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    The Largest CRE Database in the US with Over 1 Million Listings

    2061 Broad St Augusta, GA 30904

    Sponsored
    For Lease
    $6 SF/Yr ($3,360 /Mo)

    6,720 SF Flex Space, Prime Location

    Lot size:
    6,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    424
    This single-tenant industrial flex building, located at 2061 Broad St in Augusta, Georgia, presents a unique investment opportunity. The 6,720-square-foot building sits on a 0.33-acre lot and is classified as Class C. Constructed in 1954, this one-story structure offers a versatile layout ideal for a variety of businesses. The property features a 4,500-square-foot warehouse component equipped with two dock-high doors and 15-foot ceilings, providing ample space for storage and distribution. The remaining square footage is currently configured as retail space but offers the flexibility to be converted into office space to suit the tenant's needs. Its strategic location between downtown Augusta and Historic Summerville ensures excellent visibility and accessibility. The property enjoys convenient access to major thoroughfares, including John C Calhoun Expressway, River Watch Parkway, and Washington Road, providing easy commutes for employees and clients. The property is zoned B-1 and its APN is 027-3-076-00-0. This property is perfect for a business seeking a blend of retail and warehouse space in a highly accessible Augusta location. The building's adaptable design allows for customization to meet specific operational requirements. This presents a compelling opportunity for owner-occupancy or investment.

    Property Features for 2061 Broad St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,720 SF
    Class
    C
    Total Rate
    3360

    Building Details

    Year Built
    1954
    Stories
    1

    Spaces For Lease

    at 2061 Broad St, Augusta, GA 30904 Contact us
    Unit

    $6 /Mo

    Size
    6,700 SF
    Contact us

    We can help!

    Listing Contact
    Charlie Davis

    Learn more

    Property Insight Report

    HighLights

    • 6,720 SF Class C flex building on a 0.33‑acre lot in Augusta, GA.
    • 4,500 SF warehouse with 15' clear ceilings, two dock‑high doors.
    • Flexible layout adaptable for office/retail use.
    • Fenced lay‑down yard/parking area.
    • Excellent location with easy access to major thoroughfares.
    Property Profile Location Intelligence

    Current Use by Public Records

    Murphy United Refrigeration ... Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Columbia
    State
    Georgia
    Longitude
    -82.002151873112
    Latitude
    33.487372268886

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    FAQs

    What type of property is this?
    Flex space - 6,720 SF Flex Space, Prime Location
    Where is this flex space located?
    The property is located at 2061 Broad St Augusta, GA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 6,720 SF Class C flex building on a 0.33-acre lot in Augusta, GA.; 4,500 SF warehouse with 15' clear ceilings, two dock-high doors.; Flexible layout adaptable for office/retail use.
    Request Owner's contact information
    2061 Broad St Augusta, GA 30904
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    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
    2061 Broad St Augusta, GA 30904
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