Retail Storefront with C-2
For Sale
Contact for pricing
4408 Augusta Road, Garden City, GA 31408
Commercial storefront building on a C-2 zoned site with an additional parcel, totaling about 0.87 acres.
Property Size5,704 SF
Lot Size0.87 Acres
Price / SF$162.17
Days on Market50
Property Features for 4408 Augusta Road
General Information
Standard status
Active
Size
5,704 SF
Class
B
Lot size
0.87 Acres
Property subtype
Retail
Zoning
C-2
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1946
Year Renovated
1970
Buildings
1
Stories
1
Units
4
Listing Agency:
Best Business Brokers
Listed By:
Dean Burnette · License #GA 335135
Source:
Crexi
Added: Jul 17
Changed: Sep 2
Last Checked: Aug 29 at 11:51AM
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 Best Business Brokers
Investment Insights
Based on property information with market context.
The property includes a 5,704 SF commercial building built in 1946, with an effective year built of 1970, situated on a 0.47-acre C-2 zoned parcel. The offering also includes an additional 0.3996-acre parcel on Brampton Rd, creating a combined total of approximately 0.87 acres.
The site is located at 4408 Augusta Rd (US-17) in Garden City, GA, with direct frontage along Augusta Rd/US-17. The property benefits from visibility on a heavily traveled westside corridor and is positioned in proximity to the expanding port-related economy referenced in the remarks.
This dual-parcel configuration provides a single consolidated commercial holding with C-2 zoning for compatible commercial uses, supporting both owner-user occupancy and investor considerations based on the seller’s positioning.
The site is located at 4408 Augusta Rd (US-17) in Garden City, GA, with direct frontage along Augusta Rd/US-17. The property benefits from visibility on a heavily traveled westside corridor and is positioned in proximity to the expanding port-related economy referenced in the remarks.
This dual-parcel configuration provides a single consolidated commercial holding with C-2 zoning for compatible commercial uses, supporting both owner-user occupancy and investor considerations based on the seller’s positioning.
Key Highlights
- 5,704 SF commercial building built in 1946 (effective year built 1970) on a C‑2 zoned parcel
- Total combined site area of approx. 0.87 acres with 0.47 AC main parcel plus 0.3996 AC additional Brampton Rd parcel
- Dual‑parcel configuration with frontage along Augusta Rd / US‑17 for direct access and visibility
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
$64,750
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
7.00%
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%
$1,295,000
$1.3M
Cap Rate 7%
$925,000
$925.0K
Cap Rate 9%
$719,444
$719.4K
Market Conditions
NOI Build-Up for 5,704 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
$99.2K $17.40/SF
− Vacancy
−$6.7K −$1.18/SF
EGI
$92.5K $16.22/SF
− OpEx
−$27.8K −$4.87/SF
NOI
$64.8K $11.35/SF
Area
Chatham County, GA
Vacancy
6.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,295,000
Cap Rate 7%
$925,000
Cap Rate 9%
$719,444
Alternative Uses
Best Use
Retail
$925.0K
$809.4K – $1.08M
NOI $64,750 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.33M
$4.66M – $6.22M
NOI $373,153 @ 7.0% cap · market cap 40.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
144k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 40%
Groceries 12%
Hotels & Casinos 2%
McDonald's
Dining
18,538 visits/mo
0.2 miles
Food Lion Grocery Store
Groceries
17,167 visits/mo
0.4 miles
Parker's Kitchen
Shops & Services
16,665 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
8,739 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
7,470 visits/mo
0.5 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
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial storefront building on a C-2 zoned site with an additional parcel, totaling about 0.87 acres.
Where is this retail space located?
The property is located at 4408 Augusta Road Garden City, GA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 5,704 SF commercial building built in 1946 (effective year built 1970) on a C‑2 zoned parcel; Total combined site area of approx. 0.87 acres with 0.47 AC main parcel plus 0.3996 AC additional Brampton Rd parcel; Dual‑parcel configuration with frontage along Augusta Rd / US‑17 for direct access and visibility
