Mixed-Use Property with Residential
For Sale
$269,999
702 Crawford Ave, Augusta, GA 30904
Includes a service-oriented commercial structure, two residences, and a neighboring vacant lot in Augusta.
Property Size1,863 SF
Price / SF$144.93
Days on Market14
Property Features for 702 Crawford Ave
General Information
Standard status
Active
Size
1,863 SF
Property subtype
Business Opportunity
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1926
Listing Agency:
Bragg & Associates Real Estate
(706) 718-0017
Listed By:
Sallie Shuford · License #371741
Source:
Bradberrygarnerrealestate
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 25 at 4:10AM
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 Bragg & Associates Real Estate
Investment Insights
Based on property information with market context.
Positioned at 702 Crawford Avenue, this mixed-use offering combines a structure suited to a small service- or community-oriented business with residential components. The improvements have been recently refreshed and well maintained. The package includes the 2BR, 1BA home at 704 Crawford Avenue and a separate 1BR, 1BA unit at 1762 Fenwick Street. A vacant lot at 1760 Fenwick Street adds open land to the assemblage.
Located near Downtown Augusta, the offering brings multiple adjacent parcels into one purchase. The residential spaces can support occupancy or additional office use, while the commercial structure offers potential for owner operation or leasing based on the existing configuration.
Located near Downtown Augusta, the offering brings multiple adjacent parcels into one purchase. The residential spaces can support occupancy or additional office use, while the commercial structure offers potential for owner operation or leasing based on the existing configuration.
Key Highlights
- Mixed‑use offering with a service- or community‑oriented commercial structure
- Includes a 2BR, 1BA home at 704 Crawford Avenue
- Separate 1BR, 1BA unit at 1762 Fenwick Street
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
$22,635
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
8.38%
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%
$452,700
$452.7K
Cap Rate 7%
$323,357
$323.4K
Cap Rate 9%
$251,500
$251.5K
Market Conditions
NOI Build-Up for 1,863 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
$40.2K $21.60/SF
− Vacancy
−$4.0K −$2.16/SF
EGI
$36.2K $19.44/SF
− OpEx
−$13.6K −$7.29/SF
NOI
$22.6K $12.15/SF
Area
Augusta, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$452,700
Cap Rate 7%
$323,357
Cap Rate 9%
$251,500
Alternative Uses
Best Use
Mixed Use
$323.4K
$282.9K – $377.3K
NOI $22,635 @ 7.0% cap · market cap 8.38%
Second Best
Retail
$296.5K
$259.4K – $345.9K
NOI $20,754 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$588.0K
$514.5K – $686.1K
NOI $41,163 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,415
Businesses Nearby
Explore this area
Business Placement
Demographics for 30904, GA
24,145
Population
12,558
Households
1.9
Avg Household Size
38
Median Age
31%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,195
Density / Sq Mi
$45,636
Median Household Income
$29,101
Median Earnings
$953
Median Rent
$185,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a service-oriented commercial structure, two residences, and a neighboring vacant lot in Augusta.
Where is this mixed-use property located?
The property is located at 702 Crawford Ave Augusta, GA.
What is the asking price?
The asking price for this property is $269,999.
What are key features of this property?
This property features: Mixed‑use offering with a service- or community‑oriented commercial structure; Includes a 2BR, 1BA home at 704 Crawford Avenue; Separate 1BR, 1BA unit at 1762 Fenwick Street
