Restaurant with Covered Outdoor
For Sale
$450,000
1795 Martin Luther King Jr Boulevard, Augusta, GA 30901
COMMERCIAL - Augusta, GA
Property Size1,080 SF
Lot Size0.17 Acres
Price / SF$416.67
Days on Market485
Property Features for 1795 Martin Luther King Jr Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Subdivision
Laney Walker
Directions
GPS is best.
Standard status
Active
APN
0593197000
Size
1,080 SF
Lot size
0.17 Acres
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Water source
Public
Amenities
gated parking lot
Building Details
Year built
1936
Roof type
Metal
Listing Agency:
Lokation Real Estate, LLC
(404) 348-0420
Listed By:
Porsha C Beasley · License #402258
(706) 910-8158
Added: Apr 13, 2025
Changed: Aug 4
Last Checked: Aug 10 at 8:06AM
MLS# 98227251
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.
Restaurant space on a 0.165-acre lot with 1,080 square feet under roof. Built in 1936 with a metal roof, the property includes a parking lot and a gated parking area. Outdoor space is highlighted by an expansive covered dining and grill area suited for hosting or expanded service.
The sale is offered as-is and includes commercial kitchen equipment, appliances, and furnishings for a turn-key restaurant operation. Public utilities include public water and public sewer, and phone service is available.
Located at 1795 Martin Luther King Jr Boulevard in Augusta County, GA, the property is set up for day-to-day restaurant use with indoor and covered outdoor dining areas, plus the included kitchen package for immediate occupancy upon confirmation of fit and requirements.
The sale is offered as-is and includes commercial kitchen equipment, appliances, and furnishings for a turn-key restaurant operation. Public utilities include public water and public sewer, and phone service is available.
Located at 1795 Martin Luther King Jr Boulevard in Augusta County, GA, the property is set up for day-to-day restaurant use with indoor and covered outdoor dining areas, plus the included kitchen package for immediate occupancy upon confirmation of fit and requirements.
Key Highlights
- Expansive covered outdoor dining and grill area
- Gated parking lot
- 0.165‑acre lot
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
$12,689
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
2.82%
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%
$253,780
$253.8K
Cap Rate 7%
$181,271
$181.3K
Cap Rate 9%
$140,989
$141.0K
Market Conditions
NOI Build-Up for 1,080 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
$17.9K $16.56/SF
− Vacancy
−$966 −$0.89/SF
EGI
$16.9K $15.67/SF
− OpEx
−$4.2K −$3.92/SF
NOI
$12.7K $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%
$253,780
Cap Rate 7%
$181,271
Cap Rate 9%
$140,989
Alternative Uses
Best Use
Specialty Retail
$181.3K
$158.6K – $211.5K
NOI $12,689 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$340.9K
$298.3K – $397.7K
NOI $23,862 @ 7.0% cap · market cap 5.30%
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
279
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30901, GA
15,978
Population
8,848
Households
1.8
Avg Household Size
38
Median Age
13%
College-Educated
76%
High-School Grad
17.6 sq mi
ZIP Area
908
Density / Sq Mi
$23,019
Median Household Income
$24,349
Median Earnings
$805
Median Rent
$92,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant with an expansive covered outdoor dining and grill area and gated parking lot.
Where is this conventional restaurant located?
The property is located at 1795 Martin Luther King Jr Boulevard 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: Expansive covered outdoor dining and grill area; Gated parking lot; 0.165‑acre lot
