Auto Repair Shop For
For Sale
$189,900
2687 , Augusta, GA 30906
Garage/auto repair shop with possibilities for various commercial uses.
Property Size1,979 SF
Price / SF$105.62
Days on Market251
Property Features for 2687
General Information
Standard status
Active
Size
1,979 SF
Property subtype
Commercial
Amenities
0.68 acres, Corner Lot, Level
Composition
Public Sewer
Parcel Number: 1070020000, Annual Amount: $1,631.32, Year: 25
Concrete
Listing ID: 10810114, Standard Status: Active, MLS Status: Active, On market as of 2026-07-21, 24 days on market
Parking Lot
Built in 1979, Construction Materials: Block
County/Parish: Richmond
Fixer
Natural Gas Available, Sewer Available, Water Available, Water Source: Public, 220 Volts
Close Plus 3 to 5 Days
Building Details
Building Size
1,979 SF
Year Built
1979
Listing Agency:
Dalton Wade, Inc.
(888) 668-8283
Listed By:
Charlton A Carswell · License #205329
(706) 868-3772
Source:
Blackstreaminternational
Added: Jan 26
Changed: Oct 3
Last Checked: Oct 2 at 11:17PM
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 Dalton Wade, Inc.
Investment Insights
Based on property information with market context.
This property, currently utilized as a garage and auto repair shop, is zoned B2 and presents opportunities for various commercial applications. The location benefits from a traffic count approaching 35,000. The existing structure includes three bays, a small office area, a bathroom, and storage space. Potential alternative uses for the site include a convenience store, a car lot, or a restaurant.
Key Highlights
- High traffic count (approaching 35,000)
- B2 Zoning allows for diverse business possibilities (garage/auto repair, C‑Store, car lot, restaurant)
- Currently used as a garage/auto repair shop
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
$11,320
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
5.96%
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%
$226,400
$226.4K
Cap Rate 7%
$161,714
$161.7K
Cap Rate 9%
$125,778
$125.8K
Market Conditions
NOI Build-Up for 1,798 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
$17.7K $9.84/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$16.2K $8.99/SF
− OpEx
−$4.9K −$2.70/SF
NOI
$11.3K $6.30/SF
Area
Augusta, GA
Vacancy
8.60%
Lease Rate
$9.84 /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%
$226,400
Cap Rate 7%
$161,714
Cap Rate 9%
$125,778
Alternative Uses
Best Use
Specialty Retail
$301.8K
$264.1K – $352.1K
NOI $21,125 @ 7.0% cap · market cap 11.12%
Second Best
Retail
$286.1K
$250.4K – $333.8K
NOI $20,030 @ 7.0% cap · market cap 10.55%
Theoretical Best
Office A
$567.5K
$496.6K – $662.1K
NOI $39,726 @ 7.0% cap · market cap 20.92%
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
219
Businesses Nearby
101k
Monthly Visits Nearby
Well-served
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
0.2 miles
IGA
Groceries
21,191 visits/mo
0.2 miles
Burger King
Dining
15,346 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Roy's Auto Repair — 2687 Barton Chapel Rd, Augusta, GA 30906
- Tire World — 3105 Spring Grove Dr, Augusta, GA 30906
- One Stop Auto and Cycle, LLC — 3105 Spring Grove Dr F-2/F-3, Augusta, GA 30906
- Danny's Used Tire Auto Repair — 3247 Deans Bridge Rd, Augusta, GA 30906
- Mobile Mechanic Augusta GA — 2942 Glenn Hills Dr, Augusta, GA 30906
Frequently Asked Questions
What type of property is this?
Auto shop - Garage/auto repair shop with possibilities for various commercial uses.
Where is this auto shop located?
The property is located at 2687 Augusta, GA.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: High traffic count (approaching 35,000); B2 Zoning allows for diverse business possibilities (garage/auto repair, C‑Store, car lot, restaurant); Currently used as a garage/auto repair shop
