Commercial Property on Busy
For Sale
$1,500,000
3416 Mike Padgett Hwy, Augusta, GA 30906
Versatile commercial property with high visibility and easy accessibility.
Property Size8,349 SF
Price / SF$179.66
Days on Market283
Property Features for 3416 Mike Padgett Hwy
General Information
Standard status
Active
Size
8,349 SF
Site & Location
Neighborhood
Southside
Building Details
Year Built
1957
Listing Agency:
VanderMorgan Realty
Listed By:
Justin Bolin · License #285108
(706) 627-2726
Source:
Bradberrygarnerrealestate
Added: Jan 26
Changed: Oct 25
Last Checked: Nov 3 at 10:22AM
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 VanderMorgan Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is located in Richmond County, offering visibility and accessibility. Situated on a busy highway, the property experiences a high volume of daily traffic, making it suitable for various business ventures, including a restaurant, retail space, or office. The property provides space for customization and includes on-site parking for customers and employees. This property is suitable for expanding an existing business or starting a new venture.
Key Highlights
- High visibility location on a busy highway ensures a high volume of daily traffic.
- Versatile property suitable for a restaurant, retail, or office space.
- Ample space for customization to suit various business needs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,740
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,554,800
$2.6M
Cap Rate 7%
$1,824,857
$1.8M
Cap Rate 9%
$1,419,333
$1.4M
Market Conditions
NOI Build-Up for 8,349 SF
Gross rent
$200.4K $24.00/SF
− Vacancy
−$30.1K −$3.60/SF
EGI
$170.3K $20.40/SF
− OpEx
−$42.6K −$5.10/SF
NOI
$127.7K $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 Rate 5%
$2,554,800
Cap Rate 7%
$1,824,857
Cap Rate 9%
$1,419,333
Alternative Uses
Best Use
Office B
$1.82M
$1.60M – $2.13M
NOI $127,740 @ 7.0% cap · market cap 8.52%
Second Best
Specialty Retail
$1.40M
$1.23M – $1.63M
NOI $98,095 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$2.64M
$2.31M – $3.07M
NOI $184,469 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Versatile commercial property with high visibility and easy accessibility.
Where is this retail space located?
The property is located at 3416 Mike Padgett Hwy Augusta, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High visibility location on a busy highway ensures a high volume of daily traffic.; Versatile property suitable for a restaurant, retail, or office space.; Ample space for customization to suit various business needs.
