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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    947 Carl Vinson Pkwy Centerville, GA 31028-1419

    • Manufacturing properties
    • 13,344 SF
    • 1.82 lot acres
    OFF-MARKET
    Last Sale
    Oct 28, 2021
    $595,000
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1017759
    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

    • Manufacturing properties

    Property Details for 947 Carl Vinson Pkwy

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    1.82 lot acres
    Property size
    13,344 SF
    Zone code
    M1
    Property type
    Manufacturing properties
    APN
    0C0130 050000
    APU
    0C0130050000

    Description

    This 13,737-square-foot flex space building is situated on a 1.82-acre lot in Centerville, Georgia, and offers a unique blend of warehouse and office space. The property, built in 1989, features approximately 12,603 square feet of warehouse space and 1,134 square feet of climate-controlled office space. Access is provided by two 10-foot roll-up doors at the front and two exterior loading docks equipped with a ramp, ensuring efficient loading and unloading. The ample parking accommodates 38 vehicles. The property is zoned M-1, ideal for various industrial uses. Maintenance of landscaping and utilities is the responsibility of the tenant. Strategically located off Carl Vinson Parkway, this property enjoys convenient access to Interstate 75 and is only six miles from Robins Air Force Base. The surrounding area boasts a mix of businesses, including Hydradyne, PURCOR Pest Solutions, Unity Wholesale Distributors, and several self-storage facilities. This single-tenant building presents a fantastic opportunity for businesses seeking a well-maintained and conveniently located industrial space. The property's features include one building, two dock-high doors, and two drive-in doors. The APN is 0C0130 050000. The entire 13,737 square feet is currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $470,000
      ML approach
      $415,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $975,000
      RETAIL STORES
      $940,000
      AUTO REPAIR, GARAGE
      $915,000
      NEIGHBORHOOD: SHOPPING CENTER
      $820,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Houston
    State
    Georgia
    Longitude
    -83.6616
    Latitude
    32.6372
    CBSA code
    47580
    CBSA name
    WARNER ROBINS, 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
    2024
    $6,521
    $50,120
    $137,880
    $188,000
    -
    $125,300
    $344,700
    $470,000

    Comparable in this City

    • Value Estimation
      $910,000
      16,000 SF

      901 Carl Vinson Pkwy

      MINI-WAREHOUSE, STORAGE • 16,000 SF
      901 Carl Vinson Pkwy, Centerville, GA 31028
      View Details
    • Value Estimation
      $580,000
      9,900 SF

      2501st Elberta Rd

      MINI-WAREHOUSE, STORAGE • 9,900 SF
      2501st Elberta Rd, Centerville, GA 31028-1429
      View Details
    • Value Estimation by Request
      3,000 SF

      102 Industrial Way

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      102 Industrial Way, Centerville, GA 31028-1443
      View Details
    • Value Estimation
      $620,000
      10,800 SF

      953 Carl Vinson Pkwy

      MINI-WAREHOUSE, STORAGE • 10,800 SF
      953 Carl Vinson Pkwy, Centerville, GA 31028-1419
      View Details
    • Value Estimation
      $815,000
      10,800 SF

      953 Carl Vinson Pkwy

      MINI-WAREHOUSE, STORAGE • 10,800 SF
      953 Carl Vinson Pkwy, Centerville, GA 31028-1419
      View Details
    • Value Estimation by Request
      4,800 SF

      144 Commercial Aly

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      144 Commercial Aly, Centerville, GA 31028
      View Details

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      Centerville Commercial Land Opportunity

      6.29 Acres, Prime Location, $600,000
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      6.29-Acre Centerville Land Opportunity

      Rare 6.29-acre tract, ideal for development.
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    • Contact for pricing
      0.37 Acres

      Residential Lot in Quiet Cul-de-Sac

      Vacant lot in Centerville with city utilities and walk-out basement.
      106 Maple Glen Ct, Centerville, GA 31028
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      5,002 SF

      Centerville Retail Space For Lease

      High-traffic, versatile 5,002 SF retail space
      2812 Watson Blvd, Centerville, GA 31028
      View Details
    • Contact for pricing
      2,970 SF

      Executive Suites Centerville, GA

      Prime Office Space, 10 Suites Available
      951 Carl Vinson Pkwy, Centerville, GA 31028
      View Details
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    Centerville, GA 31028-1419
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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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