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 Market432
Property Features for 1002 Telfair St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Business Included
Building Details
Tenancy
Listing Agency:
Sherman & Hemstreet - Augusta
(706) 722-8334
Listed By:
Joe Edge · License #282262
(706) 288-1077
Source:
Moodyscre
Added: Sep 4, 2025
Changed: Nov 1
Last Checked: Nov 8 at 7:37AM
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
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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 / Yr
$201,339
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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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
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Market
Properties on Market for Flex space in Augusta
Vacancy Rate% for Office in South region
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
- Bradley's BBQ — 1450 Greene St Ste. 600, Augusta, GA 30901
- Hookah by Mike Catering, LLC — Broad St, Augusta, GA 30901
- Laziza Catering — 1030 Reynolds St, 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
