Restaurant with Covered Outdoor
New
For Sale
$450,000
1795 Martin Luther King Jr Boulevard, Augusta, GA 30901
Includes commercial kitchen equipment, appliances, furnishings, and a gated parking lot.
Property Size1,080 SF
Price / SF$416.67
Days on Market3
Property Features for 1795 Martin Luther King Jr Boulevard
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Business Opportunity
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
gated parking lot
Building Details
Year Built
1936
Listing Agency:
Lokation Real Estate, LLC
Listed By:
Porsha C Beasley · License #402258
(706) 910-8158
Source:
Bradberrygarnerrealestate
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 3:09PM
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 Lokation Real Estate, LLC
Investment Insights
Based on property information with market context.
Nutritious Alternatives is an existing restaurant property in Augusta, Georgia, with commercial kitchen equipment, appliances, and furnishings included in the offering. The restaurant was built in 1936 and is being offered as-is.
Site improvements include a gated parking area and a covered outdoor dining and grilling space. The exterior area provides additional seating and includes a setup suitable for outdoor food service or hosted events. The property is located on Martin Luther King Jr Boulevard in Augusta, although the source information contains conflicting street numbers.
Site improvements include a gated parking area and a covered outdoor dining and grilling space. The exterior area provides additional seating and includes a setup suitable for outdoor food service or hosted events. The property is located on Martin Luther King Jr Boulevard in Augusta, although the source information contains conflicting street numbers.
Key Highlights
- Covered outdoor dining and grilling area
- Gated parking lot
- Commercial kitchen equipment and appliances included
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
$12,689
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
2.82%
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%
$253,780
$253.8K
Cap Rate 7%
$181,271
$181.3K
Cap Rate 9%
$140,989
$141.0K
Market Conditions
NOI Build-Up for 1,080 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
$17.9K $16.56/SF
− Vacancy
−$966 −$0.89/SF
EGI
$16.9K $15.67/SF
− OpEx
−$4.2K −$3.92/SF
NOI
$12.7K $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%
$253,780
Cap Rate 7%
$181,271
Cap Rate 9%
$140,989
Alternative Uses
Best Use
Specialty Retail
$181.3K
$158.6K – $211.5K
NOI $12,689 @ 7.0% cap · market cap 2.82%
Second Best
Industrial
$97.1K
$85.0K – $113.3K
NOI $6,799 @ 7.0% cap · market cap 1.51%
Theoretical Best
Office A
$340.9K
$298.3K – $397.7K
NOI $23,862 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes commercial kitchen equipment, appliances, furnishings, and a gated parking lot.
Where is this conventional restaurant located?
The property is located at 1795 Martin Luther King Jr Boulevard Augusta, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Covered outdoor dining and grilling area; Gated parking lot; Commercial kitchen equipment and appliances included
