Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Building on Martintown Road Title is generated by Realmo AI

    523 E Martintown Rd, North Augusta, SC 29841

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial building on busy road, ideal for retail.

    Type:Retail
    Property size:
    4,264 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $170/SF
    Added:
    Feb 6, 2024
    Days on Market:
    850
    Last Refresh:
    May 12 at 9:26 pm

    Property Features for 523 E Martintown Rd

    General Information

    Standard status
    Active
    Size
    4,264 SF
    Lot size
    0.42 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Robert McCrary

    Listing agent Robert McCrary License #GA 434698

    Listing office Jordan Trotter Commercial Real Estate

    Listing date Feb 6, 2024

    Source Crexi

    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 Jordan Trotter Commercial Real Estate

    HighLights

    • High‑traffic corner location on Martintown Road (24,100 VPD) near Atomic Road (25,000 VPD).
    • Excellent visibility and access on North Augusta's main retail corridor.
    • 4,264 SF commercial building suitable for QSR, coffee shop, or retail.
    • Located near national and regional businesses like Wendy’s, AutoZone and KFC.
    • Features open retail space, rear storage, office, and restroom.
    • Option to purchase adjacent 0.42‑acre parcel for expansion or additional parking.

    Overview

    This corner commercial property is located on Martintown Road, which has a traffic volume of 24,100 vehicles per day, near the intersection of Atomic Road, which sees 25,000 vehicles per day. The property offers visibility and access on the main retail corridor in North Augusta, SC. Neighboring businesses include Sprint Foods, Wendy’s, Freddy’s Frozen Custard & Steakburgers, KFC, AutoZone, and Krystal, along with other regional and national businesses. The 4,264 square foot commercial building is currently operated as a retail business. The interior features open retail space with rear storage, an office, and a restroom area. The exterior of the building is brick with a commercial glass storefront and includes 23 parking spaces. This location is suitable for a quick-service restaurant, coffee shop, or other retail space. The property owner also owns the 0.42-acre parcel directly behind the subject property and is willing to sell it, making it suitable for expansion or additional parking.

    Local Financial Insights For Retail

    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 $61.4k $14.40
    − Vacancy −$2.6k −$0.60
    EGI $58.8k $13.80
    − OpEx −$17.6k −$4.14
    NOI $41.2k $9.66
    4,264 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $588.2K
    $514.7K – $686.3K (±1% cap)
    NOI $41,176 @ 7.0% cap · market cap 5.68%
    Second Best
    Specialty Retail
    $176.3K
    $154.2K – $205.7K (±1% cap)
    NOI $12,339 @ 7.0% cap · market cap 1.70%
    Theoretical Best
    Office A
    $821.9K
    $719.2K – $958.9K (±1% cap)
    NOI $57,533 @ 7.0% cap · market cap 7.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fireworks Superstore Discount Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    -81.955701
    Latitude
    33.493699

    Nearby Similar for Sale

    • $169,900
      1,750 SF

      North Augusta Commercial Opportunity

      Commercial property suitable for a roadside pub or sports bar.
      732 E Buena Vista Avenue, North Augusta, SC 29841
      View Details
    • $2,625,000
      29,197 SF

      Leased Townhome Portfolio in North Augusta

      Portfolio of 15 fully leased townhomes in North Augusta, SC.
      2 Teal Court, North Augusta, SC 29841
      View Details
    • $386,000
      3,095 SF

      North Augusta Four-Unit Income Property

      Fully leased four-unit property near downtown North Augusta, SC.
      308 Belvedere Clearwater Road, North Augusta, SC 29841
      View Details
    • $1,200,000
      6,380 SF

      Renovated Office Building in North Augusta

      Two-story office building in a rapidly expanding area.
      332 Edgefield Rd, North Augusta, SC 29841
      View Details
    • $1,200,000
      6,380 SF

      Renovated Office Building in Belvedere

      Professionally managed, renovated office building in North Augusta's Belvedere area.
      332 Edgefield Road, North Augusta, SC 29841
      View Details
    • $1,200,000
      6,380 SF

      Professionally Managed Office Building

      Two-story office building in North Augusta with recent renovations.
      332 Edgefield Road, North Augusta, SC 29841
      View Details
    • $350,000
      4,600 SF

      Flex Property Auto Repair Shop

      4600 sq ft flex property currently an auto repair shop.
      551 Edgefield Rd, North Augusta, SC
      View Details
    • $2,625,000
      29,197 SF

      Leased Townhome Portfolio in Augusta

      Portfolio of 15 leased townhomes in North Augusta.
      2 Teal Court, North Augusta, SC 29841
      View Details
    • $147,500

      Corner Lot in Hammond's Ferry

      Desirable corner lot near SRP Ball Park and restaurants.
      Railroad Avenue lot: 12, North Augusta, SC 29841
      View Details
    • $4,500,000
      117,314 SF

      North Augusta Four-Story Office Building

      117,314 SF office building on 35.6 acres in North Augusta.
      802 E Martintown Rd, North Augusta, SC
      View Details
    • $2,076,923
      2,900 SF

      Wendy's Restaurant For Sale

      Wendy's restaurant in North Augusta, South Carolina available for purchase.
      517 E Martintown Rd, North Augusta, SC 29841
      View Details
    • $725,000
      4,264 SF

      Retail Property on Corner Lot

      Retail property with high visibility on a corner lot.
      523 E Martintown Rd, North Augusta, SC
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial building on busy road, ideal for retail.
    Where is this retail space located?
    The property is located at 523 E Martintown Rd North Augusta, SC.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: High‑traffic corner location on Martintown Road (24,100 VPD) near Atomic Road (25,000 VPD).; Excellent visibility and access on North Augusta's main retail corridor.; **4,264 SF commercial building suitable for QSR, coffee shop, or retail.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert McCrary
    Real Estate License ID: GA 434698
    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

    Thank You for Inquiry
    523 E Martintown Rd, North Augusta, SC 29841
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!