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    The Largest CRE Database in the US with Over 1 Million Listings

    230 E Barcelona Way Augusta, GA 30906

    Sponsored
    For Sale
    $3,808,000

    MULTI_FAMILY - Augusta, GA

    Property size:
    2,400 SF
    Lot size:
    0.10 Acres
    Days on Market:
    36
    Last Refresh:
    Feb 20 at 7:06 pm

    Property Features for 230 E Barcelona Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 6, Bedroom 9, Bathroom 34, Bathroom 8, Bathroom 21, Bedroom 38, Bedroom 26, Bedroom 14, Bathroom 1, Bathroom 12, Bedroom 2, Bedroom 29, Bedroom 13, Bedroom 20, Bathroom 28, Bedroom 25, Bedroom 23, Bathroom 27, Bedroom 34, Bedroom 41, Bedroom 30, Bathroom 32, Bathroom 24, Bedroom 11, Bathroom 18, Bathroom 4, Bathroom 2, Bedroom 19, Bedroom 12, Bathroom 7, Bedroom 31, Bedroom 4, Bedroom 35, Bedroom 27, Bathroom 26, Bedroom 16, Bedroom 7, Bedroom 33, Bathroom 16, Bathroom 29, Bathroom 9, Bedroom 10, Bathroom 5, Bathroom 23, Bathroom 13, Bathroom 31, Bedroom 40, Bathroom 17, Bedroom 1, Bathroom 11, Bedroom 17, Bathroom 33, Bathroom 10, Bedroom 8, Bathroom 19, Bathroom 25, Bedroom 32, Bedroom 15, Bedroom 21, Bathroom 35, Bedroom 5, Bathroom 22, Bathroom 14, Bedroom 3, Bathroom 15, Bathroom 6, Bathroom 20, Bedroom 36, Bedroom 18, Bedroom 22, Bedroom 28, Bedroom 37, Bedroom 24, Bathroom 30, Bathroom 36, Bathroom 3, Bedroom 39
    Bedrooms
    41
    Bathrooms
    36
    APN
    0000000000
    Parking features
    Garage
    Size
    2,400 SF
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    2005
    Number of units
    16
    Building materials
    Brick, HardiPlank Type

    We can help!

    Listing Contact
    Phillip McCormick

    David Greene Realty, Llc (706) 955-8545

    Listing agent Phillip McCormick (706) 829-2922 License #314057

    Listing date Jan 16, 2026

    MLS# 547841

    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.

    Learn more

    Property Insight Report

    Overview

    Augusta Multifamily Investment Opportunity

    This multifamily property is located in Augusta, Georgia. The property has a size of 2400 square feet and is situated on a lot of approximately 0.1 acres. Dimensions are estimated. The property is listed as a multifamily property, residential income property, and apartment building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Bar & Pub Grocery & Convenience Store Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Columbia
    State
    Georgia
    Longitude
    -81.983069
    Latitude
    33.34079

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property for sale in Augusta, Georgia.
    Where is this apartment building located?
    The property is located at 230 E Barcelona Way Augusta, GA.
    What is the asking price?
    The asking price for this property is $3,808,000.
    What are key features of this property?
    This property features: - Built in 2005, offering relatively modern construction.; - Features central air and ceiling fans for cooling.; - Includes a garage for parking.
    (706) 829-2922
    Request Owner's contact information
    230 E Barcelona Way Augusta, GA 30906
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    Augusta, GA 30906
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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
    230 E Barcelona Way Augusta, GA 30906
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    We can help!
    Listing Contact
    Phillip McCormick
    Real Estate License ID: 314057
    (706) 829-2922
    Learn more
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