Renovated Flex Space with
For Sale
$350,000
1227 Gordon Park Rd, Augusta, GA 30901
Two-building property combines separate office space with a renovated, air-conditioned shop and fenced-site functionality.
Property Size3,060 SF
Days on Market69
Property Features for 1227 Gordon Park Rd
General Information
Standard status
Active
Size
3,060 SF
Class
B
Property subtype
Office
Additional Details
Fenced Yard
Yes
Office Units
2
Building Details
Building Size
3,060 SF
Year Built
1966
Buildings
2
Listing Agency:
(706) 267-0107
Listed By:
Matt Aitken · License #GA 360101
(706) 267-0107
Source:
Shermanandhemstreet
Added: Jun 25
Changed: Aug 31
Last Checked: Aug 31 at 3:11PM
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 Matt Aitken
Investment Insights
Based on property information with market context.
This flex property includes two separate buildings with complementary configurations. One structure provides office space, while the second is a renovated, air-conditioned shop arranged with several work areas. The property also includes a fenced lot and parking at the front of the site.
Constructed in 1966, the property is located at 1227 Gordon Park Rd in Augusta, Georgia. The existing combination of office areas and shop improvements supports a range of commercial operations requiring both administrative space and work areas.
Constructed in 1966, the property is located at 1227 Gordon Park Rd in Augusta, Georgia. The existing combination of office areas and shop improvements supports a range of commercial operations requiring both administrative space and work areas.
Key Highlights
- Two‑building flex property with office and shop components
- Renovated air‑conditioned shop with several work areas
- Two separate offices
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
$26,064
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
7.45%
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%
$521,280
$521.3K
Cap Rate 7%
$372,343
$372.3K
Cap Rate 9%
$289,600
$289.6K
Market Conditions
NOI Build-Up for 3,060 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
$44.1K $14.40/SF
− Vacancy
−$4.0K −$1.30/SF
EGI
$40.1K $13.10/SF
− OpEx
−$14.0K −$4.59/SF
NOI
$26.1K $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%
$521,280
Cap Rate 7%
$372,343
Cap Rate 9%
$289,600
Alternative Uses
Best Use
Office B
$668.8K
$585.2K – $780.3K
NOI $46,818 @ 7.0% cap · market cap 13.38%
Second Best
Flex RnD
$372.3K
$325.8K – $434.4K
NOI $26,064 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$965.9K
$845.1K – $1.13M
NOI $67,610 @ 7.0% cap · market cap 19.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30901, GA
15,978
Population
8,848
Households
1.8
Avg Household Size
38
Median Age
13%
College-Educated
76%
High-School Grad
17.6 sq mi
ZIP Area
908
Density / Sq Mi
$23,019
Median Household Income
$24,349
Median Earnings
$805
Median Rent
$92,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building property combines separate office space with a renovated, air-conditioned shop and fenced-site functionality.
Where is this flex space located?
The property is located at 1227 Gordon Park Rd Augusta, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑building flex property with office and shop components; Renovated air‑conditioned shop with several work areas; Two separate offices
