Five-Suite Office
For Sale
$699,000
4919 Augusta Road, Garden City, GA 31408
Established tenants occupy the offices, with on-site parking available for staff and visitors.
Property Size3,630 SF
Price / SF$192.56
Days on Market17
Property Features for 4919 Augusta Road
General Information
Standard status
Active
Size
3,630 SF
Property subtype
Commercial
Zoning
C2
Additional Details
Office Units
5
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,566
Building Details
Building Size
3,630 SF
Year Built
1973
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Next Move Real Estate LLC
(912) 295-5807
Listed By:
Carmen H. Cribbs · License #142967
(912) 663-6683
Source:
Duffusrealty
Added: Oct 13
Changed: Oct 26
Last Checked: Oct 26 at 3:43AM
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 Next Move Real Estate LLC
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Investment Insights
Based on property information with market context.
The 3,630-square-foot office building contains five separate office suites and was built in 1973. Interior and exterior paint have been refreshed, and parking is available on site. Multiple tenants have occupied the property for several years, providing an established tenancy profile.
Located at 4919 Augusta Rd in Garden City, the property offers a central setting within the city.
Located at 4919 Augusta Rd in Garden City, the property offers a central setting within the city.
Key Highlights
- Five separate office spaces
- 3,630 square feet; built in 1973
- Tenants have occupied the building for multiple years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,467
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,340
$1.0M
Cap Rate 7%
$720,957
$721.0K
Cap Rate 9%
$560,744
$560.7K
Market Conditions
NOI Build-Up for 3,630 SF
Gross rent
$80.6K $22.20/SF
− Vacancy
−$13.3K −$3.66/SF
EGI
$67.3K $18.54/SF
− OpEx
−$16.8K −$4.63/SF
NOI
$50.5K $13.90/SF
Area
Chatham County, GA
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,340
Cap Rate 7%
$720,957
Cap Rate 9%
$560,744
Alternative Uses
Best Use
Office B
$721.0K
$630.8K – $841.1K
NOI $50,467 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.39M
$2.97M – $3.96M
NOI $237,473 @ 7.0% cap · market cap 33.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Established tenants occupy the offices, with on-site parking available for staff and visitors.
Where is this office building located?
The property is located at 4919 Augusta Road Garden City, GA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Five separate office spaces; 3,630 square feet; built in 1973; Tenants have occupied the building for multiple years
