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    Multi-Level Retail/Office Center Title is generated by Realmo AI

    229 Furys Ferry Road, Martinez, GA 30907

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    For Lease
    $18 SF/Yr $4,050/Mo (calc)

    Two available office/retail suites in a multi-level center with strong visibility on a high-traffic corridor.

    Type:Retail
    Property size:
    2,700 SF
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 2:53 am

    Property Features for 229 Furys Ferry Road

    General Information

    Standard status
    Active
    Size
    2,700 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2003

    Spaces For Lease

    at 229 Furys Ferry Road Contact us

    We can help!

    Listing Contact
    Charlie Davis
    Charlie Davis

    Listing agent Charlie Davis License #432526

    Listing office Jordan Trotter Commercial Real Estate

    Listing date Jun 1, 2026

    Source Jordantrotter

    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

    HighLights

    • Year built 2003 multi‑level office/retail center
    • Two office/retail suites available, each 2,700 SF
    • Located on Furys Ferry Road between Riverwatch Parkway and Washington Road
    • High‑traffic corridor with VPD 12,300 on Furys Ferry Road
    • All tenants are listed on the pylon sign on Furys Ferry Road

    Overview

    This multi-level commercial center offers two office/retail spaces currently available for lease, with each suite measuring 2,700 SF. Designed to support a mix of professional and customer-facing needs, the building’s configuration provides separate spaces within the overall center for tenant occupancy.

    Located on Furys Ferry Road between Riverwatch Parkway and Washington Road, the property benefits from frequent passing traffic along this corridor. The center’s tenant presence is supported by a pylon sign on Furys Ferry Road, where all tenants are listed. Furys Ferry Road is reported at 12,300 VPD, helping reinforce day-to-day visibility.

    The available suites are a practical fit for tenants seeking a prominent storefront-style address while retaining the flexibility of office use. Because the suites are positioned within an active retail/office environment and benefit from established signage, the property may work well for service-oriented businesses, showrooms, and other local concepts that depend on easy access and clear identification.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • The Centre at Furys Ferry Road — Furys Ferry Rd, Martinez, GA 30907
    • Petersburg Shoppes — 500 Furys Ferry Rd, Martinez, GA 30907
    • West Town Shopping Center — B, F, Martinez, GA 30907

    Location Insight

    • Map
    • Local Demand
    City
    Martinez
    County
    Columbia
    State
    Georgia
    Longitude
    -82.0598404
    Latitude
    33.517702

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    FAQs

    What type of property is this?
    Shopping center - Two available office/retail suites in a multi-level center with strong visibility on a high-traffic corridor.
    Where is this shopping center located?
    The property is located at 229 Furys Ferry Road Martinez, GA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Year built 2003 multi‑level office/retail center; Two office/retail suites available, each 2,700 SF; Located on Furys Ferry Road between Riverwatch Parkway and Washington Road
    (706) 993-0514
    We can help!
    Listing Contact
    Charlie Davis
    Charlie Davis
    Real Estate License ID: 432526
    Learn More
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    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.

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