Automotive Showroom and Service
For Sale
$1,375,000
4828 Augusta Road, Savannah, GA 31408
Two adjoining buildings on 1.29 acres offer showroom, parts/service, workshop, storage, and multiple roll-up doors.
Property Size9,510 SF
Lot Size1.29 Acres
Price / SF$144.58
Days on Market517
Property Features for 4828 Augusta Road
General Information
Standard status
Active
Size
9,510 SF
Lot size
1.29 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$14,158
Amenities
Central Air, Electric
3
RB
33 Parking Spaces.
Street Lights. Curbs Walk, Other, Paved Road.
Building Details
Year Built
2000
Listing Agency:
Statesboro RE & Investment
(912) 489-4433
Listed By:
Paul Newman · License #292982
(912) 489-4433
Source:
Xome
Added: Mar 26, 2025
Changed: Aug 23
Last Checked: Aug 24 at 4:30AM
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 Statesboro RE & Investment
Investment Insights
Based on property information with market context.
For sale: an automotive-oriented commercial property on a high-visibility major highway with 44K+ AADT and approximately 200 feet of road frontage. The site sits on 1.29 acres and includes two well-maintained adjoining buildings totaling 9,510 square feet, supported by more than 30 parking spaces.
The front building is laid out with a large retail showroom, a parts and service area, and additional office space. The rear building provides a versatile workshop and storage area, with two roll-up doors for straightforward loading and access. A gated side yard adds added control and flexibility for site operations.
The current tenant is vacating at the end of March.
The front building is laid out with a large retail showroom, a parts and service area, and additional office space. The rear building provides a versatile workshop and storage area, with two roll-up doors for straightforward loading and access. A gated side yard adds added control and flexibility for site operations.
The current tenant is vacating at the end of March.
Key Highlights
- 1.29‑acre commercial lot with 200 ft road frontage on a major highway with 44K+ AADT
- Two adjoining buildings totaling 9,510 SF
- Front building includes retail showroom, parts/service area, and additional office 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
$107,955
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
7.85%
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%
$2,159,100
$2.2M
Cap Rate 7%
$1,542,214
$1.5M
Cap Rate 9%
$1,199,500
$1.2M
Market Conditions
NOI Build-Up for 9,510 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
$165.5K $17.40/SF
− Vacancy
−$11.3K −$1.18/SF
EGI
$154.2K $16.22/SF
− OpEx
−$46.3K −$4.87/SF
NOI
$108.0K $11.35/SF
Area
Savannah, GA
Vacancy
6.80%
Lease Rate
$17.40 /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%
$2,159,100
Cap Rate 7%
$1,542,214
Cap Rate 9%
$1,199,500
Alternative Uses
Best Use
Industrial
$7.32M
$6.40M – $8.54M
NOI $512,350 @ 7.0% cap · market cap 37.26%
Second Best
Retail
$1.54M
$1.35M – $1.80M
NOI $107,955 @ 7.0% cap · market cap 7.85%
Theoretical Best
Warehouse
$8.89M
$7.78M – $10.37M
NOI $622,140 @ 7.0% cap · market cap 45.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
58k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 27%
Hotels & Casinos 1%
McDonald's
Dining
18,538 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
8,739 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
7,470 visits/mo
0.1 miles
Wells Fargo
Shops & Services
5,696 visits/mo
0.4 miles
Krystal
Dining
4,622 visits/mo
0.1 miles
Demographics for 31408, GA
11,790
Population
4,529
Households
2.6
Avg Household Size
36
Median Age
13%
College-Educated
82%
High-School Grad
21.1 sq mi
ZIP Area
559
Density / Sq Mi
$40,109
Median Household Income
$30,667
Median Earnings
$1,080
Median Rent
$160,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Jiffy Lube — 4408 Augusta Rd, Garden City, GA 31408
- Automotive Services of Savannah — 4121 Augusta Rd, Garden City, GA 31408
- 3 Guys Garage — 4904 Augusta Rd, Garden City, GA 31408
- D.C. Electric Company Inc. — 359 Main St E, Savannah, GA 31408
- Southeast Motorcycle — 4828 Augusta Rd, Garden City, GA 31408
Frequently Asked Questions
What type of property is this?
Auto shop - Two adjoining buildings on 1.29 acres offer showroom, parts/service, workshop, storage, and multiple roll-up doors.
Where is this auto shop located?
The property is located at 4828 Augusta Road Savannah, GA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 1.29‑acre commercial lot with 200 ft road frontage on a major highway with 44K+ AADT; Two adjoining buildings totaling 9,510 SF; Front building includes retail showroom, parts/service area, and additional office space
