Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3940 Washington Rd Augusta, GA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Up to 4,000 SF available in Martinez, high-traffic location.

    Type:RETAIL
    Property size:
    4,000 SF
    Lot size:
    0.76 Acres
    Added:
    Apr 18, 2025
    Days on Market:
    356
    Last Refresh:
    Apr 5 at 11:00 pm

    Property Features for 3940 Washington Rd

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Lot size
    0.76 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3940 Washington Rd Contact us

    We can help!

    Listing Contact
    Parker Dye
    Parker Dye

    Listing agent Parker Dye License #357255

    Listing office Jordan Trotter Commercial Real Estate

    Listing date Apr 18, 2025

    Source Moodyscre

    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

    Overview

    Prime Retail/Office Space Available

    Up to 4,000 square feet of space is available for lease on Washington Road in Martinez, situated just west of Bobby Jones Expressway (I-520). The building is suitable for either retail or office use and features a design without interior loadbearing walls. Its C-2 zoning permits most retail and office uses. The property benefits from grandfathered signage rights and includes a billboard. Parking is available on two sides of the building, and there is rear access to Columbia Road. The Washington Road location provides access to a traffic flow of over 35,000 cars per day. This location is suitable for any retail or office type use that benefits from high visibility and exposure.
    Location Intelligence

    Current Use by Public Records

    MedTrust, Inc. Legal Services Donna R. Okeefe, ... Physician Mastermind Escape Games ... Arcade & Gaming Center Carter Electric Co ... Electrical Service Bravo Electric General Contractor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Columbia
    State
    Georgia
    Longitude
    -82.1013
    Latitude
    33.5098

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Augusta Second-Story Office Space

      Second-story office space in downtown Augusta available for lease.
      436 Greene Street unit: B, Augusta, GA 30901
      View Details
    • Contact for pricing

      Updated Office Space with Courtyard

      Recently updated office space with private entrance and courtyard.
      3540 Wheeler Road unit: 201, Augusta, GA 30909
      View Details
    • Contact for pricing

      Retail Space on Columbia Road

      1400 sqft commercial space for lease on Columbia Rd.
      4127 Columbia Road, Augusta, GA 30907
      View Details
    • Contact for pricing

      Augusta Commercial Flex Space Available

      Flex space with office and warehouse in Augusta, GA.
      1609 Hartrich Road, Augusta, GA 30906
      View Details
    • $20/mo

      Class A Office/Retail Space

      Excellent location with easy access to Interstate 20.
      3152 Perimeter Parkway, Augusta, GA 30909
      View Details
    • Contact for pricing

      Office Suite in Martinez, GA

      Office suite for rent in a convenient location.
      4210 Columbia Road, Augusta, GA 30907
      View Details
    • $18/mo

      Class A Office Space Available

      Class A office space with flexible layout and I-20 exposure.
      3150 Perimeter Pkwy, Augusta, GA 30909
      View Details
    • $12/mo

      Renovated Office Suites For Rent

      Two-building property with renovated office suites available for rent.
      2531 Center West Pkwy, Augusta, GA 30909
      View Details
    • $12/mo

      Subdividable Office Space For Rent

      Subdividable office space with open parking in central Columbia County.
      4487 Columbia Rd, Augusta, GA 30907
      View Details
    • Contact for pricing

      Class A Executive Office Space

      Executive offices for lease with shared amenities and convenient location.
      1100 Frazier Drive, Augusta, GA 30909
      View Details
    • Sponsored
      Contact for pricing

      GA, Augusta - Broad St

      823 Broad Street Ext, Unit Augusta Georgia United States of America 30901, Augusta, GA 30901
      View Details
    • $18/mo

      Class A Office Space Available

      Two office units available for lease in West Augusta.
      3154 Perimeter Pkwy, Augusta, GA 30909
      View Details

    FAQs

    What type of property is this?
    Retail space - Up to 4,000 SF available in Martinez, high-traffic location.
    Where is this retail space located?
    The property is located at 3940 Washington Rd Augusta, GA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: High traffic location with over 35,000 cars/day.; Flexible C‑2 zoning allows most retail and office uses.; Up to 4,000 SF available with no interior loadbearing walls.
    (706) 736-1031 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Parker Dye
    Parker Dye
    Real Estate License ID: 357255
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!