Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    971 Broad St Augusta, GA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime leasing opportunity in historical downtown Augusta, Georgia.

    Type:OFFICE
    Property size:
    5,158 SF
    Lot size:
    0.15 Acres
    Added:
    Mar 14, 2025
    Days on Market:
    412
    Last Refresh:
    Apr 5 at 9:55 pm

    Property Features for 971 Broad St

    General Information

    Standard status
    Active
    Size
    5,158 SF
    Lot size
    0.15 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 971 Broad St Contact us

    We can help!

    Listing Contact
    Brian Sweeting
    Brian Sweeting

    Listing agent Brian Sweeting

    Listing office Meybohm Commercial Properties, LLC

    Listing date Mar 14, 2025

    Source Moodyscre

    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 Meybohm Commercial Properties, LLC

    Overview

    Historical Downtown Augusta Office Space

    Located in Historical Downtown Augusta, GA, this leasing opportunity at Lafayette Square offers approximately 5,158 square feet of versatile space suitable for a range of business operations. The property includes a private parking area for employees and clients. Zoned B-2 in Richmond County, the property presents possibilities for various business ventures. Situated in the heart of downtown Augusta, this first-floor space combines historical character with modern amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Patricia Caudell Physician Juvenile Justice Department Local Government Office

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Columbia
    State
    Georgia
    Longitude
    -81.9691
    Latitude
    33.4769

    Nearby Similar for Lease

    • $1,400/Mo

      Downtown Augusta Second-Story Office Space

      Second-story office space in downtown Augusta available for lease.
      436 Greene Street, Augusta, GA 30901
      View Details
    • $1,300/Mo

      Updated Office Space with Courtyard

      Recently updated office space with private entrance and courtyard.
      3540 Wheeler Road, Augusta, GA 30909
      View Details
    • $2,700/Mo

      Retail Space on Columbia Road

      1400 sqft commercial space for lease on Columbia Rd.
      4127 Columbia Road, Augusta, GA 30907
      View Details
    • $1,700/Mo

      Augusta Commercial Flex Space Available

      Flex space with office and warehouse in Augusta, GA.
      1609 Hartrich Road, Augusta, GA 30906
      View Details
    • $20 SF/Yr

      Class A Office/Retail Space

      Excellent location with easy access to Interstate 20.
      3152 Perimeter Parkway, Augusta, GA 30909
      View Details
    • $975/Mo

      Office Suite in Martinez, GA

      Office suite for rent in a convenient location.
      4210 Columbia Road, Augusta, GA 30907
      View Details
    • $18 SF/Yr

      Class A Office Space Available

      Class A office space with flexible layout and I-20 exposure.
      3150 Perimeter Pkwy, Augusta, GA 30909
      View Details
    • $12 SF/Yr

      Renovated Office Suites For Rent

      Two-building property with renovated office suites available for rent.
      2531 Center West Pkwy, Augusta, GA 30909
      View Details
    • $12 SF/Yr

      Subdividable Office Space For Rent

      Subdividable office space with open parking in central Columbia County.
      4487 Columbia Rd, Augusta, GA 30907
      View Details
    • $1,000/Mo

      Class A Executive Office Space

      Executive offices for lease with shared amenities and convenient location.
      1100 Frazier Drive, Augusta, GA 30909
      View Details
    • Sponsored
      Contact for pricing

      GA, Augusta - Broad St

      823 Broad Street Ext, Unit Augusta Georgia United States of America 30901, Augusta, GA 30901
      View Details
    • $18 SF/Yr

      Class A Office Space Available

      Two office units available for lease in West Augusta.
      3154 Perimeter Pkwy, Augusta, GA 30909
      View Details

    FAQs

    What type of property is this?
    Office units - Prime leasing opportunity in historical downtown Augusta, Georgia.
    Where is this office units located?
    The property is located at 971 Broad St Augusta, GA.
    What are key features of this property?
    This property features: Prime location in Historical Downtown Augusta.; Approximately **5,158 SF of versatile space.**; Private parking area for employees and clients.
    (706) 414-0244 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian Sweeting
    Brian Sweeting
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!