Renovated Office/Showroom Near
For Sale
Contact for pricing
1291 Interstate Pkwy, Augusta, GA 30909
Renovated office/showroom/warehouse with easy access to I-20.
Property Size11,600 SF
Price / SF$215.52
Days on Market149
Property Features for 1291 Interstate Pkwy
General Information
Standard status
Active
Size
11,600 SF
Class
A
Property subtype
Office, Industrial
Zoning
B-2
Building Details
Year Built
2006
Year Renovated
2022
Listing Agency:
Jordan Trotter Commercial Real Estate
(706) 736-1031
Listed By:
Wil Kacos · License #GA 362127
Source:
Crexi
Added: Mar 27
Changed: Aug 16
Last Checked: Aug 21 at 10:03AM
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 Jordan Trotter Commercial Real Estate
Investment Insights
Based on property information with market context.
This 11,600 sq ft office/showroom/warehouse is located near Doctors Hospital, approximately 0.81 miles from I-20 at the Wheeler Road exit, offering convenient access around the CSRA via Wheeler Road, I-20, and I-520. The property underwent a complete renovation in 2022, featuring new offices, a conference room, bathrooms, a break room, and a heated and cooled warehouse/showroom with epoxy floors. The open space includes an abundance of electrical outlets. The warehouse/showroom is equipped with LED lighting and a dock-high door for deliveries. This property is suitable for flex space, industrial, office, warehouse, showroom, and retail purposes.
Key Highlights
- Completely renovated in 2022, featuring new offices, conference room, bathrooms, break room, and a heated/cooled warehouse/showroom.
- Excellent location near Doctors Hospital and just .81 miles from I‑20 (Wheeler Rd exit) with easy access to I‑20 and I‑520.
- 11,600 sq/ft office/warehouse/showroom space suitable for multiple business needs.
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
$98,804
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
3.95%
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%
$1,976,080
$2.0M
Cap Rate 7%
$1,411,486
$1.4M
Cap Rate 9%
$1,097,822
$1.1M
Market Conditions
NOI Build-Up for 11,600 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
$167.0K $14.40/SF
− Vacancy
−$15.0K −$1.30/SF
EGI
$152.0K $13.10/SF
− OpEx
−$53.2K −$4.59/SF
NOI
$98.8K $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%
$1,976,080
Cap Rate 7%
$1,411,486
Cap Rate 9%
$1,097,822
Alternative Uses
Best Use
Flex RnD
$1.41M
$1.24M – $1.65M
NOI $98,804 @ 7.0% cap · market cap 3.95%
Second Best
Industrial
$1.04M
$912.9K – $1.22M
NOI $73,029 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,299 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,272
Businesses Nearby
Under-served
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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Frequently Asked Questions
What type of property is this?
Flex space - Renovated office/showroom/warehouse with easy access to I-20.
Where is this flex space located?
The property is located at 1291 Interstate Pkwy Augusta, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Completely renovated in 2022, featuring new offices, conference room, bathrooms, break room, and a heated/cooled warehouse/showroom.; Excellent location near Doctors Hospital and just .81 miles from I‑20 (Wheeler Rd exit) with easy access to I‑20 and I‑520.; 11,600 sq/ft office/warehouse/showroom space suitable for multiple business needs.
