Renovated Office
For Sale
$350,000
304 Golden Camp Road, Augusta, GA 30906
Renovated office space is paired with a gated, gravel-surfaced yard for equipment storage or vehicle parking.
Property Size1,374 SF
Lot Size0.76 Acres
Price / SF$254.73
Days on Market159
Property Features for 304 Golden Camp Road
General Information
Standard status
Active
Size
1,374 SF
Lot size
0.76 Acres
Property subtype
Other Industrial
Zoning
B-2, L-I
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Land Use
commercial, office, industrial
Amenities
basement storage
Building Details
Building Size
1,374 SF
Year Built
1966
Buildings
1
Properties For Sale
at 304 Golden Camp Road Contact us- Size
- 1,374 SF
- Lease Type
- Modified Gross
304 Golden Camp Road
Listing Agency:
Sherman & Hemstreet Real Estate Co.
(706) 722-8334
Listed By:
Joe Edge · License #282262
(706) 722-8334
Source:
Thebrokerlist
Added: Mar 27
Changed: Aug 31
Last Checked: Aug 31 at 2:33AM
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 Co.
Investment Insights
Based on property information with market context.
This commercial property combines a renovated office building with a secured outdoor yard. The office contains 1,374 SF and has received updates to the roof, electrical system, floors, bathroom, kitchen, and interior paint. A substantial basement offers additional storage beyond the stated building area. The parcel is enclosed with a fence and includes a gated laydown area that has been cleared and surfaced with gravel.
The 0.76-acre site occupies the signalized intersection of Deans Bridge Road and Golden Camp Road in Augusta, with multiple access points. The property also offers access to I-520 and Highway 78. A national auto glass company has a 10-year lease on the adjacent site, and a county charter school is located directly across the street.
The 0.76-acre site occupies the signalized intersection of Deans Bridge Road and Golden Camp Road in Augusta, with multiple access points. The property also offers access to I-520 and Highway 78. A national auto glass company has a 10-year lease on the adjacent site, and a county charter school is located directly across the street.
Key Highlights
- 0.76‑acre parcel with a fenced, gated laydown yard
- 1,374 SF renovated office building
- Large basement storage area outside the stated square footage
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
$21,022
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
6.01%
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%
$420,440
$420.4K
Cap Rate 7%
$300,314
$300.3K
Cap Rate 9%
$233,578
$233.6K
Market Conditions
NOI Build-Up for 1,374 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
$33.0K $24.00/SF
− Vacancy
−$4.9K −$3.60/SF
EGI
$28.0K $20.40/SF
− OpEx
−$7.0K −$5.10/SF
NOI
$21.0K $15.30/SF
Area
Augusta, GA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$420,440
Cap Rate 7%
$300,314
Cap Rate 9%
$233,578
Alternative Uses
Best Use
Office B
$300.3K
$262.8K – $350.4K
NOI $21,022 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$433.7K
$379.5K – $506.0K
NOI $30,358 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated office space is paired with a gated, gravel-surfaced yard for equipment storage or vehicle parking.
Where is this office units located?
The property is located at 304 Golden Camp Road Augusta, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 0.76‑acre parcel with a fenced, gated laydown yard; 1,374 SF renovated office building; Large basement storage area outside the stated square footage
