Renovated Flex Space with Bay
For Sale
$450,000
1010 Druid Park Avenue, Augusta, GA 30904
Commercial Sale, Augusta, GA
Property Size3,979 SF
Lot Size0.36 Acres
Price / SF$118.55
Days on Market102
Property Features for 1010 Druid Park Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1
Parking features
Parking Lot
Lot features
Level, Landscaped, Cleared
Directions
Walton way to Druid Park. 1 mile on the left.
Standard status
Active
APN
0452075010
Size
3,796 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
045-2-075-01-0
Tax Annual Amount
2885
Legal Description
045-2-075-01-0
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
private office spaces
front desk/reception area
dedicated intake area
large open storage or work area
10-foot bay roll-up door
fenced yard
electric gate
Building Details
Year built
1998
Roof type
Asphalt
Listing Agency:
Douglas Lane Real Estate Group
(706) 831-0771
Listed By:
Jacob M Glover · License #389791
(762) 333-3096
Added: May 26
Changed: Aug 20
Last Checked: Sep 4 at 11:06AM
MLS# 100576838
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Renovated in 2025, this B-1 flex property combines dedicated office areas with open space for storage or work functions. The layout includes five private offices, a reception desk, a customer intake area, and a 10-foot bay roll-up door supporting loading and unloading. A new roof and updated interior finishes are also in place.
The property occupies 0.36 acres at 1010 Druid Park Avenue in Augusta, Georgia. The site is newly fenced and equipped with a new electric gate for controlled perimeter access. Additional features include a parking lot, electric heating, public water, public sewer, and an asphalt roof.
The property occupies 0.36 acres at 1010 Druid Park Avenue in Augusta, Georgia. The site is newly fenced and equipped with a new electric gate for controlled perimeter access. Additional features include a parking lot, electric heating, public water, public sewer, and an asphalt roof.
Key Highlights
- Renovated in 2025 with a new roof and updated interior finishes
- Five private office spaces plus reception and dedicated intake areas
- 10‑foot bay roll‑up door for loading and operational access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,333
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$646,660
$646.7K
Cap Rate 7%
$461,900
$461.9K
Cap Rate 9%
$359,256
$359.3K
Market Conditions
NOI Build-Up for 3,796 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.7K $14.40/SF
− Vacancy
−$4.9K −$1.30/SF
EGI
$49.7K $13.10/SF
− OpEx
−$17.4K −$4.59/SF
NOI
$32.3K $8.52/SF
Area
Augusta, GA
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$646,660
Cap Rate 7%
$461,900
Cap Rate 9%
$359,256
Alternative Uses
Best Use
Office B
$829.7K
$726.0K – $968.0K
NOI $58,079 @ 7.0% cap · market cap 12.91%
Second Best
Flex RnD
$461.9K
$404.2K – $538.9K
NOI $32,333 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,872 @ 7.0% cap · market cap 18.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,957
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30904, GA
24,145
Population
12,558
Households
1.9
Avg Household Size
38
Median Age
31%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,195
Density / Sq Mi
$45,636
Median Household Income
$29,101
Median Earnings
$953
Median Rent
$185,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - B-1 commercial facility with private offices, open work area, and controlled yard access.
Where is this flex space located?
The property is located at 1010 Druid Park Avenue Augusta, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Renovated in 2025 with a new roof and updated interior finishes; Five private office spaces plus reception and dedicated intake areas; 10‑foot bay roll‑up door for loading and operational access
