Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17+ Acre Development Site Title is generated by Realmo AI

    2221 Gordon Hwy, Augusta, GA 30909

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    17+ acre commercial site near Fort Eisenhower and I-520.

    Type:Land
    Lot size:
    17.00 Acres
    Added:
    Aug 21, 2024
    Days on Market:
    649
    Last Refresh:
    May 12 at 11:41 pm

    Property Features for 2221 Gordon Hwy

    General Information

    Standard status
    Active
    Lot size
    17.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Joe Edge

    Listing agent Joe Edge License #GA 282262

    Listing office Sherman & Hemstreet Real Estate Company

    Listing date Aug 21, 2024

    Source Crexi

    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 Sherman & Hemstreet Real Estate Company

    HighLights

    • Zoned B‑2, allowing for a wide variety of potential uses.
    • Located only 1.6 miles from the main entrance to Fort Eisenhower.
    • High traffic location with Gordon Highway seeing 25,000‑30,000 cars per day.
    • Less than 1 mile from Interstate 520.
    • Approximately 11 acres of easily developable highlands.
    • Situated in an area with substantial new development.

    Overview

    This commercial site encompasses over 17 acres and is zoned B-2. A portion of the parcel includes wetlands and floodplain areas, while approximately 11 acres are highlands suitable for development. The site has a front-to-back slope of about 40 feet, potentially balancing without the need for additional fill. Located 1.6 miles from Fort Eisenhower's main entrance and less than a mile from Interstate 520, the property benefits from high traffic volume, with Gordon Highway seeing 25,000 to 30,000 vehicles daily. The adjacent intersection with Barton Chapel Road connects traffic from Wrightsboro Road through industrial and retail areas to Gordon Highway. The site is surrounded by new developments, making it suitable for various potential uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Columbia
    State
    Georgia
    Longitude
    -82.088902
    Latitude
    33.4478304

    Nearby Similar for Sale

    • $1,495,000
      16,848 SF

      Augusta Commercial Property on Wrightsboro

      16,848 SF building on 6.43 acres near Augusta Mall.
      3513 Wrightsboro Road, Augusta, GA 30909
      View Details
    • $349,000
      3,256 SF

      Income-Producing Duplexes in Old Town

      Two duplexes near downtown, medical district, and Savannah River.
      305 1st Street, 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 Road, Augusta, GA 30904
      View Details
    • $985,000
      4,000 SF

      Updated Home with Guest Suite

      Classic home in historic district with investment potential.
      2563 Central Avenue, Augusta, GA 30904
      View Details
    • $95,900
      1,414 SF

      Functional Commercial Space in Augusta

      Versatile commercial property with offices, reception, and kitchenette.
      1126 11th Street, Augusta, GA 30901
      View Details
    • $185,900
      1,900 SF

      Augusta Commercial Building For Sale

      Commercial building suitable for various business and community purposes.
      2335 Lumpkin Road, Augusta, GA 30906
      View Details
    • $450,000

      Prime Corner Lot in Augusta

      Desirable corner lot with potential for residential or commercial development.
      2875 Lake Forest Drive, Augusta, GA 30909
      View Details
    • $300,000
      92,000 SF

      Augusta Land For Sale

      2.14 acres in J and B Industrial Park area.
      503 National Avenue, Augusta, GA 30901
      View Details
    • $340,000
      2,552 SF

      Augusta Triplex: Investor Opportunity

      Triplex in Olde Towne Augusta with income potential.
      211 Broad Street, Augusta, GA 30901
      View Details
    • $179,900
      1,174 SF

      C-3 Zoned Income Opportunity

      Duplex with income potential on .26 acres.
      1933 George Road, Augusta, GA 30904
      View Details
    • $350,000

      Augusta Commercial Land on Peach Orchard

      1.39 acre commercial land parcel on busy Peach Orchard Road.
      3607 Peach Orchard Road, Augusta, GA 30906
      View Details
    • $1,230,000
      10,740 SF

      Augusta Townhomes Investment Opportunity

      Six modern townhomes near Fort Gordon, fully rented and ready.
      4420 Castellon Way, Augusta, GA 30906
      View Details

    FAQs

    What type of property is this?
    Commercial land - 17+ acre commercial site near Fort Eisenhower and I-520.
    Where is this commercial land located?
    The property is located at 2221 Gordon Hwy Augusta, GA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Zoned B‑2, allowing for a wide variety of potential uses.; Located only 1.6 miles from the main entrance to Fort Eisenhower.; High traffic location with Gordon Highway seeing 25,000‑30,000 cars per day.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joe Edge
    Real Estate License ID: GA 282262
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2221 Gordon Hwy, Augusta, GA 30909
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!