Community Convenience Grocery
For Sale
$1,500,000
1675 Olive Rd, Augusta, GA 30904
Retail facility offering fresh produce, pantry staples, snacks, and household goods for everyday shopping needs.
Property Size5,390 SF
Price / SF$278.29
Days on Market41
Property Features for 1675 Olive Rd
General Information
Standard status
Active
Size
5,390 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1953
Listing Agency:
Realty ONE Group Vista
(706) 400-1212
Listed By:
Donna Dillard · License #42791
Source:
Broadandmainrealestate
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 28 at 12:37PM
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 Realty ONE Group Vista
Investment Insights
Based on property information with market context.
This grocery and convenience store property contains 5,390 square feet and was built in 1953. The retail operation offers fresh produce, pantry staples, snacks, and household goods, providing a range of everyday merchandise within one storefront.
Located at 1675 Olive Rd in Augusta, Georgia, the property is configured for community-oriented grocery and convenience retail. Its merchandise mix covers both food and household shopping categories, including quick-purchase items and basic pantry needs. The established building provides a substantial footprint for this retail format and has served as a commercial property since its 1953 construction.
Located at 1675 Olive Rd in Augusta, Georgia, the property is configured for community-oriented grocery and convenience retail. Its merchandise mix covers both food and household shopping categories, including quick-purchase items and basic pantry needs. The established building provides a substantial footprint for this retail format and has served as a commercial property since its 1953 construction.
Key Highlights
- 5,390‑square‑foot grocery and convenience store property
- Built in 1953
- Fresh produce, pantry staples, snacks, and household goods
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
$63,329
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
4.22%
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%
$1,266,580
$1.3M
Cap Rate 7%
$904,700
$904.7K
Cap Rate 9%
$703,656
$703.7K
Market Conditions
NOI Build-Up for 5,390 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
$89.3K $16.56/SF
− Vacancy
−$4.8K −$0.89/SF
EGI
$84.4K $15.67/SF
− OpEx
−$21.1K −$3.92/SF
NOI
$63.3K $11.75/SF
Area
Augusta, GA
Vacancy
5.40%
Lease Rate
$16.56 /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%
$1,266,580
Cap Rate 7%
$904,700
Cap Rate 9%
$703,656
Alternative Uses
Best Use
Specialty Retail
$904.7K
$791.6K – $1.06M
NOI $63,329 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$857.8K
$750.6K – $1.00M
NOI $60,044 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,091 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Under-served
Demand for This Use
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
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Similar Off Market Nearby
- Yeung Supermarket — 1671 Olive Rd, Augusta, GA 30904
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail facility offering fresh produce, pantry staples, snacks, and household goods for everyday shopping needs.
Where is this grocery and convenience store located?
The property is located at 1675 Olive Rd Augusta, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,390‑square‑foot grocery and convenience store property; Built in 1953; Fresh produce, pantry staples, snacks, and household goods
