Medical Office Building For
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4106 Columbia Rd, Augusta, GA 30907
Multi-tenant medical office investment property in Martinez, Georgia.
Property Size25,282 SF
Lot Size1.82 Acres
Price / SF$172.26
Days on Market174
Property Features for 4106 Columbia Rd
General Information
Standard status
Active
Size
25,282 SF
Class
B
Lot size
1.82 Acres
Property subtype
Office
Zoning
C-2
Occupancy
95%
Net Operating Income
$304,800
Building Details
Year Built
1992
Year Renovated
2022
Stories
2
Units
6
Tenancy
Single
Listing Agency:
Meybohm Commercial
(706) 863-8182
Listed By:
Jordan Collier · License #GA 354980
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Jul 15 at 10:15PM
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 Meybohm Commercial
Investment Insights
Based on property information with market context.
The Columbia County Medical Center is a multi-tenant medical office building located at 4106 Columbia Road in Martinez, Georgia. The property contains approximately 25,282 square feet of space and is situated on approximately 1.82 acres at a signalized intersection with direct access from both Columbia Road and Flowing Wells Road. This location provides visibility and accessibility along a primary commercial corridor. Columbia Road has traffic volumes exceeding approximately 19,000 vehicles per day. Originally constructed in 1992, the property was substantially renovated in 2022. The surrounding area has a population of more than approximately 187,000 residents within a 15-minute drive and median household incomes exceeding $76,000.
Key Highlights
- Strategic location at a prominent, signalized intersection with high visibility and direct access from two main roads (Columbia Road and Flowing Wells Road).
- Substantially renovated in 2022, offering a refreshed and modernized clinical environment.
- Located in a strong demographic area with a large population (±187,000 residents within a 15‑minute drive) and high median household incomes (exceeding $76,000).
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
$386,815
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
8.88%
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%
$7,736,300
$7.7M
Cap Rate 7%
$5,525,929
$5.5M
Cap Rate 9%
$4,297,944
$4.3M
Market Conditions
NOI Build-Up for 25,282 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
$606.8K $24.00/SF
− Vacancy
−$91.0K −$3.60/SF
EGI
$515.8K $20.40/SF
− OpEx
−$128.9K −$5.10/SF
NOI
$386.8K $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 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%
$7,736,300
Cap Rate 7%
$5,525,929
Cap Rate 9%
$4,297,944
Alternative Uses
Best Use
Office B
$5.53M
$4.84M – $6.45M
NOI $386,815 @ 7.0% cap · market cap 8.88%
Second Best
Healthcare Medical
$5.26M
$4.61M – $6.14M
NOI $368,430 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$7.98M
$6.98M – $9.31M
NOI $558,600 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30907, GA
50,964
Population
22,219
Households
2.3
Avg Household Size
39
Median Age
39%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
2,115
Density / Sq Mi
$83,349
Median Household Income
$45,692
Median Earnings
$1,211
Median Rent
$232,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Multi-tenant medical office investment property in Martinez, Georgia.
Where is this medical office space located?
The property is located at 4106 Columbia Rd Augusta, GA.
What is the asking price?
The asking price for this property is $4,355,000.
What are key features of this property?
This property features: Strategic location at a prominent, signalized intersection with high visibility and direct access from two main roads (Columbia Road and Flowing Wells Road).; Substantially renovated in 2022, offering a refreshed and modernized clinical environment.; Located in a strong demographic area with a large population (±187,000 residents within a 15‑minute drive) and high median household incomes (exceeding $76,000).
