Wellness and Spa
New
For Sale
$210,000
2010 Olive Road, Augusta, GA 30906
Commercial Sale, Augusta, GA
Property Size912 SF
Lot Size0.38 Acres
Price / SF$230.26
Days on Market4
Property Features for 2010 Olive Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
b1
Parking features
Paved or Surfaced
Directions
Go South on MLK Blvd from Gordon Hwy. Make a right on Olive Rd.
Standard status
Active
APN
0723163000
Size
912 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
072-3-163-00-0
Tax Annual Amount
651
Legal Description
072-3-163-00-0
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Amenities
3 Private Treatment Rooms
Reception & Waiting Area
Kitchenette & Restroom
Building Details
Year built
1968
Flooring type
Hardwood, Vinyl
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Jhani Realty
(706) 383-3807
Listed By:
Stacy Pulliam · License #393036
(762) 383-4062
Added: Aug 17
Changed: Aug 19
Last Checked: Aug 20 at 5:06AM
MLS# 100596869
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 912-square-foot wellness and spa facility offers a functional layout for professional client services. The interior includes three private treatment rooms, a reception and waiting area, a kitchenette, and a restroom. Vinyl and hardwood flooring, central air, and forced-air electric heating support the existing improvements.
The property occupies 0.38 acres at 2010 Olive Road in Augusta, Georgia. B-1 zoning is identified for the site, with paved parking positioned at the front and rear. Public water and public sewer serve the property, while the building also has a composition roof, vinyl siding, and cable availability. Constructed in 1968, the facility provides an existing commercial setting for wellness, spa, or office-oriented use.
The property occupies 0.38 acres at 2010 Olive Road in Augusta, Georgia. B-1 zoning is identified for the site, with paved parking positioned at the front and rear. Public water and public sewer serve the property, while the building also has a composition roof, vinyl siding, and cable availability. Constructed in 1968, the facility provides an existing commercial setting for wellness, spa, or office-oriented use.
Key Highlights
- 912‑square‑foot wellness and spa facility
- Three private treatment rooms
- Reception and waiting area with kitchenette and restroom
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 - Configured for client services with private rooms, reception space, a kitchenette, and a restroom.
Where is this spa & wellness property located?
The property is located at 2010 Olive Road 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‑square‑foot wellness and spa facility; Three private treatment rooms; Reception and waiting area with kitchenette and restroom
