Warehouse Property with Paved
For Sale
$2,200,000
2702 Mike Padgett HWY, Augusta, GA 30906
The property offers electric service, natural-gas heating, high-speed internet, and partial chain-link fencing.
Property Size19,632 SF
Days on Market225
Property Features for 2702 Mike Padgett HWY
General Information
Standard status
Active
Size
19,632 SF
Zoning
Light Industry, Agriculture
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$11,292
Amenities
Delivery Dock, Delivery Door
Electric
Heat Pump, Natural Gas
High Speed Internet
Chain Link, Partial
Parking Lot, Paved
Building Details
Building Size
19,632 SF
Year Built
1995
Buildings
3
Listing Agency:
(706) 474-5755
Listed By:
Andy McHugh · License #346076
(706) 474-5755
Source:
Evrealestate
Added: Jan 19
Changed: Aug 29
Last Checked: Aug 31 at 4:08PM
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 Andy McHugh
Investment Insights
Based on property information with market context.
This warehouse property at 2702 Mike Padgett HWY includes electric service, a natural-gas heat pump, high-speed internet, partial chain-link fencing, and a paved parking lot. The property was built in 1995.
The site is positioned along Mike Padgett Hwy/GA-56 S in Augusta, with access from I-520 via Exit 6A. From the expressway, the property is approximately 1.5 miles south along Mike Padgett Hwy. Downtown Augusta is approximately 4-5 miles away via the same route. The property is located in Richmond County and carries Light Industry, Agriculture zoning.
The site is positioned along Mike Padgett Hwy/GA-56 S in Augusta, with access from I-520 via Exit 6A. From the expressway, the property is approximately 1.5 miles south along Mike Padgett Hwy. Downtown Augusta is approximately 4-5 miles away via the same route. The property is located in Richmond County and carries Light Industry, Agriculture zoning.
Key Highlights
- Warehouse property built in 1995
- Light Industry, Agriculture zoning
- Paved parking lot with partial chain‑link fencing
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
$150,081
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
6.82%
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%
$3,001,620
$3.0M
Cap Rate 7%
$2,144,014
$2.1M
Cap Rate 9%
$1,667,567
$1.7M
Market Conditions
NOI Build-Up for 19,632 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
$193.2K $9.84/SF
− Vacancy
−$16.6K −$0.85/SF
EGI
$176.6K $8.99/SF
− OpEx
−$26.5K −$1.35/SF
NOI
$150.1K $7.64/SF
Area
Augusta, GA
Vacancy
8.60%
Lease Rate
$9.84 /SF/Yr
Expense Ratio
15.00%
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%
$3,001,620
Cap Rate 7%
$2,144,014
Cap Rate 9%
$1,667,567
Alternative Uses
Best Use
Warehouse
$2.14M
$1.88M – $2.50M
NOI $150,081 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.20M
$5.42M – $7.23M
NOI $433,765 @ 7.0% cap · market cap 19.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cool It! of Augusta — 3126 Mike Padgett Hwy, Augusta, GA 30906
- ADSI Moving Systems — 3122 Mike Padgett Hwy Ste A, Augusta, GA 30906
- A-1 Bestway — 3122 Mike Padgett Hwy Ste 200, Augusta, GA 30906
Frequently Asked Questions
What type of property is this?
Warehouse - The property offers electric service, natural-gas heating, high-speed internet, and partial chain-link fencing.
Where is this warehouse located?
The property is located at 2702 Mike Padgett HWY Augusta, GA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Warehouse property built in 1995; Light Industry, Agriculture zoning; Paved parking lot with partial chain‑link fencing
