Sale

      Office building with 13,000 square feet of space.
      130 W Dodson St, Americus, GA 31709
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Americus Village Retail Space Available

      Divisible retail suites from 800 to 9,975 SF for lease.
      1610 E Forsyth St, Americus, GA 31709
      View Details
    • Contact for pricing

      Americus Educational Campus on 9.3 Acres

      73,000 SF institutional facility for lease or purchase.
      300 Cherokee St, Americus, GA 31709
      View Details
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    607 Lee St Ste A
    Americus, GA 31709-3000
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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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