Restaurant Building With Fire
For Sale
$550,000
4118 Augusta Rd, Garden City, GA 31408
Existing restaurant property requiring evaluation following fire-related damage.
Property Size1,252 SF
Price / SF$439.30
Days on Market55
Property Features for 4118 Augusta Rd
General Information
Standard status
Active
Size
1,252 SF
Property Condition
Severity
Major Repairs Needed
Evidence
fire damage
Building Details
Year Built
1920
Listing Agency:
Keller Williams Coastal Area P
Listed By:
Deborah Haupt · License #361655
(912) 695-1376
Source:
Bradberrygarnerrealestate
Added: Aug 14
Changed: Oct 6
Last Checked: Oct 5 at 11:06PM
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 Keller Williams Coastal Area P
Investment Insights
Based on property information with market context.
This conventional restaurant property at 4118 Augusta Rd in Garden City, Georgia, was built in 1920 and has experienced fire damage. The condition of the improvements should be evaluated as part of any acquisition review.
The property is located in the 31408 ZIP code and is offered for sale.
The property is located in the 31408 ZIP code and is offered for sale.
Key Highlights
- Conventional restaurant property at 4118 Augusta Rd, Garden City, GA 31408
- Built in 1920
- Property has experienced fire damage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,570
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,400
$351.4K
Cap Rate 7%
$251,000
$251.0K
Cap Rate 9%
$195,222
$195.2K
Market Conditions
NOI Build-Up for 1,252 SF
Gross rent
$24.8K $19.80/SF
− Vacancy
−$1.4K −$1.09/SF
EGI
$23.4K $18.71/SF
− OpEx
−$5.9K −$4.68/SF
NOI
$17.6K $14.03/SF
Area
Chatham County, GA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,400
Cap Rate 7%
$251,000
Cap Rate 9%
$195,222
Alternative Uses
Best Use
Specialty Retail
$251.0K
$219.6K – $292.8K
NOI $17,570 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.17M
$1.02M – $1.37M
NOI $81,905 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
88k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 24%
Groceries 20%
Hotels & Casinos 3%
Food Lion Grocery Store
Groceries
17,167 visits/mo
0.0 miles
Parker's Kitchen
Shops & Services
16,665 visits/mo
0.2 miles
Burger King
Dining
7,401 visits/mo
0.2 miles
KFC
Dining
7,301 visits/mo
0.4 miles
Bank of America
Shops & Services
5,069 visits/mo
0.4 miles
Demographics for 31408, GA
11,790
Population
4,529
Households
2.6
Avg Household Size
36
Median Age
13%
College-Educated
82%
High-School Grad
21.1 sq mi
ZIP Area
559
Density / Sq Mi
$40,109
Median Household Income
$30,667
Median Earnings
$1,080
Median Rent
$160,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Chinatown Buffet — 309 US-80, Savannah, GA 31408
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant property requiring evaluation following fire-related damage.
Where is this conventional restaurant located?
The property is located at 4118 Augusta Rd Garden City, GA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Conventional restaurant property at 4118 Augusta Rd, Garden City, GA 31408; Built in 1920; Property has experienced fire damage
