Renovated Retail Shopping
For Sale
Contact for pricing
1944 Walton Way, Augusta, GA 30904
Renovated shopping center with updated exterior and parking, currently featuring one available space for an owner-operator or investor.
Property Size14,370 SF
Days on Market141
Property Features for 1944 Walton Way
General Information
Standard status
Active
Size
14,370 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
14,370 SF
Year Built
1988
Tenancy
Multi
Properties For Sale
at 1944 Walton Way
Suite F
Size
1,080 SF
Type
Strip Center
Term
Negotiable
Listing Agency:
Jordan Trotter Commercial Real Estate
Listed By:
Charlie Davis · License #432526
(706) 993-0514
Source:
Jordantrotter
Added: Jun 3
Changed: Oct 3
Last Checked: Oct 20 at 6:39PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This shopping center has been part of the area since 1988 and recently completed a major renovation. Improvements include a facade upgrade, a new roof, and a resurfaced parking lot, helping modernize the property’s curb appeal and day-to-day operations. The tenant mix includes both short and long-term leases, with one current vacancy alongside a few below-market inherited leases. A rent roll and pro forma are available upon request.
The property is located along Walton Way, a major retail corridor connecting the Summerville area and Augusta University campus to the medical district through the historic Harrisburg neighborhood. It sits directly in front of Richmond Academy, the area’s largest high school. Nearby retailers listed include Advance Auto, Starbucks, KFC, Krystal, CVS, and Goodwill.
For buyers or leasing partners, the renovated building and parking support straightforward retail merchandising and customer access. With one vacancy available and an existing mix of shorter and longer leases, the center can fit investors seeking an established operating asset, as well as owner-users looking to position retail tenants on a heavily trafficked neighborhood corridor. Please contact the broker for the rent roll and pro forma to review current occupancy and lease details.
The property is located along Walton Way, a major retail corridor connecting the Summerville area and Augusta University campus to the medical district through the historic Harrisburg neighborhood. It sits directly in front of Richmond Academy, the area’s largest high school. Nearby retailers listed include Advance Auto, Starbucks, KFC, Krystal, CVS, and Goodwill.
For buyers or leasing partners, the renovated building and parking support straightforward retail merchandising and customer access. With one vacancy available and an existing mix of shorter and longer leases, the center can fit investors seeking an established operating asset, as well as owner-users looking to position retail tenants on a heavily trafficked neighborhood corridor. Please contact the broker for the rent roll and pro forma to review current occupancy and lease details.
Key Highlights
- Shopping center built in 1988 along Walton Way, a major retail corridor between Summerville and Augusta University toward the medical district.
- Directly in front of Richmond Academy (the area’s largest high school).
- Recently renovated with a façade upgrade, new roof, and resurfaced parking lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,081
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,201,620
$3.2M
Cap Rate 7%
$2,286,871
$2.3M
Cap Rate 9%
$1,778,678
$1.8M
Market Conditions
NOI Build-Up for 14,370 SF
Gross rent
$238.0K $16.56/SF
− Vacancy
−$9.3K −$0.65/SF
EGI
$228.7K $15.91/SF
− OpEx
−$68.6K −$4.77/SF
NOI
$160.1K $11.14/SF
Area
Augusta, GA
Vacancy
3.90%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,201,620
Cap Rate 7%
$2,286,871
Cap Rate 9%
$1,778,678
Alternative Uses
Best Use
Retail
$2.29M
$2.00M – $2.67M
NOI $160,081 @ 7.0% cap · market cap 1,000,506.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.54M
$3.97M – $5.29M
NOI $317,502 @ 7.0% cap · market cap 1,984,387.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
867
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
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
Similar Off Market Nearby
- Regency Mall — US 1 278, Augusta, GA 30904, United States
Frequently Asked Questions
What type of property is this?
Shopping center - Renovated shopping center with updated exterior and parking, currently featuring one available space for an owner-operator or investor.
Where is this shopping center located?
The property is located at 1944 Walton Way Augusta, GA.
What are key features of this property?
This property features: Shopping center built in 1988 along Walton Way, a major retail corridor between Summerville and Augusta University toward the medical district.; Directly in front of Richmond Academy (the area’s largest high school).; Recently renovated with a façade upgrade, new roof, and resurfaced parking lot.
