Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    602 Reynolds St Augusta, GA 30901

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Historic Downtown Augusta Warehouse

    Lot size:
    12,187 SF

    Property Features for 602 Reynolds St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,187 SF

    Building Details

    Year Built/Renovated
    1945/1977

    Spaces For Lease

    at 602 Reynolds St, Augusta, GA 30901 Contact us

    We can help!

    Listing Contact
    Parker Dye
    Parker Dye

    Listing Agency: Jordan Trotter Commercial Real Estate Listing Agent: Parker Dye

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 12,187 square foot warehouse, located at 602 Reynolds St, Augusta, GA 30901, presents a unique investment opportunity. Built in 1945 and renovated in 1977, this multi-tenant property sits on a 0.44-acre lot in Richmond County (APN 0373140000) and is zoned B-2. The building features two 8x10 dock-high doors, providing convenient access for loading and unloading. Currently, one 4,218 square foot space is available. The warehouse boasts an 18-foot ceiling height and includes a minimal interior office/storage room build-out, along with a mezzanine storage area above the storage rooms. Its prime location in the heart of Augusta's historic downtown district places it within the vibrant dining, entertainment, and shopping scene, just one block from the Savannah River and Augusta Riverwalk, and directly across from a historic church. This property offers excellent potential for a variety of industrial uses. The building's convenient location and unique character make it an attractive option for businesses seeking a prominent presence in Augusta's revitalized downtown area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Law Firm Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -81.961006877378
    Latitude
    33.475268236166

    Nearby Similar for Lease

    • $1,300 /Mo
      720 SF

      Updated Office Space with Courtyard

      Recently updated office space with private entrance and courtyard.
      3540 Wheeler Rd, Augusta, GA 30909
      View Details
    • $450 /Mo
      200 SF

      Downtown Augusta Executive Office Space

      Executive offices in historic building, heart of downtown Augusta.
      429 Walker Street Ext, Augusta, GA 30901
      View Details
    • $1,600 /Mo
      1,500 SF

      Downtown Augusta Second-Story Office Space

      Second-story office space in downtown Augusta's professional corridor.
      436 Greene St, Augusta, GA 30901
      View Details
    • $2,700 /Mo
      1,400 SF

      Retail Space on Columbia Road

      1400 sqft commercial space for lease on Columbia Rd.
      4127 Columbia Rd, Augusta, GA 30907
      View Details
    • $8 SF/Yr
      Pending

      Versatile Commercial Space in Augusta

      8,152 SF commercial space with a fully equipped kitchen.
      1524 Gordon Hwy, Augusta, GA 30906
      View Details
    • $5 SF/Yr
      6,000 SF

      Augusta Flex Space Warehouse

      Flex space warehouse with vehicle storage in South Augusta.
      2403 Milledgeville Rd, Augusta, GA 30904
      View Details
    • $10,750 /Mo
      6,143 SF

      Spacious Renovated Office Space

      Extensive office space with modern renovations and ample parking.
      2822 A Hillcreek Dr, Augusta, GA 30909
      View Details
    • $16,345 /Mo
      9,340 SF

      Spacious Renovated Office Space

      Extensive office space with modern renovations and ample parking.
      2822 B Hillcreek Dr, Augusta, GA 30909
      View Details
    • Sponsored
      Contact for pricing

      GA, Augusta - Broad St

      Discover many ways to work your way in Highland Park Place
      823 Broad Street Ext, Augusta, GA 30901
      View Details
    • $12 SF/Yr
      4,000 SF

      Office Space with Ample Parking

      Flexible office space available for rent with convenient parking.
      1886 Gordon Hwy, Augusta, GA 30904
      View Details
    • $21 SF/Yr
      6,000 SF

      Stevens Creek Road Office Space

      Office space available on Stevens Creek Road in Augusta, GA.
      808 Stevens Creek Rd, Augusta, GA 30907
      View Details
    • Contact for pricing
      1,188 SF

      Retail Space Near I-20

      Retail space available in Augusta, GA, near I-20.
      630 Crane Crk Dr, Augusta, GA
      View Details

    FAQs

    What type of property is this?
    Distribution property - Historic Downtown Augusta Warehouse
    Where is this distribution property located?
    The property is located at 602 Reynolds St Augusta, GA.
    What are key features of this property?
    This property features: 4,218 SF warehouse space.; Two dock-high loading doors.; Downtown Augusta location.
    (706) 736-1031 Call to check price and availability
    Request Owner's contact information
    602 Reynolds St Augusta, GA 30901
    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.
    602 Reynolds St
    Augusta, GA 30901
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    602 Reynolds St Augusta, GA 30901
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Parker Dye
    Parker Dye
    Real Estate License ID: 357255
    (706) 736-1031 (706) 399-9303
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!