2305 Watson BlvdWarner Robins, GA 31093

  • Retail properties
  • 3,902 SF
For Sale
$2,256,000 View listing

Property Details for 2305 Watson Blvd

Year built
2002
Construction
STEEL FRAME
Lot size
1.17 AC
Property size (Sq ft)
3,902 SF
Zone code
C2
Property type
Retail properties
Property subtype
Auto shops
APN
0W79C0 042000
APU
0W79C0042000

Description

This exceptional investment opportunity presents a 4,885 square foot retail building located at 2305 Watson Blvd, Warner Robins, Georgia, 31093. The property boasts a strong 6.65% cap rate and features a versatile design including two drive-thru bays, ideal for automotive-related businesses. Currently occupied under new leases with a weighted average lease term (WALT) of 9.5 years, the property offers a passive, absolute NNN lease structure, eliminating landlord responsibilities. Rent escalations of 10% every five years throughout the base term and each option period provide an inflation hedge. The property benefits from high visibility on Watson Boulevard, with approximately 35,974 vehicles passing daily. The robust retail market in Warner Robins features 10.9 million square feet of retail space and a low vacancy rate of 3.8%. Nearby retail anchors include Home Depot, Walmart, Lowe's, Target, Academy Sports, and Hobby Lobby, ensuring significant foot traffic. Furthermore, the property's proximity to Robins Air Force Base, the largest single-site industrial complex in Georgia, with a workforce exceeding 122,000, contributes to its strong economic foundation. The base's significant economic impact on the region further enhances the property's investment potential. Several nearby multi-family developments, including Legends at Town Place, The Flats at Lakeview, Beacon Place Apartments (Phase 2), and Belair Commons, are adding to the area's growth and population. The building was constructed in 2024/2025. The asking price is $2,256,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $729,577
    6.5%
    $673,456
    7%
    $625,352
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,918,033
    Geo Method
    $1,918,033
  • Alternative Use

    Use
    Valuation
    Residential
    $568,085
    Hospitality
    $520,363
    Educational
    $432,936
    Medical
    $447,825
    Retail
    $673,456
2305 Watson Blvd, Warner Robins, Georgia

Location Insight

City
Warner Robins
County
Houston
State
Georgia
Latitude
32.6177
Longitude
-83.662
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
2023
$9,752
$163,760
$132,000
$295,760
-
$409,400
$330,000
$739,400

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