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Property profile & analytics
OFF-MARKET
Motels
701 Oglethorpe Blvd Albany, GA 31701-2717
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-2186818
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,600 SF
Lot
1.15 ac (50,094 SF)
Zoning code
C3
APN
000DD/00002/019
UPID
US22-2186818
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
Current use
Occupant on record · Public records
-
Albany Chrysler Dodge Jeep RAM Service Dept Auto Repair Shop
-
Albany Chrysler Dodge Jeep RAM Parts Dept Auto Parts Store
-
Town House Motel Hotel & Motel
-
Five Star Chrysler Dodge Jeep Ram Albany Car Dealership Auto Repair Shop
-
Five star jeep eagle dodge of Albany Georgia Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dineshhbhai Lallubhai Patel · 2 yrs held
Dineshhbhai Lallubhai Patel
since 2023
3 recorded transactions
Zoning & alternative use
C3 · Albany, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,644
Tax year 2023
Assessed value
$207,000
Assessed 2023
Previous assessed
$207,000
+0.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$37,880
Assessed improvement
$169,120
Land market value
$94,700
Improvement market value
$422,800
Total market value
$517,500
Applied tax rate
6.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
11,600 SF
Lot
1.15 ac (50,094 SF)
Zoning code
C3
APN
000DD/00002/019
UPID
US22-2186818
Jurisdiction
DOUGHERTY
Zoning & alternative use
C3 · Albany, GA
Zoning C3 · permitted uses
C3 · Albany, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Lot
1.15 ac
Current owner
From public records · entity-resolved
Dineshhbhai Lallubhai Patel
Individual
Mailing address
701 W OGLETHORPE BLVD, ALBANY, GA 31701-2717
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2023
$655,000
Dineshhbhai Lallubhai Patel
Dvr Corp INC
Warranty Deed
$416,065 · Dvr
Oct 4, 2017
—
Dvr Corp
—
Deed
related
$353,569 · Peoples South Bank
Jan 31, 2007
$600,000
Dvr Corp
Town House Motel Corp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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