Renovated Brick Office
For Sale
$519,000
2320 Wrightsboro Rd, Augusta, GA 30904
C3-zoned office property with updated building systems, a corner setting, and on-site parking.
Property Size3,230 SF
Lot Size0.30 Acres
Price / SF$160.68
Days on Market194
Property Features for 2320 Wrightsboro Rd
General Information
Standard status
Active
Size
3,230 SF
Class
B
Total Parking Spaces
20
Lot size
0.30 Acres
Property subtype
Single Tenant Office
Zoning
C3
Building Details
Building Size
3,230 SF
Year Built
1980
Buildings
1
Construction
brick
Tenancy
Single
Owner Occupied
No
Listing Agency:
Sperry Commercial Global Affiliates - Griffin Partners
(877) 477-1407
Listed By:
Mark Griffin
(877) 477-1407
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 12:52PM
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 Sperry Commercial Global Affiliates - Griffin Partners
Investment Insights
Based on property information with market context.
This 3,230-square-foot, all-brick office building occupies approximately 0.30 acres and was built in 1980. Recent improvements include three HVAC systems, a new roof, and new fixtures. The property is zoned C3 and includes 20 parking spaces.
Positioned on a highly visible corner in Augusta near a concentration of medical offices, the building can support general office or medical office use. The existing tenant’s lease ends on 12/31/2025, providing a defined point for future occupancy planning or continued short-term rent collection before renovations or relocation.
Positioned on a highly visible corner in Augusta near a concentration of medical offices, the building can support general office or medical office use. The existing tenant’s lease ends on 12/31/2025, providing a defined point for future occupancy planning or continued short-term rent collection before renovations or relocation.
Key Highlights
- 3,230 SF all‑brick office building on approximately 0.30 acres
- 20 on‑site parking spaces
- Three new HVAC systems, a new roof, and new fixtures
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
$47,070
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
9.07%
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%
$941,400
$941.4K
Cap Rate 7%
$672,429
$672.4K
Cap Rate 9%
$523,000
$523.0K
Market Conditions
NOI Build-Up for 3,230 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
$85.3K $26.40/SF
− Vacancy
−$6.8K −$2.11/SF
EGI
$78.5K $24.29/SF
− OpEx
−$31.4K −$9.72/SF
NOI
$47.1K $14.57/SF
Area
Augusta, GA
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
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%
$941,400
Cap Rate 7%
$672,429
Cap Rate 9%
$523,000
Alternative Uses
Best Use
Office B
$706.0K
$617.7K – $823.7K
NOI $49,419 @ 7.0% cap · market cap 9.52%
Second Best
Healthcare Medical
$672.4K
$588.4K – $784.5K
NOI $47,070 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$1.02M
$892.1K – $1.19M
NOI $71,366 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 30904, GA
24,145
Population
12,558
Households
1.9
Avg Household Size
38
Median Age
31%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,195
Density / Sq Mi
$45,636
Median Household Income
$29,101
Median Earnings
$953
Median Rent
$185,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - C3-zoned office property with updated building systems, a corner setting, and on-site parking.
Where is this office building located?
The property is located at 2320 Wrightsboro Rd Augusta, GA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: 3,230 SF all‑brick office building on approximately 0.30 acres; 20 on‑site parking spaces; Three new HVAC systems, a new roof, and new fixtures
