For Sale
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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 Market1082
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: Oct 15
Last Checked: Oct 19 at 6:40AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$70,341
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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.
