Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    146 Mason Mcknight Jr Pkwy Augusta, GA 30907

    Sponsored
    For Sale
    Contact for pricing

    Prime 3.53-Acre Retail Site, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional 3.53-acre commercial land parcel presents a remarkable development opportunity in West Augusta, Georgia. Strategically located off Exit 195 of I-20 and Mason McKnight Jr Parkway, this site boasts unparalleled visibility and accessibility. With a daily traffic count exceeding 12,000 vehicles on Mason McKnight Jr Parkway and an impressive 70,800 on I-20, this location guarantees high exposure for any development. The property is zoned B-2 and LI, allowing for a diverse range of uses, including office, commercial, residential, or a mixed-use development, catering to a variety of business needs. Its proximity to major thoroughfares, including Washington Road, places it within easy reach of a substantial consumer base. Furthermore, the site benefits from its close proximity to key amenities such as Doctors Hospital, Augusta Mall, Fort Gordon, and Downtown Augusta. Existing nearby retailers include Gander RV & Outdoors, CarMax, Hyatt Place, Farmhaus Burger, Jersey Mike's, and Cici's Pizza, further highlighting the area's commercial vibrancy. Future developments in the area include a Harley Davidson and Northern Tool store, promising continued growth and increased foot traffic. The property's APN is 022-0-023-01-0, and its address is 146 Mason McKnight Jr Pkwy, Martinez, GA 30907. This is an exceptional opportunity to capitalize on a high-traffic location with flexible zoning in a rapidly developing area.

    Property Features for 146 Mason Mcknight Jr Pkwy

    General Information

    Property type
    Individual retail properties
    Lot Size
    153,767 SF

    HighLights

    • 3.53‑acre commercial lot offering excellent I‑20 visibility.
    • B2/LI zoning allows for mixed‑use development.
    • High traffic counts: 12,000 vehicles on Mason McKnight Jr Parkway and 70,800 on I‑20.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -82.104623
    Latitude
    33.4905885

    Nearby Similar for Sale

    • $1,350,000
      0.19 Acres

      Event Venue & Rental Investment

      Premier income-producing portfolio near Augusta National Golf Club.
      1058 Bertram Road Ext, Augusta, GA 30909
      View Details
    • $519,300
      0.19 Acres

      Furnished Augusta Event Venue/Residence

      Versatile studio-style space ideal for events, rentals, or residence.
      1058-A Bertram Road Ext, Augusta, GA 30909
      View Details
    • $374,000
      0.19 Acres

      Stylish Furnished Augusta Rental Property

      Furnished 1-bedroom with rental income potential near Stablegold Clubhouse.
      1060-A Bertram Road Ext, Augusta, GA 30909
      View Details
    • $457,000
      0.19 Acres

      Furnished Rental Home Near Augusta

      Fully furnished 3-bedroom home, high rental income potential.
      1056-A Bertram Road Ext, Augusta, GA 30909
      View Details
    • $195,000
      0.14 Acres

      Historic Duplex in Augusta, GA

      1906 duplex with earning potential near downtown Augusta.
      258 Walker Street Ext, Augusta, GA 30901
      View Details
    • $195,000
      0.14 Acres

      Historic Duplex in Augusta, GA

      1906 duplex with earning potential near downtown Augusta.
      258 Walker Street Ext, Augusta, GA 30901
      View Details
    • $1,500,000
      5,390 SF

      Augusta Retail Opportunity For Sale

      Retail property in Augusta, GA, with community business potential.
      1675 Olive Rd, Augusta, GA 30904
      View Details
    • $2,000,000
      2,468 SF

      Valero Gas/Convenience Store For Sale

      Thriving Valero gas and convenience store with owner financing.
      2078 Old Savannah Rd, Augusta, GA 30901
      View Details
    • $2,877,319

      NNN Leased Bojangles Restaurant

      Bojangles restaurant with drive-thru on a busy Augusta road.
      2715 Peach Orchard Rd, Augusta, GA 30906
      View Details
    • $990,000
      13,300 SF

      Downtown Augusta Restaurant & Event Venue

      13,300 SF restaurant and event facility in Downtown Augusta.
      15 7Th St, Augusta, GA 30901
      View Details
    • $7,700,000
      176,802 SF

      Augusta Industrial Warehouse Opportunity

      Well-located industrial warehouse in Augusta, GA, with flexible space.
      1840 Gordon Hwy, Augusta, GA 30904
      View Details
    • $886,153
      3,240 SF

      Auto Shop NNN Investment Property

      NNN investment property with a new 10-year lease.
      3059 Deans Bridge Rd, Augusta, GA 30906
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime 3.53-Acre Retail Site, High Traffic
    Where is this individual retail property located?
    The property is located at 146 Mason Mcknight Jr Pkwy Augusta, GA.
    What are key features of this property?
    This property features: 3.53-acre commercial lot offering excellent I-20 visibility.; B2/LI zoning allows for mixed-use development.; High traffic counts: 12,000 vehicles on Mason McKnight Jr Parkway and 70,800 on I-20.
    (706) 736-1031
    Request Owner's contact information
    146 Mason Mcknight Jr Pkwy Augusta, GA 30907
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    146 Mason Mcknight Jr Pkwy
    Augusta, GA 30907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    146 Mason Mcknight Jr Pkwy Augusta, GA 30907
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.