Office Building With
New
For Sale
$349,000
585 E Robinson Avenue, Grovetown, GA 30813
Commercial Sale, Grovetown, GA
Property Size1,881 SF
Lot Size0.45 Acres
Price / SF$185.54
Days on Market3
Property Features for 585 E Robinson Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
General Commercial
Parking
14
Interior features
Entrance Foyer
Fencing
Chain Link, Fenced
Basement
Crawl Space
Lot features
Corner Lot, Landscaped, Level, Corner Lot, Landscaped, Level
Directions
From Gordon Highway, go north on East Robinson Avenue. Property will be on the right at the corner of Selkirk Way.
Subdivision
Not Aiken County
Standard status
Active
APN
G18 007
Size
1,881 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Description
lot 7
Legal Description
lot 7
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1987
Floors in Building
2
Flooring type
Carpet, Laminate, Vinyl, Hardwood
Building materials
Drywall, Frame, Vinyl Siding
Roof type
Shingle, Composition
Listing Agency:
Newman Real Estate
(803) 474-2584
Listed By:
Robert Dean Newman
(706) 339-4379
Added: Aug 27
Last Checked: Aug 29 at 3:06AM
MLS# 225199
Copyright © 2026 Aiken Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,881-square-foot office building at 585 E Robinson Avenue includes a reception area, two large offices, kitchen, and bathroom. An approximately 600-square-foot apartment occupies the upper level and includes a living room, two bedrooms, kitchen, and bathroom. Separate side access and separately metered electricity allow the residential portion to function independently from the office. The property is built on a 0.45-acre corner lot with 14 dedicated parking spaces and a prominent pole sign. A roof installed approximately one year ago is among the recent improvements. The building was constructed in 1987 and has public water and sewer service, central air, forced-air heating, vinyl siding, and a composition shingle roof.
Located on East Robinson Avenue in Grovetown, the property is approximately 2.3 miles from Gate 6 at Fort Gordon and 3.2 miles from Interstate 20. The roadway carries more than 15,000 vehicles per day, while nearby commercial and residential development adds to the surrounding context. Zoning is General Commercial.
Located on East Robinson Avenue in Grovetown, the property is approximately 2.3 miles from Gate 6 at Fort Gordon and 3.2 miles from Interstate 20. The roadway carries more than 15,000 vehicles per day, while nearby commercial and residential development adds to the surrounding context. Zoning is General Commercial.
Key Highlights
- 1,881‑square‑foot office with reception area, two offices, kitchen, and bathroom
- Approximately 600‑square‑foot upstairs apartment with two bedrooms and separate side access
- 0.45‑acre corner lot with 14 dedicated parking spaces and a prominent pole sign
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
$28,779
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
8.25%
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%
$575,580
$575.6K
Cap Rate 7%
$411,129
$411.1K
Cap Rate 9%
$319,767
$319.8K
Market Conditions
NOI Build-Up for 1,881 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
$45.1K $24.00/SF
− Vacancy
−$6.8K −$3.60/SF
EGI
$38.4K $20.40/SF
− OpEx
−$9.6K −$5.10/SF
NOI
$28.8K $15.30/SF
Area
Columbia County, GA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$575,580
Cap Rate 7%
$411,129
Cap Rate 9%
$319,767
Alternative Uses
Best Use
Office B
$411.1K
$359.7K – $479.7K
NOI $28,779 @ 7.0% cap · market cap 8.25%
Second Best
Mixed Use
$326.5K
$285.7K – $380.9K
NOI $22,854 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$593.7K
$519.5K – $692.7K
NOI $41,560 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 30813, GA
49,376
Population
18,626
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
50.4 sq mi
ZIP Area
980
Density / Sq Mi
$83,890
Median Household Income
$49,871
Median Earnings
$1,404
Median Rent
$270,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Corner-lot office property with separate residential access, dedicated parking, and prominent roadside signage.
Where is this office building located?
The property is located at 585 E Robinson Avenue Grovetown, GA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,881‑square‑foot office with reception area, two offices, kitchen, and bathroom; Approximately 600‑square‑foot upstairs apartment with two bedrooms and separate side access; 0.45‑acre corner lot with 14 dedicated parking spaces and a prominent pole sign
