Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    509 Georgia Ave North Augusta, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in high-traffic downtown North Augusta near stadium.

    Type:RETAIL
    Property size:
    2,130 SF
    Lot size:
    0.13 Acres
    Added:
    Nov 8, 2022
    Days on Market:
    1269
    Last Refresh:
    Apr 5 at 11:28 pm

    Property Features for 509 Georgia Ave

    General Information

    Standard status
    Active
    Size
    2,130 SF
    Lot size
    0.13 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 509 Georgia Ave Contact us

    We can help!

    Listing Contact
    Chris Farrow
    Chris Farrow

    Listing agent Chris Farrow License #303817

    Listing office Sherman & Hemstreet - Augusta

    Listing date Nov 8, 2022

    Source Moodyscre

    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 - Augusta

    Overview

    Downtown North Augusta Retail Space

    This 2,130 square foot street retail building is available for lease in downtown North Augusta. Situated on Georgia Avenue, the property is in the heart of retail activity and less than 1 mile from the Greenjackets stadium and the 13th street bridge. The location benefits from high foot traffic and is surrounded by restaurants and professional offices. Public street parking is available. The area is active with desert shops, ice cream shops, hair salons, and other retail businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Affordable Cash Loans Loan Service Car's Cash For Junk ... Discount Store Emergency Dental ASC Dental Office Town Square Olive ... Specialty Food Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Augusta
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.9702
    Latitude
    33.4942

    Nearby Similar for Lease

    • $3,500/Mo

      North Augusta Restaurant Space Available

      Former restaurant for lease in high-demand North Augusta area.
      220 Georgia Avenue, North Augusta, SC 29841
      View Details
    • $3,500/Mo

      Restaurant Space in North Augusta

      Restaurant space near downtown North Augusta, ready for equipment.
      220 Georgia Avenue, North Augusta, SC 29841
      View Details
    • $6 SF/Yr

      Retail Space Near Major Highway

      Large retail space available near Georgia and South Carolina border.
      5979 Jefferson Davis Hwy., North Augusta, SC 29841
      View Details
    • $19 SF/Yr

      North Augusta Office Space Available

      Office space available for lease in North Augusta, SC.
      400 West Ave, North Augusta, SC
      View Details
    • $12 SF/Yr

      North Augusta Office Space Available

      Office space available for lease in North Augusta, SC.
      1147 Georgia Ave, North Augusta, SC
      View Details
    • Contact for pricing

      Retail Space in North Augusta

      Dominant shopping center with excellent access and parking.
      314 East Martintown Road, North Augusta, SC
      View Details
    • Contact for pricing

      Industrial Property in North Augusta

      Industrial property available for rent in North Augusta, SC.
      760 Belvedere Clearwater Rd, North Augusta, SC
      View Details
    • Contact for pricing

      North Augusta Specialty Property

      Specialty property available for rent in North Augusta, SC.
      Martintown Road, North Augusta, SC 29841, North Augusta, SC
      View Details
    • Contact for pricing

      Retail Space in North Augusta

      Retail spaces available in North Augusta, South Carolina.
      406 E Martintown Rd, North Augusta, SC
      View Details
    • Contact for pricing

      Versatile Industrial/Flex Space Available

      13,120 SF industrial/flex building for lease near I-520.
      10352 Atomic Rd, North Augusta, SC 29841
      View Details
    • $6 SF/Yr

      North Augusta Retail Opportunity

      103,000 SF retail property on 18 acres in North Augusta.
      5955-5979 Jefferson Davis Hwy, North Augusta, SC
      View Details
    • Contact for pricing

      Retail and Office Suites Available

      Retail and office suites for lease in North Augusta.
      519 Belvedere Clearwater Rd, North Augusta, SC 29841
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in high-traffic downtown North Augusta near stadium.
    Where is this retail space located?
    The property is located at 509 Georgia Ave North Augusta, SC.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: High foot traffic location on Georgia Avenue in Downtown North Augusta.; 2,130 square foot street retail building available for lease.; Proximity to the Greenjackets stadium.
    (706) 722-8334 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Farrow
    Chris Farrow
    Real Estate License ID: 303817
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!