Freestanding Retail
New
For Sale
$350,000
1635 Georgia Ave, North Augusta, SC 29841
Single-tenant retail property with street access, paved parking, and an existing pole sign.
Property Size2,132 SF
Lot Size0.50 Acres
Price / SF$164.17
Days on Market1
Property Features for 1635 Georgia Ave
General Information
Standard status
Active
Size
2,132 SF
Lot size
0.50 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Pylon Signage
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,132 SF
Year Built
1973
Year Renovated
2023
Buildings
1
Tenancy
Single
Listing Agency:
Jordan Trotter Commercial Real Estate
Listed By:
Ryan Martin · License #359783
(706) 490-0409
Source:
Jordantrotter
Added: Sep 4
Last Checked: Sep 4 at 3:24PM
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 freestanding storefront property contains 2,132 SF on a 0.50-acre corner parcel in North Augusta, South Carolina. The building is occupied by a massage therapy operation and was taken back to shell condition in 2022 before a new interior build-out was completed in 2023. A paved parking area serves the front of the building, with a pole sign positioned along the street.
The property occupies the southeast corner of Georgia Avenue, identified as US 25 Business, and East Marion Avenue. Access is available from both roads, with approximately 162 feet of frontage on Georgia Avenue and approximately 133 feet along East Marion Avenue. The current lease extends through April 30, 2029, and the renewal option was exercised in April 2026.
The property occupies the southeast corner of Georgia Avenue, identified as US 25 Business, and East Marion Avenue. Access is available from both roads, with approximately 162 feet of frontage on Georgia Avenue and approximately 133 feet along East Marion Avenue. The current lease extends through April 30, 2029, and the renewal option was exercised in April 2026.
Key Highlights
- 2,132 SF freestanding retail building on a 0.50‑acre corner lot
- 100 percent leased to an operating massage therapy business
- Approximately 162 feet of frontage on Georgia Avenue (US 25 Business)
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
$20,588
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
5.88%
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%
$411,760
$411.8K
Cap Rate 7%
$294,114
$294.1K
Cap Rate 9%
$228,756
$228.8K
Market Conditions
NOI Build-Up for 2,132 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
$30.7K $14.40/SF
− Vacancy
−$1.3K −$0.60/SF
EGI
$29.4K $13.80/SF
− OpEx
−$8.8K −$4.14/SF
NOI
$20.6K $9.66/SF
Area
Aiken County, SC
Vacancy
4.20%
Lease Rate
$14.40 /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%
$411,760
Cap Rate 7%
$294,114
Cap Rate 9%
$228,756
Alternative Uses
Best Use
Retail
$294.1K
$257.4K – $343.1K
NOI $20,588 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$411.0K
$359.6K – $479.5K
NOI $28,767 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29841, SC
32,919
Population
16,474
Households
2
Avg Household Size
40
Median Age
32%
College-Educated
93%
High-School Grad
31.9 sq mi
ZIP Area
1,032
Density / Sq Mi
$72,811
Median Household Income
$46,447
Median Earnings
$1,050
Median Rent
$186,000
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.
Similar Off Market Nearby
- Local Kroger — 1284 Knox Ave, North Augusta, SC 29841
Frequently Asked Questions
What type of property is this?
Storefront property - Single-tenant retail property with street access, paved parking, and an existing pole sign.
Where is this storefront property located?
The property is located at 1635 Georgia Ave North Augusta, SC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,132 SF freestanding retail building on a 0.50‑acre corner lot; 100 percent leased to an operating massage therapy business; Approximately 162 feet of frontage on Georgia Avenue (US 25 Business)
