New Construction Flex
For Sale
Contact for pricing
1024 Telfair St, Augusta, GA 30901
Office-showroom property with warehouse space, high ceilings, and a drive-in bay door in downtown Augusta.
Property Size19,690 SF
Price / SF$190.45
Days on Market398
Property Features for 1024 Telfair St
General Information
Standard status
Active
Size
19,690 SF
Property subtype
OFFICE
Warehouse & Industrial
Clear Height
26 ft
Warehouse Space
2,510 SF
Drive-In Doors
1
Building Details
Stories
2
Listing Agency:
Jordan Trotter Commercial Real Estate
(706) 399-9303
Listed By:
Parker Dye · License #357255
Source:
Moodyscre
Added: Jul 29, 2025
Changed: Aug 23
Last Checked: Aug 29 at 7:32AM
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.
New construction flex space at 1024 Telfair St in Augusta, Georgia, combines office, showroom, and warehouse components. The property includes an 11,200-square-foot first floor, an 8,490-square-foot second floor, and 2,510 square feet of warehouse space.
The building features 26-foot ceilings and a 14-foot-wide by 12-foot-high drive-in bay door. Located in downtown Augusta, the property offers a configuration suited to office-showroom and warehouse operations.
The building features 26-foot ceilings and a 14-foot-wide by 12-foot-high drive-in bay door. Located in downtown Augusta, the property offers a configuration suited to office-showroom and warehouse operations.
Key Highlights
- New construction office‑showroom property at 1024 Telfair St, Augusta, GA 30901
- 11,200 SF first floor and 8,490 SF second floor
- 2,510 SF warehouse 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
$301,257
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
8.03%
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%
$6,025,140
$6.0M
Cap Rate 7%
$4,303,671
$4.3M
Cap Rate 9%
$3,347,300
$3.3M
Market Conditions
NOI Build-Up for 19,690 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
$472.6K $24.00/SF
− Vacancy
−$70.9K −$3.60/SF
EGI
$401.7K $20.40/SF
− OpEx
−$100.4K −$5.10/SF
NOI
$301.3K $15.30/SF
Area
Augusta, GA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$6,025,140
Cap Rate 7%
$4,303,671
Cap Rate 9%
$3,347,300
Alternative Uses
Best Use
Office B
$4.30M
$3.77M – $5.02M
NOI $301,257 @ 7.0% cap · market cap 8.03%
Second Best
Retail
$3.13M
$2.74M – $3.66M
NOI $219,345 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$6.21M
$5.44M – $7.25M
NOI $435,046 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,483
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
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Frequently Asked Questions
What type of property is this?
Flex space - Office-showroom property with warehouse space, high ceilings, and a drive-in bay door in downtown Augusta.
Where is this flex space located?
The property is located at 1024 Telfair St Augusta, GA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: New construction office‑showroom property at 1024 Telfair St, Augusta, GA 30901; 11,200 SF first floor and 8,490 SF second floor; 2,510 SF warehouse space
