Medical and Warehouse Flex
For Sale
Contact for pricing
1002 Telfair St, Augusta, GA 30901
Two distinct units offer ADA-compliant medical space and clear-span warehouse areas with multiple drive-in doors.
Property Size23,638 SF
Lot Size1.22 Acres
Price / SF$105.76
Days on Market361
Property Features for 1002 Telfair St
General Information
Standard status
Active
Size
23,638 SF
Lot size
1.22 Acres
Property subtype
OFFICE
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
3
Additional Details
Business Included
No
Building Details
Tenancy
Multi
Listing Agency:
Sherman & Hemstreet - Augusta
(706) 722-8334
Listed By:
Joe Edge · License #282262
Source:
Moodyscre
Added: Sep 4, 2025
Changed: Aug 8
Last Checked: Aug 29 at 4:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sherman & Hemstreet - Augusta
Investment Insights
Based on property information with market context.
The property consists of a 23,638 square foot building on a 1.22-acre site zoned light industrial, with convenient access and ample on-site parking. The building is configured as two distinct units that may be leased together or separately.
Unit One provides 12,348 square feet of ADA-compliant medical space and is currently occupied by Augusta Renal for dialysis operations. The lease is set to expire at the end of 2025, and the space is described as being in A+ condition.
Unit Two includes 11,290 square feet of warehouse space with three drive-in doors. The warehouse features a clear-span layout with no columns obstructing the space, along with 20-foot high eave height ceilings and an 18-foot clear height.
Unit One provides 12,348 square feet of ADA-compliant medical space and is currently occupied by Augusta Renal for dialysis operations. The lease is set to expire at the end of 2025, and the space is described as being in A+ condition.
Unit Two includes 11,290 square feet of warehouse space with three drive-in doors. The warehouse features a clear-span layout with no columns obstructing the space, along with 20-foot high eave height ceilings and an 18-foot clear height.
Key Highlights
- 23,638 SF building on 1.22 acres in light industrial zoning with convenient access and ample on‑site parking
- Unit 1: 12,348 SF ADA‑compliant medical space occupied by Augusta Renal for dialysis operations; lease expires end of 2025
- Unit 2: 11,290 SF warehouse with three drive‑in doors, 20‑ft high eave height, and 18‑ft clear height
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
$201,339
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
8.05%
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%
$4,026,780
$4.0M
Cap Rate 7%
$2,876,271
$2.9M
Cap Rate 9%
$2,237,100
$2.2M
Market Conditions
NOI Build-Up for 23,638 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
$340.4K $14.40/SF
− Vacancy
−$30.6K −$1.30/SF
EGI
$309.8K $13.10/SF
− OpEx
−$108.4K −$4.59/SF
NOI
$201.3K $8.52/SF
Area
Augusta, GA
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$4,026,780
Cap Rate 7%
$2,876,271
Cap Rate 9%
$2,237,100
Alternative Uses
Best Use
Office B
$5.17M
$4.52M – $6.03M
NOI $361,661 @ 7.0% cap · market cap 14.47%
Second Best
Healthcare Medical
$4.92M
$4.31M – $5.74M
NOI $344,472 @ 7.0% cap · market cap 13.78%
Theoretical Best
Office A
$7.46M
$6.53M – $8.70M
NOI $522,277 @ 7.0% cap · market cap 20.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,483
Businesses Nearby
Well-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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Two distinct units offer ADA-compliant medical space and clear-span warehouse areas with multiple drive-in doors.
Where is this flex space located?
The property is located at 1002 Telfair St Augusta, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 23,638 SF building on 1.22 acres in light industrial zoning with convenient access and ample on‑site parking; Unit 1: 12,348 SF ADA‑compliant medical space occupied by Augusta Renal for dialysis operations; lease expires end of 2025; Unit 2: 11,290 SF warehouse with three drive‑in doors, 20‑ft high eave height, and 18‑ft clear height
