921 Hillcrest PkwyDublin, GA 31021

  • Outlet malls
  • 11,840 SF
For Sale
$1,200,000 View listing

Property Details for 921 Hillcrest Pkwy

Year built
2004
Construction
STEEL FRAME
Lot size
1.46 AC
Property size (Sq ft)
11,840 SF
Zone code
COMMERCIAL
Property type
Outlet malls
APN
D09E-101
APU
D09E101

Description

This exceptional 7,728 square foot retail property, situated on a 1.46-acre lot at 921 Hillcrest Parkway in Dublin, Georgia, presents a compelling investment opportunity. Currently leased to Family Dollar through March 2025, with four additional five-year renewal options extending the lease to 2045, this property offers significant long-term income potential. The building boasts a prime retail location and ample parking, accommodating over 40 vehicles, with convenient semi-truck turnaround space and a rear roll-up dock door. The asking price is $1,200,000, representing a value below the assessed tax value, making this a particularly attractive proposition for discerning investors seeking a stable, high-yield asset in a thriving market. The substantial building size and extended lease term provide a secure and predictable income stream, while the strategic location and ample parking ensure continued tenant viability and potential for future growth. This property is an ideal addition to any diversified real estate portfolio. The property's strong tenant history and favorable lease terms make it a low-risk, high-reward investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,626,490
    6.5%
    $2,424,450
    7%
    $2,251,280
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,401,890
    Geo Method
    $2,401,890
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $4,701,300
    Mixed-Use / Specialty
    $2,426,570
    Hospitality / Lodging
    $1,794,300
    Office
    $2,423,350
    Institutional / Educational
    $2,526,500
    Residential Income
    $2,956,000
    Multifamily
    $3,485,630
    Automotive / Energy
    $2,165,570
    Parking / Income-Based Land
    $736,684
    Restaurant / Food Service
    $1,285,030
    Healthcare / Senior Housing
    $2,477,370

Location Insight

City
Dublin
County
Laurens
State
Georgia
Latitude
32.5476
Longitude
-82.9325
CBSA code
20140
CBSA name
DUBLIN, 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
$6,150
$61,248
$131,050
$192,298
-
$153,120
$327,624
$480,744

FAQs

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