Compact Office/Retail
For Sale
$125,000
1484 Broad St, Augusta, GA 30901
Small office/retail building with right-in/right-out access and Broad Street frontage with 8,360 VPD traffic count.
Property Size348 SF
Lot Size0.05 Acres
Price / SF$359.20
Days on Market64
Property Features for 1484 Broad St
General Information
Standard status
Active
Size
348 SF
Class
C
Total Parking Spaces
6
Lot size
0.05 Acres
Property subtype
Multi Tenant Office
Zoning
B-2
Site & Location
Traffic Count
8,360 vehicles/day
Road Access
Yes
Building Details
Building Size
348 SF
Year Built
1953
Listing Agency:
Meybohm Commercial Properties, LLC
(706) 736-3375
Listed By:
John Eckley · License #366880
(706) 736-3375
Source:
Thebrokerlist
Added: Jun 28
Changed: Aug 27
Last Checked: Aug 29 at 5:50AM
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 Meybohm Commercial Properties, LLC
Investment Insights
Based on property information with market context.
This compact office/retail building totals 348 square feet and is designed for flexible use. The interior configuration includes two connecting offices, a lobby or waiting area, one restroom, and a small utility closet, along with an exterior hand-wash sink. With its straightforward layout and limited shared improvements, the space can support a range of service-oriented office needs or storefront-style operations.
The property is positioned along Broad Street near the western end of Downtown Augusta. It offers right-in/right-out access and quick access to a U-turn on Broad Street, supporting convenient customer and employee arrivals. The site includes frontage on the corridor with 8,360 vehicles per day. The 0.05-acre lot provides approximately six parking spaces, and the rear of the property backs to the Augusta Canal.
Zoned B-2 (General Business), the building is well suited for tenants seeking a small footprint in a downtown corridor. Its visibility and access are practical advantages for operators looking to serve traffic along Broad Street while maintaining simple parking and a basic interior plan.
The property is positioned along Broad Street near the western end of Downtown Augusta. It offers right-in/right-out access and quick access to a U-turn on Broad Street, supporting convenient customer and employee arrivals. The site includes frontage on the corridor with 8,360 vehicles per day. The 0.05-acre lot provides approximately six parking spaces, and the rear of the property backs to the Augusta Canal.
Zoned B-2 (General Business), the building is well suited for tenants seeking a small footprint in a downtown corridor. Its visibility and access are practical advantages for operators looking to serve traffic along Broad Street while maintaining simple parking and a basic interior plan.
Key Highlights
- 348 SF office/retail building on Broad Street in Augusta, GA
- B‑2 (general business) zoning with right‑in/right‑out access and Broad Street frontage
- Broad Street traffic count of 8,360 VPD
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
$5,324
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
4.26%
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%
$106,480
$106.5K
Cap Rate 7%
$76,057
$76.1K
Cap Rate 9%
$59,156
$59.2K
Market Conditions
NOI Build-Up for 348 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
$8.4K $24.00/SF
− Vacancy
−$1.3K −$3.60/SF
EGI
$7.1K $20.40/SF
− OpEx
−$1.8K −$5.10/SF
NOI
$5.3K $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%
$106,480
Cap Rate 7%
$76,057
Cap Rate 9%
$59,156
Alternative Uses
Best Use
Office B
$76.1K
$66.6K – $88.7K
NOI $5,324 @ 7.0% cap · market cap 4.26%
Second Best
Retail
$55.4K
$48.5K – $64.6K
NOI $3,877 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$109.8K
$96.1K – $128.2K
NOI $7,689 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8,360 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,618
Businesses Nearby
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?
Office units - Small office/retail building with right-in/right-out access and Broad Street frontage with 8,360 VPD traffic count.
Where is this office units located?
The property is located at 1484 Broad St Augusta, GA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 348 SF office/retail building on Broad Street in Augusta, GA; B‑2 (general business) zoning with right‑in/right‑out access and Broad Street frontage; Broad Street traffic count of 8,360 VPD
