New Construction Office Showroom
For Sale
Contact for pricing
1024 Telfair St, Augusta, GA
New construction office showroom with warehouse in downtown Augusta.
Property Size22,400 SF
Lot Size0.76 Acres
Price / SF$167.41
Days on Market377
Property Features for 1024 Telfair St
General Information
Standard status
Active
Size
22,400 SF
Lot size
0.76 Acres
Property subtype
OFFICE
Listing Agency:
Jordan Trotter Commercial Real Estate
(706) 399-9303
Listed By:
Parker Dye · License #357255
Source:
Moodyscre
Added: Jul 29, 2025
Changed: Aug 8
Last Checked: May 20 at 8:54PM
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
Investment Insights
Based on property information with market context.
This new construction property in downtown Augusta features office and showroom space, along with a warehouse component. The first floor comprises 11,200 square feet, while the second floor offers 8,490 square feet. A 2,510-square-foot warehouse is also included. The property includes 26-foot ceilings and a 14-foot wide by 12-foot high drive-in bay door.
Key Highlights
- New construction office showroom property
- Downtown Augusta location
- 11,200 SF first floor and 8,490 SF second floor offer ample space
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
$342,720
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
9.14%
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%
$6,854,400
$6.9M
Cap Rate 7%
$4,896,000
$4.9M
Cap Rate 9%
$3,808,000
$3.8M
Market Conditions
NOI Build-Up for 22,400 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
$537.6K $24.00/SF
− Vacancy
−$80.6K −$3.60/SF
EGI
$457.0K $20.40/SF
− OpEx
−$114.2K −$5.10/SF
NOI
$342.7K $15.30/SF
Area
Augusta, GA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$6,854,400
Cap Rate 7%
$4,896,000
Cap Rate 9%
$3,808,000
Alternative Uses
Best Use
Office B
$4.90M
$4.28M – $5.71M
NOI $342,720 @ 7.0% cap · market cap 9.14%
Second Best
Retail
$3.56M
$3.12M – $4.16M
NOI $249,534 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$7.07M
$6.19M – $8.25M
NOI $494,923 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - New construction office showroom with warehouse in downtown Augusta.
Where is this office building located?
The property is located at 1024 Telfair St Augusta, GA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: New construction office showroom property; Downtown Augusta location; 11,200 SF first floor and 8,490 SF second floor offer ample space
