2208 Tobacco Road Augusta, GA 30906
LAND - Augusta, GA
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
Listing agent Nichole Cooper License #371510 (706) 564-8212
Listing office Meybohm Real Estate - Evans GA
Listing date May 10, 2021
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Investment Insights
Based on property information with market context.
The site is located at a high-traffic intersection in Augusta, GA, providing exposure for business or development plans. The property is currently occupied, and the owner requests that no sign be displayed.
For buyers seeking a development-minded parcel, the combination of site size, meaningful road footage, and existing structures may support a range of redevelopment or continued use scenarios, subject to applicable approvals.
Key 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.
Local Financial Insights For Apartment 5plus
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 | $51.9k | $18.00 |
| − Vacancy | −$4.4k | −$1.53 |
| EGI | $47.5k | $16.47 |
| − OpEx | −$21.4k | −$7.41 |
| NOI | $26.1k | $9.06 |
