Office Building with Gated
For Sale
Contact for pricing
922 Ellis Street, Augusta, GA 30901
Partially redeveloped office property with elevator service, controlled parking, and fire sprinklers throughout.
Property Size52,386 SF
Days on Market135
Property Features for 922 Ellis Street
General Information
Standard status
Active
Size
52,386 SF
Class
C
Elevators
Yes
Property subtype
Office
Lease Term
NNN
Additional Details
Sprinkler System
Yes
Amenities
secure gated parking
skybridge
Building Details
Building Size
52,386 SF
Year Built
1951
Buildings
1
Stories
5
Tenancy
Multi
Properties For Sale
at 922 Ellis Street Contact us2nd Floor
Size
10,474 SF
Type
Office Building
Term
Negotiable
3rd Floor
Size
10,474 SF
Term
Negotiable
4th Floor
Size
10,474 SF
Term
Negotiable
5th Floor
Size
10,474 SF
Term
Negotiable
Listing Agency:
Jordan Trotter Commercial Real Estate
Listed By:
Mason Whatley · License #GA #435411
(706) 755-6295
Source:
Jordantrotter
Added: Jun 4
Changed: Oct 15
Last Checked: Oct 14 at 9:26PM
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 Jordan Trotter Commercial Real Estate
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Investment Insights
Based on property information with market context.
Built in 1951, this five-story office building contains 52,386 SF and has undergone partial redevelopment. The property provides office areas across multiple levels, elevator access to every floor, fire sprinklers throughout, and secure gated parking. The first floor is occupied by Everything Media and Stiltz Entertainment Media LLC.
Located at 922 Ellis Street in Augusta, Georgia, the building also includes drawings for 36 apartments and a skybridge connecting to the JB White condominiums. The property has been identified for office, retail, multifamily, and flex uses, supporting a range of potential redevelopment directions within the existing structure.
Located at 922 Ellis Street in Augusta, Georgia, the building also includes drawings for 36 apartments and a skybridge connecting to the JB White condominiums. The property has been identified for office, retail, multifamily, and flex uses, supporting a range of potential redevelopment directions within the existing structure.
Key Highlights
- 52,386 SF office building spanning 5 stories
- Partial redevelopment has already been completed
- Elevator access serves each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$329,803
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,596,060
$6.6M
Cap Rate 7%
$4,711,471
$4.7M
Cap Rate 9%
$3,664,478
$3.7M
Market Conditions
NOI Build-Up for 52,386 SF
Gross rent
$515.5K $9.84/SF
− Vacancy
−$44.3K −$0.85/SF
EGI
$471.1K $8.99/SF
− OpEx
−$141.3K −$2.70/SF
NOI
$329.8K $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%
$6,596,060
Cap Rate 7%
$4,711,471
Cap Rate 9%
$3,664,478
Alternative Uses
Best Use
Office B
$11.45M
$10.02M – $13.36M
NOI $801,506 @ 7.0% cap · market cap 40,075,300.00%
Second Best
Flex RnD
$6.37M
$5.58M – $7.44M
NOI $446,203 @ 7.0% cap · market cap 22,310,150.00%
Theoretical Best
Office A
$16.54M
$14.47M – $19.29M
NOI $1,157,457 @ 7.0% cap · market cap 57,872,850.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,997
Businesses Nearby
Explore this area
Business Placement
Demographics for 30901, GA
15,978
Population
8,848
Households
1.8
Avg Household Size
38
Median Age
13%
College-Educated
76%
High-School Grad
17.6 sq mi
ZIP Area
908
Density / Sq Mi
$23,019
Median Household Income
$24,349
Median Earnings
$805
Median Rent
$92,200
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
What type of property is this?
Office building - Partially redeveloped office property with elevator service, controlled parking, and fire sprinklers throughout.
Where is this office building located?
The property is located at 922 Ellis Street Augusta, GA.
What are key features of this property?
This property features: 52,386 SF office building spanning 5 stories; Partial redevelopment has already been completed; Elevator access serves each floor
