1624 Watson BlvdWarner Robins, GA 31093

Property Details for 1624 Watson Blvd

Year built

1960

Construction

WOOD

Lot size

1.29 AC

Property size (Sq ft)

12,290 SF

Zone code

C2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

0W038J 006000

APU

0W038J006000

Description

This exceptional 12,290-square-foot office building, located at 1624 Watson Blvd in Warner Robins, Georgia, presents a compelling investment opportunity. The property, built in 1960 and renovated in 2000, boasts a Class C designation and sits on a sizable 56,192-square-foot lot. Currently configured as a multi-tenant building with four occupants, each on a one-year lease, the Dehnad Center offers flexibility for owner-users. The building features a mix of executive, medical, and traditional office spaces, making it ideal for a variety of professional uses. Its prime location directly across from the Medical Center ensures high visibility and accessibility. The property includes 50 parking spaces and is zoned C2. The asking price is $1,000,000, translating to $81.37 per square foot. The building is a two-story structure with a gross lease type and credit-rated tenants. Occupancy commenced on October 24, 2022. This presents a unique chance to acquire a well-situated, established office complex in a thriving medical corridor. The building's size and layout allow for either full utilization or partial occupancy with the potential to lease out remaining space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,938,386

  6.5%

  $1,789,279

  7%

  $1,661,474

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,715,796

  Geo Method

  $3,715,796

• Alternative Use

  Use

  Valuation

  Residential

  $1,789,279

  Hospitality

  $1,638,970

  Educational

  $1,363,604

  Medical

  $1,410,500

  Retail

  $2,121,162

Location Insight

City

Warner Robins

County

Houston

State

Georgia

Latitude

32.6187

Longitude

-83.6305

CBSA code

47580

CBSA name

WARNER ROBINS, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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