Fully Leased Augusta Shopping
For Sale
$799,000
2658 Barton Chapel Rd, Augusta, GA 30906
6,000 SF shopping center with below-market leases and upside.
Property Size6,000 SF
Price / SF$133.17
Days on Market157
Property Features for 2658 Barton Chapel Rd
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Building Details
Building Size
6,000 SF
Year Built
1997
Listing Agency:
Sherman & Hemstreet Real Estate
(706) 627-2789
Listed By:
Joe Edge, SIOR, CCIM · License #282262
(706) 627-2789
Source:
Shermanandhemstreet
Added: Mar 27
Changed: Aug 26
Last Checked: Aug 29 at 8:23AM
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 Sherman & Hemstreet Real Estate
Investment Insights
Based on property information with market context.
This 6,000 square foot shopping center is located in South Augusta. The property features three units, all currently leased below market rates. Suite A, the main 3,600 SF grocery store space, was recently re-leased in less than 45 days after the previous operator retired on 12/31/25. Suite C is occupied by a church since March 2025, which recently expanded and extended their lease to include Suite B. All leases include annual increases to the base rental rate. The grocery store tenant operates under a NN lease, covering 60% of the property tax, insurance, and water bill, while the church pays 40% of the water bill. The site includes a large parking lot and excess land. A new monument sign was installed in February 2026. The property is situated on Barton Chapel Rd, just off Deans Bridge Rd, and is minutes from the Deans Bridge Walmart Supercenter and I-520. Its central location in Augusta provides convenient access to the Augusta Exchange, Washington Crossing, Perimeter Square, and Downtown Augusta. Lease rates are at least 20% below market, offering substantial upside potential.
Key Highlights
- Fully leased shopping center with below‑market lease rates, offering significant upside potential.
- Rapid re‑leasing of the main grocery store space (3,600 SF) in under 45 days.
- Leases include annual rent increases.
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
$66,839
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
8.37%
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%
$1,336,780
$1.3M
Cap Rate 7%
$954,843
$954.8K
Cap Rate 9%
$742,656
$742.7K
Market Conditions
NOI Build-Up for 6,000 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
$99.4K $16.56/SF
− Vacancy
−$3.9K −$0.65/SF
EGI
$95.5K $15.91/SF
− OpEx
−$28.6K −$4.77/SF
NOI
$66.8K $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%
$1,336,780
Cap Rate 7%
$954,843
Cap Rate 9%
$742,656
Alternative Uses
Best Use
Retail
$954.8K
$835.5K – $1.11M
NOI $66,839 @ 7.0% cap · market cap 8.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,569 @ 7.0% cap · market cap 16.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
101k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Groceries 21%
Shops & Services 18%
Electronics 1%
McDonald's
Dining
34,785 visits/mo
0.3 miles
IGA
Groceries
21,191 visits/mo
0.2 miles
Burger King
Dining
15,346 visits/mo
0.2 miles
Captain D's
Dining
10,060 visits/mo
0.4 miles
Family Dollar
Shops & Services
8,959 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Deans Bridge Center — 3355 Deans Bridge Rd, Augusta, GA 30906
- Barton Chapel Plaza — 2664 Barton Chapel Rd, Augusta, GA 30906
Frequently Asked Questions
What type of property is this?
Shopping center - 6,000 SF shopping center with below-market leases and upside.
Where is this shopping center located?
The property is located at 2658 Barton Chapel Rd Augusta, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully leased shopping center with below‑market lease rates, offering significant upside potential.; Rapid re‑leasing of the main grocery store space (3,600 SF) in under 45 days.; Leases include annual rent increases.
