Corner-Lot Car
For Sale
$175,000
1800 NW Kissingbower Road #1800, Augusta, GA 30904
Commercially zoned property with car wash and garage-repair improvements.
Property Size1,780 SF
Days on Market2513
Property Features for 1800 NW Kissingbower Road #1800
General Information
Standard status
Active
Size
1,780 SF
Total Parking Spaces
8
Property subtype
Commercial
Zoning
B1
Building Details
Building Size
1,780 SF
Year Built
1965
Units
1
Listing Agency:
Century 21 Jeff Keller Realty
(706) 796-0106
Listed By:
Mary Lee Williams · License #3037601
(706) 294-3349
Source:
Thomasrealtysold
Added: Nov 3, 2019
Changed: Sep 18
Last Checked: Sep 18 at 3:54PM
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 Century 21 Jeff Keller Realty
Investment Insights
Based on property information with market context.
This car wash property includes a building with garage and repair functionality on a corner lot exceeding 0.50 acres. The improvements date to 1965, and the site carries B1 zoning for commercial use.
The property is positioned 7 miles from Fort Gordon and near Pendleton King Park, the VA Medical Center, Trinity Hospital, and Augusta University. Its combination of car wash operations, repair-related improvements, and a corner-lot setting supports continued automotive-oriented use.
The property is positioned 7 miles from Fort Gordon and near Pendleton King Park, the VA Medical Center, Trinity Hospital, and Augusta University. Its combination of car wash operations, repair-related improvements, and a corner-lot setting supports continued automotive-oriented use.
Key Highlights
- Car wash property on a corner lot
- Over 0.50 acres
- Building includes garage and repair improvements
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
$11,206
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
6.40%
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%
$224,120
$224.1K
Cap Rate 7%
$160,086
$160.1K
Cap Rate 9%
$124,511
$124.5K
Market Conditions
NOI Build-Up for 1,780 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
$17.5K $9.84/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$16.0K $8.99/SF
− OpEx
−$4.8K −$2.70/SF
NOI
$11.2K $6.30/SF
Area
Augusta, GA
Vacancy
8.60%
Lease Rate
$9.84 /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%
$224,120
Cap Rate 7%
$160,086
Cap Rate 9%
$124,511
Alternative Uses
Best Use
Specialty Retail
$298.8K
$261.4K – $348.6K
NOI $20,914 @ 7.0% cap · market cap 11.95%
Second Best
Retail
$283.3K
$247.9K – $330.5K
NOI $19,829 @ 7.0% cap · market cap 11.33%
Theoretical Best
Office A
$561.8K
$491.6K – $655.5K
NOI $39,329 @ 7.0% cap · market cap 22.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 30904, GA
24,145
Population
12,558
Households
1.9
Avg Household Size
38
Median Age
31%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,195
Density / Sq Mi
$45,636
Median Household Income
$29,101
Median Earnings
$953
Median Rent
$185,400
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.
Frequently Asked Questions
What type of property is this?
Car wash - Commercially zoned property with car wash and garage-repair improvements.
Where is this car wash located?
The property is located at 1800 NW Kissingbower Road #1800 Augusta, GA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Car wash property on a corner lot; Over 0.50 acres; Building includes garage and repair improvements
