Office Building Ready for
For Sale
$850,000
425 Furys Ferry Road, Augusta, GA 30907
Corner property with completed predevelopment work and a newly installed insulated roof.
Property Size4,900 SF
Lot Size0.77 Acres
Price / SF$173.47
Days on Market190
Property Features for 425 Furys Ferry Road
General Information
Standard status
Active
Size
4,900 SF
Lot size
0.77 Acres
Property subtype
General Commercial
Property Condition
Severity
Major Repairs Needed
Evidence
taken down to the studs
Land
Land Use
commercial
Entitled
Yes
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,273
Amenities
3
Concrete
Parking.
Lot.
20037.599609375
In City.
Building Details
Year Built
1965
Building Size
4,900 SF
Listing Agency:
Douglas Lane Real Estate Group
(706) 564-3532
Listed By:
Marlene Douglas · License #172218
(706) 564-3532
Source:
Xome
Added: Feb 22
Changed: Aug 31
Last Checked: Aug 31 at 12:41AM
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 Douglas Lane Real Estate Group
Investment Insights
Based on property information with market context.
This office building at 425 Furys Ferry Road includes approximately 4,900 square feet and is configured for a complete interior renovation. The interior has been stripped to the studs, while a new roof with 4-inch insulation is in place. The existing structure dates to 1965, and the open interior may support a redesigned office or medical layout.
The property occupies approximately 0.77 acres formed by combining two parcels. It sits at the corner of Furys Ferry Road and Boller Road in Augusta, Georgia, near Publix, Queensborough Bank, Wells Fargo, retail shops, restaurants, medical spas, and medical specialists.
Predevelopment work includes an approved setback variance, architectural, civil, and MEP documents, and design concepts. A general contractor has also been secured. The property is positioned for professional services office use or development as a medical facility.
The property occupies approximately 0.77 acres formed by combining two parcels. It sits at the corner of Furys Ferry Road and Boller Road in Augusta, Georgia, near Publix, Queensborough Bank, Wells Fargo, retail shops, restaurants, medical spas, and medical specialists.
Predevelopment work includes an approved setback variance, architectural, civil, and MEP documents, and design concepts. A general contractor has also been secured. The property is positioned for professional services office use or development as a medical facility.
Key Highlights
- Approximately 4,900 square feet in an office building ready for full renovation
- Approximately 0.77 acres across two combined parcels
- New roof with 4‑inch insulation
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
$74,970
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
8.82%
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%
$1,499,400
$1.5M
Cap Rate 7%
$1,071,000
$1.1M
Cap Rate 9%
$833,000
$833.0K
Market Conditions
NOI Build-Up for 4,900 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
$117.6K $24.00/SF
− Vacancy
−$17.6K −$3.60/SF
EGI
$100.0K $20.40/SF
− OpEx
−$25.0K −$5.10/SF
NOI
$75.0K $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%
$1,499,400
Cap Rate 7%
$1,071,000
Cap Rate 9%
$833,000
Alternative Uses
Best Use
Office B
$1.07M
$937.1K – $1.25M
NOI $74,970 @ 7.0% cap · market cap 8.82%
Second Best
Healthcare Medical
$1.02M
$892.6K – $1.19M
NOI $71,407 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,264 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - Corner property with completed predevelopment work and a newly installed insulated roof.
Where is this office building located?
The property is located at 425 Furys Ferry Road Augusta, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately 4,900 square feet in an office building ready for full renovation; Approximately 0.77 acres across two combined parcels; New roof with 4‑inch insulation
