Adjacent Historic Office
429 WALKER ST Augusta, GA 30901
429 WALKER ST, Augusta, GA, 30901
Contact for pricing
For Sale
Contact for pricing
Two fully leased historic office buildings with multiple long-term tenants and recent renovations.
Property Size5,472 SF
Price / SF$167.21
Days on Market13
Property Features for 429 WALKER ST
General Information
- Standard status
- Active
- Size
- 5,472 SF
- Property subtype
- Office
Building Details
- Year Built
- 1896
Listing Agency
Sherman & Hemstreet Real Estate Company
(706) 288-1077
Listed by
Joe Edge · License #GA 282262
Source
Crexi
Added: Jul 6 Checked: Jul 17 at 3:16 am
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 Sherman & Hemstreet Real Estate Company
Investment Insights
Based on property information with market context.
This offering includes two adjacent historic office buildings. 431 Walker Street features a renovated basement with four private office suites and additional restroom facilities, plus a main floor with private offices, reception and waiting area, and shared kitchenette and restrooms. The second floor offers two large offices, with access to the attic and HVAC equipment. 429 Walker Street has multiple historic renovations and is set up for modern office use, including a daylight basement with five private offices, a storage room, and a common hallway providing access to a rear loading ramp. The main floor is occupied by a long-established law firm, with access to a shared conference room, while the second and third floors and a small portion of the first floor are leased to another long-term law firm.
Located in downtown Augusta within established professional and government office districts, 429 Walker Street is within walking distance of the Richmond County Judicial Center, the Federal Justice Center, and the Augusta Municipal Building, along with numerous law firms and professional offices.
Collectively, the buildings present stable tenancy backed by long-term occupants and updated improvements, while maintaining historic architectural character.
Located in downtown Augusta within established professional and government office districts, 429 Walker Street is within walking distance of the Richmond County Judicial Center, the Federal Justice Center, and the Augusta Municipal Building, along with numerous law firms and professional offices.
Collectively, the buildings present stable tenancy backed by long-term occupants and updated improvements, while maintaining historic architectural character.
Key Highlights
- Two adjacent historic downtown Augusta office buildings, both fully leased to multiple long‑term tenants
- 431 Walker Street (3,905 SF) renovated in 2024 with a complete remodel of basement office suites
- 431 Walker Street features main‑floor private offices plus reception/waiting, shared kitchenette, and shared restrooms for 1st/2nd floors
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.3k | $24.00 |
| − Vacancy | −$19.7k | −$3.60 |
| EGI | $111.6k | $20.40 |
| − OpEx | −$27.9k | −$5.10 |
| NOI | $83.7k | $15.30 |
5,472 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,722 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $120,903 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Daniel W. Hamilton
Law Firm
John P. Manton ...
Law Firm
Glover, Blount & Kerr
Law Firm
Latimore Automotive LLC
Car Dealership
Augusta Concrete Co
Building Supply
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FAQs
What type of property is this?
Office building - Two fully leased historic office buildings with multiple long-term tenants and recent renovations.
Where is this office building located?
The property is located at 429 WALKER ST Augusta, GA.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Two adjacent historic downtown Augusta office buildings, both fully leased to multiple long‑term tenants; 431 Walker Street (3,905 SF) renovated in 2024 with a complete remodel of basement office suites; 431 Walker Street features main‑floor private offices plus reception/waiting, shared kitchenette, and shared restrooms for 1st/2nd floors
