Industrial Commercial Land with Existing
For Sale
$275,000
4041 Mike Padgett Highway, Augusta, GA 30906
Commercial Sale, Augusta, GA
Property Size1,836 SF
Lot Size5.32 Acres
Price / SF$149.78
Days on Market132
Property Features for 4041 Mike Padgett Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Parking features
Paved or Surfaced
Directions
off of Mike Padgett hwy in Augusta Ga
Standard status
Active
APN
1990001000
Size
1,836 SF
Lot size
5.32 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2773
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1968
Building materials
Brick, Vinyl Siding
Roof type
Composition
Listing Agency:
Forth & Bound Real Estate
Listed By:
Rebecca McGinty · License #76782
(706) 955-3392
Added: Jun 26
Changed: Oct 20
Last Checked: Nov 4 at 5:06AM
MLS# 100584570
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5.32-acre commercial land parcel includes an existing 1,836-square-foot home that may support office, rental, or live-work use. The residence was built in 1968 and features brick and vinyl siding, central air, a composition roof, paved or surfaced parking, public water, and public sewer. The property is offered as-is through an REO sale.
Located at 4041 Mike Padgett Highway in Augusta, Georgia, the site has highway frontage and direct access along the corridor. Industrial zoning and the sizable land area provide room for parking, expansion, or additional structures, subject to applicable approvals. The address is in Richmond County and carries a 30906 postal code.
Located at 4041 Mike Padgett Highway in Augusta, Georgia, the site has highway frontage and direct access along the corridor. Industrial zoning and the sizable land area provide room for parking, expansion, or additional structures, subject to applicable approvals. The address is in Richmond County and carries a 30906 postal code.
Key Highlights
- 5.32 acres of commercial land
- Existing 1,836‑square‑foot home on site
- Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,307
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,140
$446.1K
Cap Rate 7%
$318,671
$318.7K
Cap Rate 9%
$247,856
$247.9K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$39.7K $21.60/SF
− Vacancy
−$4.0K −$2.16/SF
EGI
$35.7K $19.44/SF
− OpEx
−$13.4K −$7.29/SF
NOI
$22.3K $12.15/SF
Area
Augusta, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,140
Cap Rate 7%
$318,671
Cap Rate 9%
$247,856
Alternative Uses
Best Use
Office B
$401.3K
$351.1K – $468.2K
NOI $28,091 @ 7.0% cap · market cap 10.21%
Second Best
Mixed Use
$318.7K
$278.8K – $371.8K
NOI $22,307 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$579.5K
$507.1K – $676.1K
NOI $40,566 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Industrial-zoned acreage includes an existing home suitable for office or live-work use.
Where is this commercial land located?
The property is located at 4041 Mike Padgett Highway Augusta, GA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 5.32 acres of commercial land; Existing 1,836‑square‑foot home on site; Industrial zoning
