Spa and Wellness
For Sale
$210,000
2010 Olive Rd, Augusta, GA 30906
B-1-zoned property with treatment rooms, reception space, kitchenette, restroom, and parking for client access.
Property Size912 SF
Price / SF$230.26
Days on Market103
Property Features for 2010 Olive Rd
General Information
Standard status
Active
Size
912 SF
Property subtype
Commercial
Zoning
B-1
Additional Details
Furnished
Yes
Building Details
Year Built
1968
Listing Agency:
Jhani Realty
Listed By:
Stacy Pulliam · License #393036
(762) 383-4062
Source:
Searchgreateraugustahomes
Added: Jul 6
Changed: Oct 1
Last Checked: Oct 16 at 8:59AM
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 Jhani Realty
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Investment Insights
Based on property information with market context.
This 912-square-foot wellness property, built in 1968, is arranged for client-facing professional services. The layout includes three private treatment rooms, a reception and waiting area, a kitchenette, and a restroom. The existing configuration may support spa, massage, esthetics, acupuncture, consulting, or medical office operations as permitted by applicable requirements.
Located at 2010 Olive Rd in Augusta, GA, the property offers parking at both the front and rear of the building. The site is zoned B-1 and includes room for physical expansion on the lot, providing additional configuration potential for a growing practice.
Located at 2010 Olive Rd in Augusta, GA, the property offers parking at both the front and rear of the building. The site is zoned B-1 and includes room for physical expansion on the lot, providing additional configuration potential for a growing practice.
Key Highlights
- 912 SF wellness facility at 2010 Olive Rd, Augusta, GA 30906
- Three private treatment rooms
- Reception and waiting area for client‑facing operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,954
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,080
$279.1K
Cap Rate 7%
$199,343
$199.3K
Cap Rate 9%
$155,044
$155.0K
Market Conditions
NOI Build-Up for 912 SF
Gross rent
$21.9K $24.00/SF
− Vacancy
−$3.3K −$3.60/SF
EGI
$18.6K $20.40/SF
− OpEx
−$4.7K −$5.10/SF
NOI
$14.0K $15.30/SF
Area
Augusta, GA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,080
Cap Rate 7%
$199,343
Cap Rate 9%
$155,044
Alternative Uses
Best Use
Office B
$199.3K
$174.4K – $232.6K
NOI $13,954 @ 7.0% cap · market cap 6.64%
Second Best
Healthcare Medical
$189.9K
$166.1K – $221.5K
NOI $13,290 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$287.9K
$251.9K – $335.8K
NOI $20,150 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 30906, GA
58,458
Population
24,663
Households
2.4
Avg Household Size
37
Median Age
12%
College-Educated
85%
High-School Grad
86.7 sq mi
ZIP Area
674
Density / Sq Mi
$46,159
Median Household Income
$29,218
Median Earnings
$1,051
Median Rent
$115,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Spa & wellness property - B-1-zoned property with treatment rooms, reception space, kitchenette, restroom, and parking for client access.
Where is this spa & wellness property located?
The property is located at 2010 Olive Rd Augusta, GA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 912 SF wellness facility at 2010 Olive Rd, Augusta, GA 30906; Three private treatment rooms; Reception and waiting area for client‑facing operations
