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Augusta Retail/Medical Opportunity

1571 Walton Way Augusta, GA

1571 Walton Way, Augusta, GA, 00000
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For Sale
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Retail or medical property for sale in Augusta, Georgia.

Property Size1,664 SF
Lot Size0.14 Acres
Price / SF$177.28
AddedFeb 13, 2025
Days on Market518
Last RefreshJul 15 at 2:38 pm

Property Features for 1571 Walton Way

General Information

Standard status
Active
Size
1,664 SF
Lot size
0.14 Acres
Property subtype
RETAIL

Properties For Sale

at 1571 Walton Way Contact us

Listing office Southeastern

Listing date Feb 13, 2025

Source Moodyscre

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 Southeastern


Investment Insights

Based on property information with market context.

This property, located in Augusta, Georgia, presents an opportunity for investment or owner-occupancy. The building is situated on Walton Way, offering high visibility. Its location provides close proximity to AU Health and University Hospital. The surrounding area features a mix of retail, restaurant, and medical facilities. Currently operating as an eye care center, the property is available due to the owner's retirement. The property size is 1664 square feet.

Key Highlights

  • High visibility on Walton Way
  • Close proximity to AU Health and University Hospital
  • Great investment opportunity

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $39.9k $24.00
− Vacancy −$6.0k −$3.60
EGI $33.9k $20.40
− OpEx −$8.5k −$5.10
NOI $25.5k $15.30
1,664 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$363.7K
$318.2K – $424.3K (±1% cap)
NOI $25,459 @ 7.0% cap · market cap 8.63%
Second Best
Healthcare Medical
$346.4K
$303.1K – $404.2K (±1% cap)
NOI $24,249 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$525.2K
$459.6K – $612.8K (±1% cap)
NOI $36,766 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Hovet Steve J ... Physician Judith Hendrickson, OD Physician

Suggested Use

Real Estate Agency Big Box & Wholesale Store Electrical Service HVAC Service Storage Facility Accounting Firm Grocery & Convenience Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Garden Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Retail or medical property for sale in Augusta, Georgia.
Where is this retail space located?
The property is located at 1571 Walton Way Augusta, GA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: High visibility on Walton Way; Close proximity to AU Health and University Hospital; Great investment opportunity
Contact an agent
(706) 854-6708 Call to check price and availability
More about this property
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