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    Mixed-Use Affordable Housing Building Title is generated by Realmo AI

    1016 Laney Walker Boulevard, Augusta, GA 30901

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    New four-story development with 64 apartment units above an available retail space and extensive on-site resident amenities.

    Type:Retail
    Property size:
    900 SF
    Price / SF:
    $0.01/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 5 at 2:20 am

    Property Features for 1016 Laney Walker Boulevard

    General Information

    Standard status
    Active
    Size
    900 SF
    Property subtype
    Retail

    Properties For Sale

    at 1016 Laney Walker Boulevard Contact us

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    Listing Contact
    Charlie Davis
    Charlie Davis

    Listing agent Charlie Davis License #432526

    Listing office Jordan Trotter Commercial Real Estate

    Listing date Jun 3, 2026

    Source Jordantrotter

    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 Jordan Trotter Commercial Real Estate

    HighLights

    • New four‑story affordable housing development with 64 units above commercial space
    • Unit mix includes 25 one‑bedroom units and 39 two‑bedroom units (total of 64)
    • Includes 80 off‑street parking spaces total (non‑exclusive)
    • On‑site resident amenities: multipurpose room, computer room, fitness center, and central laundry facility
    • Planned 4th‑floor rooftop terrace with views over Historic Downtown Augusta
    • Also includes 900 SF commercial space, plus leasing/management office at the main entrance

    Overview

    The Lenox is a new construction, four-story affordable housing development featuring 64 total apartment units. The unit mix is 25 one-bedroom units and 39 two-bedroom units. The building also includes a central laundry facility plus shared resident amenities such as a multipurpose room, a computer room, and a fitness center. For outdoor space, the fourth-floor rooftop terrace is planned with scenic views over Historic Downtown Augusta. The leasing and management office is prominently located at the main entrance. Exterior amenities include a playground and a covered pavilion with picnic tables and grills.

    A total of 80 off-street parking spaces are provided on-site, and the spaces are non-exclusive. The property includes 900 SF of commercial space available below the residential component. The development is located in growing Downtown Augusta at 1016 Laney Walker Boulevard, Augusta, GA 30901.

    This is a strong fit for operators and tenants looking to locate within a mixed-use, ground-floor commercial setup paired with a sizable resident population supported by dedicated on-site services and amenities. The commercial space availability allows for a retail use that can serve building residents while benefiting from a downtown setting. Buyers considering a mixed-use affordable housing asset also gain the added structure of the on-site commercial offering and the parking plan designed to support both residential and commercial needs.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Pharmacy Storage Facility Garden Center Electrical Service 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
    -81.9249933
    Latitude
    33.4514656

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    FAQs

    What type of property is this?
    Apartment building - New four-story development with 64 apartment units above an available retail space and extensive on-site resident amenities.
    Where is this apartment building located?
    The property is located at 1016 Laney Walker Boulevard Augusta, GA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: New four‑story affordable housing development with 64 units above commercial space; Unit mix includes 25 one‑bedroom units and 39 two‑bedroom units (total of 64); Includes 80 off‑street parking spaces total (non‑exclusive)
    (706) 993-0514
    We can help!
    Listing Contact
    Charlie Davis
    Charlie Davis
    Real Estate License ID: 432526
    Learn More
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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.

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