Restaurant Building with Fire
New
For Sale
$550,000
4118 Augusta Road, Garden City, GA 31408
SINGLE_FAMILY - Garden City, GA
Property Size1,252 SF
Lot Size0.19 Acres
Price / SF$439.30
Days on Market2
Property Features for 4118 Augusta Road
General Information
Property type
Residential
Property subtype
Retail
Zoning
C2
Appliances
No Hot Water, Some Commercial Grade
Directions
From Savannah drive into Garden City on Augusta Rd. The property will be on the right.
Standard status
Active
APN
6001507006
Size
1,252 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT OF LT 3 LAMAR TCT AUGUSTA RD
Tax Annual Amount
1484
Legal Description
PT OF LT 3 LAMAR TCT AUGUSTA RD
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1920
Floors in Building
1
Listing Agency:
Keller Williams Coastal Area P · Keller Williams Realty
(912) 356-5001
Listed By:
Deborah Haupt · License #361655
(912) 695-1376
Added: Aug 10
Last Checked: Aug 11 at 12:06AM
MLS# SA362335
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.
Investment Insights
Based on property information with market context.
This 1,252-square-foot restaurant property occupies a 0.19-acre parcel and dates to 1920. The building has suffered fire damage and includes some commercial-grade appliances; no hot water is available. C2 zoning supports its identified restaurant classification.
The property is served by public water and public sewer. Located at 4118 Augusta Road in Garden City, Georgia, the site offers a defined commercial address for a restaurant-related redevelopment or rehabilitation project.
The property is served by public water and public sewer. Located at 4118 Augusta Road in Garden City, Georgia, the site offers a defined commercial address for a restaurant-related redevelopment or rehabilitation project.
Key Highlights
- 1,252‑square‑foot restaurant property on a 0.19‑acre parcel
- C2 zoning
- Fire damage requiring rehabilitation
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
$17,570
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
3.19%
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%
$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
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
$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 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%
$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
Retail
$203.0K
$177.7K – $236.9K
NOI $14,212 @ 7.0% cap · market cap 2.58%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
32k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Circle K
Shops & Services
15,350 visits/mo
0.3 miles
Dollar General
Shops & Services
5,707 visits/mo
0.4 miles
H&R Block
Shops & Services
2,995 visits/mo
0.4 miles
Church's Chicken
Dining
2,237 visits/mo
0.3 miles
Pizza Hut
Dining
1,714 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Chinatown Buffet — 309 US-80, Savannah, GA 31408
Frequently Asked Questions
What type of property is this?
Conventional restaurant - C2-zoned restaurant property requiring rehabilitation following fire damage.
Where is this conventional restaurant located?
The property is located at 4118 Augusta Road 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: 1,252‑square‑foot restaurant property on a 0.19‑acre parcel; C2 zoning; Fire damage requiring rehabilitation
