Grocery Store with Parking
For Sale
$1,500,000
1675 Olive Road, Augusta, GA 30904
COMMERCIAL - Augusta, GA
Property Size5,390 SF
Lot Size0.53 Acres
Price / SF$278.29
Days on Market287
Property Features for 1675 Olive Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Level
Directions
Travel Hwy 20 East To Milledgeville Rd East Augusta To Left On Olive Rd To EZ Grocery On The Left.
Standard status
Active
APN
0583101000
Size
5,390 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
3994
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Building materials
Block, Concrete
Listing Agency:
Realty ONE Group Vista
(706) 400-1212
Listed By:
Donna Dillard · License #42791
(678) 777-1813
Added: Nov 2, 2025
Changed: Aug 4
Last Checked: Aug 15 at 8:06PM
MLS# 10642072
Copyright © 2026 Georgia Multiple Listing Service. 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.
This grocery and convenience store property includes a 5,390-square-foot building on 0.53 acres. Constructed in 1953, the building uses block and concrete construction and is equipped with central heating and central air conditioning. A dedicated parking lot supports on-site access for customers and staff.
Located at 1675 Olive Road in Augusta, the property has public water, public sewer, and electricity available. The existing commercial format is suited to a grocery and convenience retail use, with the building and site providing a defined setting for daily neighborhood shopping needs.
Located at 1675 Olive Road in Augusta, the property has public water, public sewer, and electricity available. The existing commercial format is suited to a grocery and convenience retail use, with the building and site providing a defined setting for daily neighborhood shopping needs.
Key Highlights
- 5,390‑square‑foot grocery and convenience store building
- 0.53‑acre commercial site
- Block and concrete construction completed in 1953
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
$63,329
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
4.22%
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%
$1,266,580
$1.3M
Cap Rate 7%
$904,700
$904.7K
Cap Rate 9%
$703,656
$703.7K
Market Conditions
NOI Build-Up for 5,390 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
$89.3K $16.56/SF
− Vacancy
−$4.8K −$0.89/SF
EGI
$84.4K $15.67/SF
− OpEx
−$21.1K −$3.92/SF
NOI
$63.3K $11.75/SF
Area
Augusta, GA
Vacancy
5.40%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
25.00%
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%
$1,266,580
Cap Rate 7%
$904,700
Cap Rate 9%
$703,656
Alternative Uses
Best Use
Specialty Retail
$904.7K
$791.6K – $1.06M
NOI $63,329 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$857.8K
$750.6K – $1.00M
NOI $60,044 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,091 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Under-served
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 Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Yeung Supermarket — 1671 Olive Rd, Augusta, GA 30904
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Central heating and cooling serve the building, with public water and sewer connections.
Where is this grocery and convenience store located?
The property is located at 1675 Olive Road Augusta, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,390‑square‑foot grocery and convenience store building; 0.53‑acre commercial site; Block and concrete construction completed in 1953
