High-Visibility Automotive/Retail
For Sale
$385,000
2802 Regency Blvd, Augusta, GA 30904
2,208 SF building on a hard corner with high traffic.
Property Size2,208 SF
Price / SF$174.37
Days on Market99
Property Features for 2802 Regency Blvd
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Retail
Building Details
Building Size
2,208 SF
Year Built
1988
Listing Agency:
Jordan Trotter Commercial Real Estate
Listed By:
Wil Kacos · License #362127
(706) 840-3876
Source:
Jordantrotter
Added: May 27
Changed: Aug 26
Last Checked: Sep 1 at 3:21PM
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 Jordan Trotter Commercial Real Estate
Investment Insights
Based on property information with market context.
Located on a hard corner at a signalized intersection, this 2,208 SF building offers visibility from Gordon Highway, where the daily traffic count is 22,200. The property was previously occupied by an oil change concept. Possible uses include car detailing, oil changes, automotive repairs, car sales, car wash, or other retail uses. The location offers exposure and access from Gordon Highway.
Key Highlights
- High visibility location on a hard corner at a signalized intersection.
- High daily traffic count of 22,200 on Gordon Highway.
- 2,208 SF building suitable for various retail or automotive uses.
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
$24,597
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
6.39%
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%
$491,940
$491.9K
Cap Rate 7%
$351,386
$351.4K
Cap Rate 9%
$273,300
$273.3K
Market Conditions
NOI Build-Up for 2,208 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
$36.6K $16.56/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$35.1K $15.91/SF
− OpEx
−$10.5K −$4.77/SF
NOI
$24.6K $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%
$491,940
Cap Rate 7%
$351,386
Cap Rate 9%
$273,300
Alternative Uses
Best Use
Retail
$351.4K
$307.5K – $410.0K
NOI $24,597 @ 7.0% cap · market cap 6.39%
Second Best
Industrial
$198.6K
$173.8K – $231.7K
NOI $13,901 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$696.9K
$609.8K – $813.1K
NOI $48,785 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30904, GA
24,145
Population
12,558
Households
1.9
Avg Household Size
38
Median Age
31%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,195
Density / Sq Mi
$45,636
Median Household Income
$29,101
Median Earnings
$953
Median Rent
$185,400
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
- U-Haul Neighborhood Dealer — 2848 Deans Bridge Rd Ste E, Augusta, GA 30906
- U-Haul Neighborhood Dealer — 1640 Gordon Hwy, Augusta, GA 30906
- U-Haul Moving & Storage at Gordon Hwy — 1647 Gordon Hwy, Augusta, GA 30906
- U-Box at U-Haul — 1647 Gordon Hwy, Augusta, GA 30906
- Trailer Rental at U-Haul — 1647 Gordon Hwy, Augusta, GA 30906
Frequently Asked Questions
What type of property is this?
Automotive property - 2,208 SF building on a hard corner with high traffic.
Where is this automotive property located?
The property is located at 2802 Regency Blvd Augusta, GA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: High visibility location on a hard corner at a signalized intersection.; High daily traffic count of 22,200 on Gordon Highway.; 2,208 SF building suitable for various retail or automotive uses.
