Port Wentworth Commercial
For Sale
$675,000
630 Meinhard Rd, Port Wentworth, GA 31407
2.52 acre commercial property in a high-growth area.
Property Size1,916 SF
Lot Size2.52 Acres
Price / SF$352.30
Days on Market256
Property Features for 630 Meinhard Rd
General Information
Standard status
Active
Size
1,916 SF
Lot size
2.52 Acres
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Coast & Country RE Experts
Listed By:
Matthew Kessler · License #404004
(912) 429-2044
Source:
Searchgreateraugustahomes
Added: Jan 19
Changed: Oct 1
Last Checked: Oct 1 at 11:33AM
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 Coast & Country RE Experts
Investment Insights
Based on property information with market context.
This 2.52-acre commercial property is located in one of Port Wentworth's fastest-growing corridors. The high-visibility corner lot neighbors the upcoming City of Port Wentworth Amphitheater & Ghost Pirates Ice Cove and is minutes from I-95. The property has exceptional road frontage and has been recently rezoned C-1, offering substantial opportunity for a variety of uses. A 1,900 sqft commercial building is on site, making the site ready for move-in or redevelopment. The mobile home currently on the lot will be removed prior to sale.
Key Highlights
- High‑visibility location in a fast‑growing corridor.
- Neighbors the upcoming City of Port Wentworth Amphitheater & Ghost Pirates Ice Cove.
- Recently rezoned C‑1, allowing for a variety of uses.
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
$26,638
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
3.95%
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%
$532,760
$532.8K
Cap Rate 7%
$380,543
$380.5K
Cap Rate 9%
$295,978
$296.0K
Market Conditions
NOI Build-Up for 1,916 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
$42.5K $22.20/SF
− Vacancy
−$7.0K −$3.66/SF
EGI
$35.5K $18.54/SF
− OpEx
−$8.9K −$4.63/SF
NOI
$26.6K $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 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%
$532,760
Cap Rate 7%
$380,543
Cap Rate 9%
$295,978
Alternative Uses
Best Use
Office B
$380.5K
$333.0K – $444.0K
NOI $26,638 @ 7.0% cap · market cap 3.95%
Second Best
Retail
$310.7K
$271.9K – $362.5K
NOI $21,750 @ 7.0% cap · market cap 3.22%
Theoretical Best
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,344 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
Business Placement
Demographics for 31407, GA
20,990
Population
9,613
Households
2.2
Avg Household Size
32
Median Age
37%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
619
Density / Sq Mi
$83,954
Median Household Income
$42,367
Median Earnings
$1,726
Median Rent
$223,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.52 acre commercial property in a high-growth area.
Where is this commercial land located?
The property is located at 630 Meinhard Rd Port Wentworth, GA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: High‑visibility location in a fast‑growing corridor.; Neighbors the upcoming City of Port Wentworth Amphitheater & Ghost Pirates Ice Cove.; Recently rezoned C‑1, allowing for a variety of uses.
