Renovated Flex Space with Secure
For Sale
$450,000
1010 Druid Park Ave, Augusta, GA 30904
Updated office and open work areas support varied commercial operations.
Property Size3,796 SF
Price / SF$118.55
Days on Market41
Property Features for 1010 Druid Park Ave
General Information
Standard status
Active
Size
3,796 SF
Building Details
Year Built
1998
Listing Agency:
Douglas Lane Real Estate Group
(762) 333-3096
Listed By:
Jacob M Glover · License #389791
Source:
Bradberrygarnerrealestate
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 4:10AM
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 Douglas Lane Real Estate Group
Investment Insights
Based on property information with market context.
Renovated in 2025, this flex space combines five private offices with a reception point, a dedicated intake area, and a substantial open section for storage or work activities. The building also includes a 10-foot bay roll-up door that supports loading, unloading, and day-to-day access.
Security and access improvements include a newly installed perimeter fence and electric gate. Located at 1010 Druid Park Ave in Augusta, the property offers a combination of enclosed office areas, operational space, and secured exterior area within a single commercial facility. The configuration can accommodate an owner-user, an investor, or multiple occupants, subject to applicable requirements.
Security and access improvements include a newly installed perimeter fence and electric gate. Located at 1010 Druid Park Ave in Augusta, the property offers a combination of enclosed office areas, operational space, and secured exterior area within a single commercial facility. The configuration can accommodate an owner-user, an investor, or multiple occupants, subject to applicable requirements.
Key Highlights
- Renovated in 2025 with a new roof and updated interior finishes
- Five private office spaces plus reception and a dedicated intake area
- 10‑foot bay roll‑up door for loading and operational access
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
$32,333
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
7.19%
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%
$646,660
$646.7K
Cap Rate 7%
$461,900
$461.9K
Cap Rate 9%
$359,256
$359.3K
Market Conditions
NOI Build-Up for 3,796 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
$54.7K $14.40/SF
− Vacancy
−$4.9K −$1.30/SF
EGI
$49.7K $13.10/SF
− OpEx
−$17.4K −$4.59/SF
NOI
$32.3K $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%
$646,660
Cap Rate 7%
$461,900
Cap Rate 9%
$359,256
Alternative Uses
Best Use
Office B
$829.7K
$726.0K – $968.0K
NOI $58,079 @ 7.0% cap · market cap 12.91%
Second Best
Flex RnD
$461.9K
$404.2K – $538.9K
NOI $32,333 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,872 @ 7.0% cap · market cap 18.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,957
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30904, GA
24,145
Population
12,558
Households
1.9
Avg Household Size
38
Median Age
31%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,195
Density / Sq Mi
$45,636
Median Household Income
$29,101
Median Earnings
$953
Median Rent
$185,400
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Updated office and open work areas support varied commercial operations.
Where is this flex space located?
The property is located at 1010 Druid Park Ave Augusta, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Renovated in 2025 with a new roof and updated interior finishes; Five private office spaces plus reception and a dedicated intake area; 10‑foot bay roll‑up door for loading and operational access
