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    Augusta Land Prime Location Title is generated by Realmo AI

    2208 Tobacco Road, Augusta, GA 30906

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    Claim this Listing
    For Sale
    $415,900

    LAND - Augusta, GA

    Property size:
    2,882 SF
    Lot size:
    3.94 Acres
    Price / SF:
    $144/SF
    Added:
    May 10, 2021
    Days on Market:
    1848
    Last Refresh:
    May 31 at 8:06 pm

    Property Features for 2208 Tobacco Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Size
    2,882 SF
    Lot size
    3.94 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Water source
    Public

    Building Details

    Year built
    1950
    Number of units
    2

    We can help!

    Listing Contact
    Nichole Cooper
    Nichole Cooper

    Listing agent Nichole Cooper License #371510

    Listing office Meybohm Real Estate - Evans 7025 Evans Town Center Blvd., Evans, GA

    Listing date May 10, 2021

    MLS# 98225011

    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.

    HighLights

    • Prime location at a high‑traffic intersection in a growing area of Augusta, offering excellent exposure for a business.
    • 3.94‑acre tract of land with approximately 176ft of road frontage, ideal for development.
    • Zoned residential/agricultural with two dwellings, providing immediate rental income potential.
    • Vast amount of opportunities for various businesses (grocery, retail, restaurant, automotive, storage unit, etc.).
    • Located in an area of consistent growth and strong development.
    • Utilities available: Water (Public) and Sewer (Septic Tank).

    Overview

    This 3.94-acre tract of land is situated in an area experiencing consistent growth and strong development. Located at a high-traffic intersection, the property offers significant exposure, making it suitable for a growing business. The property is currently zoned residential/agricultural and includes two dwellings: a primary residence and a secondary dwelling used as a garage/apartment for rental income. With approximately 176 feet of road frontage, this location is suitable for various business or development opportunities in a rapidly growing area of Augusta. Potential uses include grocery stores, retail establishments, restaurants, automotive businesses, and storage units. The property contains a 2,882 square foot building.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $47.7k $16.56
    − Vacancy −$2.6k −$0.89
    EGI $45.1k $15.67
    − OpEx −$11.3k −$3.92
    NOI $33.9k $11.75
    2,882 SF · lease $16.56/SF/yr · vacancy 5.40% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $483.7K
    $423.3K – $564.4K (±1% cap)
    NOI $33,862 @ 7.0% cap · market cap 8.14%
    Second Best
    Retail
    $458.6K
    $401.3K – $535.1K (±1% cap)
    NOI $32,105 @ 7.0% cap · market cap 7.72%
    Theoretical Best
    Office A
    $909.7K
    $796.0K – $1.06M (±1% cap)
    NOI $63,677 @ 7.0% cap · market cap 15.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Columbia
    State
    Georgia
    Longitude
    -82.03385
    Latitude
    33.372591

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    FAQs

    What type of property is this?
    Commercial land - 3.94 acres in high-growth area, ideal for business development.
    Where is this commercial land located?
    The property is located at 2208 Tobacco Road Augusta, GA.
    What is the asking price?
    The asking price for this property is $415,900.
    What are key features of this property?
    This property features: Prime location at a high‑traffic intersection in a growing area of Augusta, offering excellent exposure for a business.; 3.94‑acre tract of land with approximately 176ft of road frontage, ideal for development.; Zoned residential/agricultural with two dwellings, providing immediate rental income potential.
    (706) 564-8212
    We can help!
    Listing Contact
    Nichole Cooper
    Nichole Cooper
    Real Estate License ID: 371510
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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