Spa and Wellness
New
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 Market3
Property Features for 2010 Olive Rd
General Information
Standard status
Active
Size
912 SF
Zoning
B-1
Additional Details
Furnished
Yes
Building Details
Year Built
1968
Listing Agency:
Jhani Realty
(762) 383-4062
Listed By:
Stacy Pulliam · License #393036
Source:
Barefootbrokers
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 7:26PM
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
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 = 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
$13,954
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
6.64%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
