High-Visibility C-2 Commercial
For Sale
Contact for pricing
4710 AUGUSTA RD, Garden City, GA 31408
C-2 zoned commercial site on Augusta Rd with a city-approved development plan for flexible redevelopment options.
Property Size1,445 SF
Price / SF$294.12
Days on Market53
Property Features for 4710 AUGUSTA RD
General Information
Standard status
Active
Size
1,445 SF
Property subtype
Retail, Office
Zoning
C-2
Investment Type
Owner/User
Site & Location
Traffic Count
44,600 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1970
Stories
1
Units
1
Tenancy
Single
Listing Agency:
NAI Mopper|Benton
(912) 704-4295
Listed By:
Rex Benton · License #GA 246053
Source:
Crexi
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 10 at 6:49AM
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 NAI Mopper|Benton
Investment Insights
Based on property information with market context.
The offering at 4710 Augusta Road is a high-visibility commercial site zoned C-2. The property benefits from a city-approved development plan already in place, and ownership is currently pursuing a permit to remove the existing structure. It can be sold either with the building in place or delivered cleared, giving buyers flexibility depending on whether they plan redevelopment, repositioning, or immediate occupancy.
The site is positioned along Augusta Road/US-17, which is described as one of the westside corridor’s most heavily traveled routes, with 44,600 AADT noted for the roadway. This traffic profile supports a broad tenant and user range where visibility and customer accessibility are important.
With C-2 zoning, the property supports a broad range of commercial uses, including retail, service, office, automotive, contractor, and light commercial operations. Buyers evaluating redevelopment or adaptive use may also appreciate the ability to choose an end state—retaining the existing structure or receiving the site cleared—based on their timeline and project plan.
The site is positioned along Augusta Road/US-17, which is described as one of the westside corridor’s most heavily traveled routes, with 44,600 AADT noted for the roadway. This traffic profile supports a broad tenant and user range where visibility and customer accessibility are important.
With C-2 zoning, the property supports a broad range of commercial uses, including retail, service, office, automotive, contractor, and light commercial operations. Buyers evaluating redevelopment or adaptive use may also appreciate the ability to choose an end state—retaining the existing structure or receiving the site cleared—based on their timeline and project plan.
Key Highlights
- High‑visibility commercial site on Augusta Rd (US‑17) with 44,600 AADT
- Zoned C‑2, allowing a broad range of commercial uses including retail, service, office, automotive, contractor, and light commercial operations
- City‑approved development plan in place for redevelopment
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
$16,403
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
3.86%
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%
$328,060
$328.1K
Cap Rate 7%
$234,329
$234.3K
Cap Rate 9%
$182,256
$182.3K
Market Conditions
NOI Build-Up for 1,445 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
$25.1K $17.40/SF
− Vacancy
−$1.7K −$1.18/SF
EGI
$23.4K $16.22/SF
− OpEx
−$7.0K −$4.87/SF
NOI
$16.4K $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%
$328,060
Cap Rate 7%
$234,329
Cap Rate 9%
$182,256
Alternative Uses
Best Use
Retail
$234.3K
$205.0K – $273.4K
NOI $16,403 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.35M
$1.18M – $1.58M
NOI $94,531 @ 7.0% cap · market cap 22.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
44,600 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
32k
Monthly Visits Nearby
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
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Frequently Asked Questions
What type of property is this?
Commercial land - C-2 zoned commercial site on Augusta Rd with a city-approved development plan for flexible redevelopment options.
Where is this commercial land located?
The property is located at 4710 AUGUSTA RD Garden City, GA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: High‑visibility commercial site on Augusta Rd (US‑17) with 44,600 AADT; Zoned C‑2, allowing a broad range of commercial uses including retail, service, office, automotive, contractor, and light commercial operations; City‑approved development plan in place for redevelopment
