Building Details

Building Size 19,632 SF

Year Built 1995

Buildings 3

Listing Agency: Coldwell Banker Lake Oconee Realty/Lake Country

Listed By: Andy McHugh · License #346076 Show Phone

Source: Evrealestate

Added: Jan 19 Changed: Oct 5 Last Checked: Oct 16 at 6:11AM

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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 Coldwell Banker Lake Oconee Realty/Lake Country

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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.

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 / Yr

$150,081

Cap Rate

7.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,001,620 $3.0M

Cap Rate 7%

$2,144,014 $2.1M

Cap Rate 9%

$1,667,567 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,632 SF

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 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 (±1% cap)

NOI $150,081 @ 7.0% cap · market cap 7.15%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$6.20M

$5.42M – $7.23M (±1% cap)

NOI $433,765 @ 7.0% cap · market cap 20.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

AMX Solutions, Inc. Production Facility

Suggested Use

Top Pick Restaurant Hair Salon Spa & Massage Center HVAC Service Skin Care Clinic Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• Cool It! of Augusta — 3126 Mike Padgett Hwy, Augusta, GA 30906
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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 $2,100,000.

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