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    404 E Martintown Rd North Augusta, SC 29841

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    For Lease
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    Retail and outparcel lease opportunities in North Augusta, South Carolina.

    Type:Retail
    Property size:
    15,000 SF
    Lot size:
    0.80 Acres
    Added:
    May 3, 2024
    Days on Market:
    715
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 404 E Martintown Rd

    General Information

    Standard status
    Active
    Size
    15,000 SF
    Lot size
    0.80 Acres
    Property subtype
    Retail

    Spaces For Lease

    at 404 E Martintown Rd Contact us

    We can help!

    Listing Contact
    Charlie Davis

    Listing agent Charlie Davis License #432526

    Listing office Jordan Trotter Commercial Real Estate

    Listing date May 3, 2024

    Source Crexi

    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

    Crossroads Market Retail Opportunity

    The Crossroads Market Shopping Center is situated in the primary retail area of North Augusta, South Carolina. Located on E Martintown Road, which experiences a daily traffic volume of 21,400 vehicles, and Knox Avenue, with 16,000 vehicles per day, the shopping center provides visibility and accessibility to downtown North Augusta and Augusta, as well as the surrounding suburban areas. This trade area is a central location for grocery and other shopping in North Augusta, South Carolina. Crossroads Market offers retail and outparcel lease opportunities. Available spaces include a 15,000-square-foot junior anchor tenant space and two outparcel opportunities ranging from 0.55 to 0.80 acres. Current tenants include Tires Plus, Great Clips, Metro Mobile, Republic Finance, Regional Finance, Sunrise Grill, Seiglers Karate Center, and Burger King.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sunrise Grill Restaurant Regional Finance Loan Service Tires Plus (Bike/Boat/Book/etc) Store Metro by T-Mobile Telecommunications Service Jimmy's Home Furnishings Furniture & Home Goods

    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.

    Similar Places Nearby

    • Hamrick's at North Augusta Plaza — 314 E Martintown Rd, North Augusta, SC 29841
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Atlanta, 1284 Knox Avenue, 1220 Knox Ave, North Augusta, SC 29841

    Location Insight

    • Map
    • Local Demand
    City
    North Augusta
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.974828
    Latitude
    33.510258

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    FAQs

    What type of property is this?
    Shopping center - Retail and outparcel lease opportunities in North Augusta, South Carolina.
    Where is this shopping center located?
    The property is located at 404 E Martintown Rd North Augusta, SC.
    What are key features of this property?
    This property features: Located in the heart of North Augusta's main retail hub.; High traffic volume: 21,400 VPD on E Martintown Road and 16,000 VPD on Knox Avenue.; Excellent visibility and accessibility to downtown North Augusta, Augusta, and surrounding suburbs.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Charlie Davis
    Real Estate License ID: 432526
    Learn More
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    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
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