Medical and Warehouse Flex
1002 Telfair St Augusta, GA 30901
For Sale
Contact for pricing
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 Market330
Property Features for 1002 Telfair St
General Information
Standard status
Active
Size
23,638 SF
Lot size
1.22 Acres
Property subtype
OFFICE
Listing Agency:
Sherman & Hemstreet - Augusta
(706) 722-8334
Listed By:
Joe Edge · License #282262
Source:
Moodyscre
Added: Sep 4, 2025
Changed: Jul 28
Last Checked: Jul 29 at 3:06PM
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 For Flex RnD
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 | $340.4k | $14.40 |
| − Vacancy | −$30.6k | −$1.30 |
| EGI | $309.8k | $13.10 |
| − OpEx | −$108.4k | −$4.59 |
| NOI | $201.3k | $8.52 |
23,638 SF · lease $14.40/SF/yr · vacancy 9.00% · expense 35.00%
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
Location Intelligence
Current Use
Similar Off Market Nearby
- Fielding Bros BBQ Shack — 855 Laney Walker Blvd, Augusta, GA 30901
- Berry's Catering + Events — 559 Watkins St, Augusta, GA 30901
- Hookah by Mike Catering, LLC — Broad St, Augusta, GA 30901
- Laziza Catering — 1030 Reynolds St, Augusta, GA 30901
- Bradley's BBQ — 1450 Greene St Ste. 600, Augusta, GA 30901
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
