Hephzibah Commercial Properties
For Sale
$600,000
2242 Hephzibah Mcbean Rd, Hephzibah, GA 30815
Two commercial properties: shopping center and vacant lot in Hephzibah.
Property Size3,200 SF
Lot Size0.68 Acres
Price / SF$187.50
Days on Market533
Property Features for 2242 Hephzibah Mcbean Rd
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.68 Acres
Listing Agency:
Keller Williams Realty Augusta
(706) 951-7699
Listed By:
James Paul · License #328564
(706) 951-7699
Source:
Exprealty
Added: Mar 7, 2025
Changed: Aug 20
Last Checked: Aug 21 at 12:07PM
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 Keller Williams Realty Augusta
Investment Insights
Based on property information with market context.
Two commercial properties are available, situated at the corner of Hephzibah McBean Road and Storey Mill Road, directly across from Hephzibah High. One property features a 3200-square-foot shopping center building suitable for small businesses. The building currently houses a salon and a restaurant, with space planned for a future coffee shop, as well as office spaces and bathrooms. The other property is a highly visible 2.0-acre corner vacant lot. Located in Hephzibah, the surrounding area includes agricultural parcels, residential areas, and commercial properties. Both properties can be purchased together or separately.
Key Highlights
- Highly visible 2.0‑acre corner vacant lot included.
- 3200 SF Shopping Center building with existing tenants.
- Located at the corner of Hephzibah McBean Road and Storey Mill Road across from Hephzibah High.
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
$35,734
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
5.96%
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%
$714,680
$714.7K
Cap Rate 7%
$510,486
$510.5K
Cap Rate 9%
$397,044
$397.0K
Market Conditions
NOI Build-Up for 3,200 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
$53.1K $16.60/SF
− Vacancy
−$2.1K −$0.65/SF
EGI
$51.0K $15.95/SF
− OpEx
−$15.3K −$4.79/SF
NOI
$35.7K $11.17/SF
Area
Richmond County, GA
Vacancy
3.90%
Lease Rate
$16.60 /SF/Yr
Expense Ratio
30.00%
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%
$714,680
Cap Rate 7%
$510,486
Cap Rate 9%
$397,044
Alternative Uses
Best Use
Retail
$510.5K
$446.7K – $595.6K
NOI $35,734 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$639.2K
$559.3K – $745.8K
NOI $44,747 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30815, GA
40,131
Population
15,741
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
89%
High-School Grad
126.6 sq mi
ZIP Area
317
Density / Sq Mi
$65,132
Median Household Income
$34,993
Median Earnings
$1,155
Median Rent
$168,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Two commercial properties: shopping center and vacant lot in Hephzibah.
Where is this shopping center located?
The property is located at 2242 Hephzibah Mcbean Rd Hephzibah, GA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Highly visible 2.0‑acre corner vacant lot included.; 3200 SF Shopping Center building with existing tenants.; Located at the corner of Hephzibah McBean Road and Storey Mill Road across from Hephzibah High.
