Tires Plus Auto Service
For Sale
Contact for pricing
2601 Tobacco Road, Augusta, GA 30815
Automotive facility supporting tire sales, vehicle repairs, and routine maintenance services.
Property Size3,760 SF
Price / SF$151.27
Days on Market122
Property Features for 2601 Tobacco Road
General Information
Standard status
Active
Size
3,760 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$39,815
Building Details
Year Built
1987
Tenancy
Single
Listing Agency:
CBRE - Philadelphia Suburban
Listed By:
Matthew Gorman · License #PA RS287470
(484) 567-2340
Source:
Crexi
Added: May 4
Changed: Sep 2
Last Checked: Sep 2 at 1:16AM
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 CBRE - Philadelphia Suburban
Investment Insights
Based on property information with market context.
The Augusta property is a 3760-square-foot automotive service facility built in 1987 and identified with the Tires Plus brand. The business platform supports tire sales along with vehicle maintenance and repair services, including oil changes, brake work, wheel alignments, and engine diagnostics.
Located at 2601 Tobacco Road, Augusta, GA 30815, the property offers an established setting for automotive service operations. The source information identifies Tires Plus as a Bridgestone Corporation subsidiary with a corporate-owned network across multiple states.
Located at 2601 Tobacco Road, Augusta, GA 30815, the property offers an established setting for automotive service operations. The source information identifies Tires Plus as a Bridgestone Corporation subsidiary with a corporate-owned network across multiple states.
Key Highlights
- 3760‑square‑foot automotive service facility
- Built in 1987
- Located at 2601 Tobacco Road, Augusta, GA 30815
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
$41,886
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
7.36%
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%
$837,720
$837.7K
Cap Rate 7%
$598,371
$598.4K
Cap Rate 9%
$465,400
$465.4K
Market Conditions
NOI Build-Up for 3,760 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
$62.3K $16.56/SF
− Vacancy
−$2.4K −$0.65/SF
EGI
$59.8K $15.91/SF
− OpEx
−$18.0K −$4.77/SF
NOI
$41.9K $11.14/SF
Area
Augusta, GA
Vacancy
3.90%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
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%
$837,720
Cap Rate 7%
$598,371
Cap Rate 9%
$465,400
Alternative Uses
Best Use
Retail
$598.4K
$523.6K – $698.1K
NOI $41,886 @ 7.0% cap · market cap 7.36%
Second Best
Industrial
$338.2K
$295.9K – $394.5K
NOI $23,672 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,076 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
940
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
CubeSmart Self Storage
Shops & Services
940 visits/mo
0.4 miles
Demographics for 30815, GA
40,131
Population
15,741
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
89%
High-School Grad
126.6 sq mi
ZIP Area
317
Density / Sq Mi
$65,132
Median Household Income
$34,993
Median Earnings
$1,155
Median Rent
$168,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility supporting tire sales, vehicle repairs, and routine maintenance services.
Where is this auto shop located?
The property is located at 2601 Tobacco Road Augusta, GA.
What is the asking price?
The asking price for this property is $568,785.
What are key features of this property?
This property features: 3760‑square‑foot automotive service facility; Built in 1987; Located at 2601 Tobacco Road, Augusta, GA 30815
