Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot in Augusta, GA Title is generated by Realmo AI

    2242 Wheeless Road, Augusta, GA 30904

    View on Map
    Claim this Listing
    For Sale
    $79,900

    LAND - Augusta, GA

    Lot size:
    0.23 Acres
    Added:
    Apr 25, 2024
    Days on Market:
    767
    Last Refresh:
    May 31 at 6:06 pm

    Property Features for 2242 Wheeless Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.23 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Purvis Huggins

    Listing agent Purvis Huggins License #271812

    Listing office Purvis Huggins Realty 200 PLEASANT HOME ROAD, AUGUSTA, GA

    Listing date Apr 25, 2024

    MLS# 98212149 Listing URL

    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.

    HighLights

    • Commercial lot in a good area
    • Package deal including two lots (2446 and 2244)
    • Cable available
    • Located at latitude 33.450333 and longitude -82.04588
    • Potential for development
    • Contact listing agent for details

    Overview

    This commercial lot is located in Augusta, Georgia. The lot size is 0.23 acres. The listing includes the option to purchase 2446 and 2244 Wheeless Road as a package deal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Columbia
    State
    Georgia
    Longitude
    -82.045886
    Latitude
    33.450333

    Nearby Similar for Sale

    • $1,495,000
      16,848 SF

      Augusta Commercial Property on Wrightsboro

      16,848 SF building on 6.43 acres near Augusta Mall.
      3513 Wrightsboro Road, Augusta, GA 30909
      View Details
    • $349,000
      3,256 SF

      Income-Producing Duplexes in Old Town

      Two duplexes near downtown, medical district, and Savannah River.
      305 1st Street, Augusta, GA 30901
      View Details
    • $1,500,000
      5,390 SF

      Augusta Retail Opportunity For Sale

      Retail property in Augusta, GA, with community business potential.
      1675 Olive Road, Augusta, GA 30904
      View Details
    • $985,000
      4,000 SF

      Updated Home with Guest Suite

      Classic home in historic district with investment potential.
      2563 Central Avenue, Augusta, GA 30904
      View Details
    • $95,900
      1,414 SF

      Functional Commercial Space in Augusta

      Versatile commercial property with offices, reception, and kitchenette.
      1126 11th Street, Augusta, GA 30901
      View Details
    • $185,900
      1,900 SF

      Augusta Commercial Building For Sale

      Commercial building suitable for various business and community purposes.
      2335 Lumpkin Road, Augusta, GA 30906
      View Details
    • $450,000

      Prime Corner Lot in Augusta

      Desirable corner lot with potential for residential or commercial development.
      2875 Lake Forest Drive, Augusta, GA 30909
      View Details
    • $300,000
      92,000 SF

      Augusta Land For Sale

      2.14 acres in J and B Industrial Park area.
      503 National Avenue, Augusta, GA 30901
      View Details
    • $340,000
      2,552 SF

      Augusta Triplex: Investor Opportunity

      Triplex in Olde Towne Augusta with income potential.
      211 Broad Street, Augusta, GA 30901
      View Details
    • $179,900
      1,174 SF

      C-3 Zoned Income Opportunity

      Duplex with income potential on .26 acres.
      1933 George Road, Augusta, GA 30904
      View Details
    • $350,000

      Augusta Commercial Land on Peach Orchard

      1.39 acre commercial land parcel on busy Peach Orchard Road.
      3607 Peach Orchard Road, Augusta, GA 30906
      View Details
    • $1,230,000
      10,740 SF

      Augusta Townhomes Investment Opportunity

      Six modern townhomes near Fort Gordon, fully rented and ready.
      4420 Castellon Way, Augusta, GA 30906
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot for sale in a good area.
    Where is this commercial land located?
    The property is located at 2242 Wheeless Road Augusta, GA.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Commercial lot in a good area; Package deal including two lots (2446 and 2244); Cable available
    (706) 306-2857
    We can help!
    Listing Contact
    Purvis Huggins
    Real Estate License ID: 271812
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2242 Wheeless Road, Augusta, GA 30904
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!