Flex Industrial
For Sale
$725,000
3302 Commerce Dr, Augusta, GA 30909
Flex/industrial property with 10 dock-high doors and 2 drive-in doors on 2.43 deeded acres.
Property Size10,500 SF
Lot Size2.43 Acres
Price / SF$69.05
Days on Market74
Property Features for 3302 Commerce Dr
General Information
Standard status
Active
Size
10,500 SF
Lot size
2.43 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Dock-High Doors
10
Drive-In Doors
2
Building Details
Building Size
10,500 SF
Year Built
1988
Listing Agency:
Reedy Commercial
Listed By:
Lindsey Twining · License #91386
(864) 380-4917
Source:
Reedycommercial
Added: Jun 25
Changed: Sep 3
Last Checked: Sep 6 at 7:30AM
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 Reedy Commercial
Investment Insights
Based on property information with market context.
This flex/industrial property totals 10,500 SF and sits on 2.43 deeded acres. The building includes 10 dock-high doors and 2 drive-in doors, supporting flexible loading and distribution operations. Suite configurations are noted as flexible, and 4,500 SF is available.
The site is located between Downtown Augusta and Fort Gordon, with road frontage along Hwy 520 and Hwy 78.
The offering is presented as an owner-occupant opportunity with in-place income and meaningful upside, supported by the listing’s statement that 4,500 SF is available with income in place. The property is zoned Light Industrial and is configured for practical dock and drive-in access.
The site is located between Downtown Augusta and Fort Gordon, with road frontage along Hwy 520 and Hwy 78.
The offering is presented as an owner-occupant opportunity with in-place income and meaningful upside, supported by the listing’s statement that 4,500 SF is available with income in place. The property is zoned Light Industrial and is configured for practical dock and drive-in access.
Key Highlights
- 10,500 SF flex/industrial building with flexible suite configurations for a range of users
- Includes 10 dock‑high doors and 2 drive‑in doors for loading and operational flexibility
- Owner‑occupant opportunity with 4,500 SF available and income in place
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
$66,104
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
9.12%
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%
$1,322,080
$1.3M
Cap Rate 7%
$944,343
$944.3K
Cap Rate 9%
$734,489
$734.5K
Market Conditions
NOI Build-Up for 10,500 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
$103.3K $9.84/SF
− Vacancy
−$8.9K −$0.85/SF
EGI
$94.4K $8.99/SF
− OpEx
−$28.3K −$2.70/SF
NOI
$66.1K $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%
$1,322,080
Cap Rate 7%
$944,343
Cap Rate 9%
$734,489
Alternative Uses
Best Use
Flex RnD
$1.28M
$1.12M – $1.49M
NOI $89,435 @ 7.0% cap · market cap 12.34%
Second Best
Warehouse
$1.15M
$1.00M – $1.34M
NOI $80,269 @ 7.0% cap · market cap 11.07%
Theoretical Best
Office A
$3.31M
$2.90M – $3.87M
NOI $231,995 @ 7.0% cap · market cap 32.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Dock-high doors
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30909, GA
48,181
Population
24,005
Households
2
Avg Household Size
35
Median Age
40%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
1,889
Density / Sq Mi
$67,710
Median Household Income
$41,812
Median Earnings
$1,196
Median Rent
$237,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/industrial property with 10 dock-high doors and 2 drive-in doors on 2.43 deeded acres.
Where is this flex space located?
The property is located at 3302 Commerce Dr Augusta, GA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 10,500 SF flex/industrial building with flexible suite configurations for a range of users; Includes 10 dock‑high doors and 2 drive‑in doors for loading and operational flexibility; Owner‑occupant opportunity with 4,500 SF available and income in place
