Mixed-Use Property with Three
New
For Sale
$750,000
2372 Barton Chapel Road, Augusta, GA 30906
Commercial Sale, Augusta, GA
Property Size2,016 SF
Lot Size0.41 Acres
Price / SF$372.02
Days on Market2
Property Features for 2372 Barton Chapel Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-1B
Parking features
Parking Lot
Subdivision
Not In Subdivision
Directions
From I-520E, use the right 2 lanes to take exit 3 to merge onto GA-10 W/US-278 W/US-78 W. Turn left onto Barton Chapel Rd. Property will be on the left.
Standard status
Active
APN
0830037030
Size
2,016 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Deed Book Page 1175 29 Plat Book Page 15 1660
Tax Annual Amount
1500
Legal Description
Deed Book Page 1175 29 Plat Book Page 15 1660
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1973
Listing Agency:
Keller Williams Realty Augusta Partners
Listed By:
Ahmad Shah Hussaini · License #354183
(706) 836-9895
Added: Sep 23
Last Checked: Sep 24 at 4:06AM
MLS# 100605629
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 mixed-use property contains 2016 square feet arranged across three commercial spaces: an established liquor store and two restaurant spaces. The configuration supports separate business operations within one property and provides flexibility for an owner-user or multiple occupants. The building was constructed in 1973 and sits on a 0.41-acre parcel.
The property is located at 2372 Barton Chapel Road in Augusta, Georgia. R-1B zoning applies, with public water and public sewer serving the site. Water is available, and a parking lot is included for on-site access. The combination of a retail operation, restaurant-oriented spaces, and shared site improvements creates a varied commercial layout within a single asset.
The property is located at 2372 Barton Chapel Road in Augusta, Georgia. R-1B zoning applies, with public water and public sewer serving the site. Water is available, and a parking lot is included for on-site access. The combination of a retail operation, restaurant-oriented spaces, and shared site improvements creates a varied commercial layout within a single asset.
Key Highlights
- Three commercial spaces include an established liquor store and two restaurant spaces
- 2016 square feet on a 0.41‑acre parcel
- R‑1B zoning
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
$24,494
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
3.27%
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%
$489,880
$489.9K
Cap Rate 7%
$349,914
$349.9K
Cap Rate 9%
$272,156
$272.2K
Market Conditions
NOI Build-Up for 2,016 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
$43.5K $21.60/SF
− Vacancy
−$4.4K −$2.16/SF
EGI
$39.2K $19.44/SF
− OpEx
−$14.7K −$7.29/SF
NOI
$24.5K $12.15/SF
Area
Augusta, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$489,880
Cap Rate 7%
$349,914
Cap Rate 9%
$272,156
Alternative Uses
Best Use
Mixed Use
$349.9K
$306.2K – $408.2K
NOI $24,494 @ 7.0% cap · market cap 3.27%
Second Best
Specialty Retail
$338.4K
$296.1K – $394.8K
NOI $23,687 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$636.3K
$556.8K – $742.4K
NOI $44,543 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a liquor store, two restaurant spaces, and a parking lot.
Where is this mixed-use property located?
The property is located at 2372 Barton Chapel Road Augusta, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three commercial spaces include an established liquor store and two restaurant spaces; 2016 square feet on a 0.41‑acre parcel; R‑1B zoning
