Vacant Warehouse with
For Sale
Contact for pricing
1254 Augusta West Pkwy, Augusta, GA 30909
Vacant facility with I-520 exposure and an existing billboard lease.
Property Size30,195 SF
Price / SF$99.35
Days on Market234
Property Features for 1254 Augusta West Pkwy
General Information
Standard status
Active
Size
30,195 SF
Property subtype
RETAIL
Listing Agency:
Skyline Seven
(404) 812-8927
Listed By:
Elliott Kyle · License #299687
(404) 812-8927
Source:
Moodyscre
Added: Jan 8
Changed: Aug 30
Last Checked: Aug 30 at 12:02PM
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 Skyline Seven
Investment Insights
Based on property information with market context.
The property is a vacant warehouse measuring approximately 30,195 square feet on 2.21 acres. The building was converted to predominantly warehouse space for inventory storage and includes a 2023 roof, along with 78 on-site parking spaces. A double-sided billboard remains subject to a lease through June 2035.
Located at 1254 Augusta West Pkwy in Augusta, Georgia, the facility directly faces I-520, providing highway exposure and access. The warehouse previously supported the nearby BrandsMart retail operation, which ended in July 2025. The property is being offered vacant, with no lease in place other than the billboard agreement.
Located at 1254 Augusta West Pkwy in Augusta, Georgia, the facility directly faces I-520, providing highway exposure and access. The warehouse previously supported the nearby BrandsMart retail operation, which ended in July 2025. The property is being offered vacant, with no lease in place other than the billboard agreement.
Key Highlights
- Approximately 30,195 square feet of warehouse space on 2.21 acres
- 78 on‑site parking spaces
- Directly faces I‑520
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
$230,832
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
7.69%
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%
$4,616,640
$4.6M
Cap Rate 7%
$3,297,600
$3.3M
Cap Rate 9%
$2,564,800
$2.6M
Market Conditions
NOI Build-Up for 30,195 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
$297.1K $9.84/SF
− Vacancy
−$25.6K −$0.85/SF
EGI
$271.6K $8.99/SF
− OpEx
−$40.7K −$1.35/SF
NOI
$230.8K $7.64/SF
Area
Augusta, GA
Vacancy
8.60%
Lease Rate
$9.84 /SF/Yr
Expense Ratio
15.00%
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%
$4,616,640
Cap Rate 7%
$3,297,600
Cap Rate 9%
$2,564,800
Alternative Uses
Best Use
Warehouse
$3.30M
$2.89M – $3.85M
NOI $230,832 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.53M
$8.34M – $11.12M
NOI $667,152 @ 7.0% cap · market cap 22.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,305
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30909, GA
48,181
Population
24,005
Households
2
Avg Household Size
35
Median Age
40%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
1,889
Density / Sq Mi
$67,710
Median Household Income
$41,812
Median Earnings
$1,196
Median Rent
$237,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Richmond Self Storage — 3455 wrightsboro rd, augusta, ga 30909
- Self-Storage at U-Haul — 3363 Wrightsboro Rd, Augusta, GA 30909
- Storage Rentals of America — 3353 Wrightsboro Rd, Augusta, GA 30909
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant facility with I-520 exposure and an existing billboard lease.
Where is this warehouse located?
The property is located at 1254 Augusta West Pkwy Augusta, GA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Approximately 30,195 square feet of warehouse space on 2.21 acres; 78 on‑site parking spaces; Directly faces I‑520
