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1939 Walton Way, Augusta, GA 30904
Mixed-use properties
Property Size11,173 SF
Lot Size1.00 Acre
Price / SF$76.08
Days on Market1037
Property Features for 1939 Walton Way
General Information
Standard status
Active
Size
11,173 SF
Lot size
1.00 Acre
Property subtype
Industrial, Mixed Use, Special Purpose
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1968
Tenancy
Single
Listing Agency:
Beman Group RE
Listed By:
Davis Beman · License #GA
(706) 823-6740
Source:
Crexi
Added: Nov 3, 2023
Changed: Aug 31
Last Checked: Sep 2 at 1:55AM
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 Beman Group RE
Investment Insights
Based on property information with market context.
Key Highlights
- Prime central location in Augusta, GA, directly across from the Academy of Richmond County.
- Versatile property with approximately 5,500 sq ft of office/retail/showroom space and 5,600 sq ft of warehouse potential.
- Opportunity to develop a sprawling 1‑acre corner site by combining with the adjoining vacant lot.
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
$70,341
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
8.28%
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%
$1,406,820
$1.4M
Cap Rate 7%
$1,004,871
$1.0M
Cap Rate 9%
$781,567
$781.6K
Market Conditions
NOI Build-Up for 11,173 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
$109.9K $9.84/SF
− Vacancy
−$9.5K −$0.85/SF
EGI
$100.5K $8.99/SF
− OpEx
−$30.1K −$2.70/SF
NOI
$70.3K $6.30/SF
Area
Augusta, GA
Vacancy
8.60%
Lease Rate
$9.84 /SF/Yr
Expense Ratio
30.00%
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%
$1,406,820
Cap Rate 7%
$1,004,871
Cap Rate 9%
$781,567
Alternative Uses
Best Use
Office B
$2.44M
$2.14M – $2.85M
NOI $170,947 @ 7.0% cap · market cap 20.11%
Second Best
Mixed Use
$1.94M
$1.70M – $2.26M
NOI $135,752 @ 7.0% cap · market cap 15.97%
Theoretical Best
Office A
$3.53M
$3.09M – $4.11M
NOI $246,865 @ 7.0% cap · market cap 29.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
801
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 1939 Walton Way Augusta, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime central location in Augusta, GA, directly across from the Academy of Richmond County.; Versatile property with approximately 5,500 sq ft of office/retail/showroom space and 5,600 sq ft of warehouse potential.; Opportunity to develop a sprawling 1‑acre corner site by combining with the adjoining vacant lot.
