Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    1005 Broad St Augusta, GA 30901

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Augusta Office, Value-Add Opportunity

    Property size:
    15,127 SF

    Property Features for 1005 Broad St

    General Information

    Property type
    Medical offices
    Square Feet
    15,127 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1912/2007
    Buildings
    1
    Stories
    3

    We can help!

    Listing Contact
    Davis Beman
    Davis Beman

    Listing Agency: Beman Group RE Listing Agent: Davis Beman

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

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A office building at 1005 Broad Street in Augusta, Georgia, presents a compelling value-add investment opportunity. The 15,127 square foot, three-story building boasts a 73% occupancy rate with a diverse tenant mix including SRP Federal Credit Union and Benesch. Built in 1912 and renovated in 2007, the property features 15 on-site parking spaces, a significant advantage in the downtown Augusta area. Currently, there is approximately 1,000 square feet of available space on the first floor and an additional 3,000 square feet of raw space on the third floor, offering substantial potential for lease-up and rental income growth. The property benefits from a Modified lease type with 3% annual rent bumps, providing consistent income and future appreciation. Located in the heart of Augusta, the building enjoys proximity to abundant shopping and dining options. The property's multi-tenant structure, including Cloudstorm Technologies and Insight Logistics, provides diversification and stability. This is an ideal opportunity for investors seeking strong returns and end-users desiring a prime location in a thriving downtown Augusta setting. The APN is 0373073000. The asking price is $2,500,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    W R Toole ... Engineering Consultant The Bias Firm Law Firm Stambaugh Ness Business To Business Service T. Wayne Owens ... Accounting Firm H & C Business ... Tax Preparation

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -81.9697023
    Latitude
    33.4772568

    Nearby Similar for Sale

    • $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
    • Contact for pricing
      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
    • $595,000

      Augusta Investment Opportunity

      Value-add property with multiple income streams in Augusta, Georgia.
      3661 Peach Orchard Rd, Augusta, GA 30906
      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
    • Contact for pricing
      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
    • Contact for pricing
      15,000 SF

      West Augusta Modern Office Building

      Modern office building suitable for owner-occupant with tenant income.
      1330 Augusta Pkwy W, Augusta, GA
      View Details
    • Contact for pricing
      12,393 SF

      Versatile Commercial Building on Peach Orchard

      12,393 SF commercial building with warehouse and office space.
      2440 Peach Orchard Rd, Augusta, GA 30906
      View Details
    • $850,000

      Augusta Industrial Office/Warehouse Opportunity

      20,297 SF industrial property in Augusta, GA for sale.
      1543 Gordon Hwy, Augusta, GA 30906
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Augusta Office, Value-Add Opportunity
    Where is this medical office located?
    The property is located at 1005 Broad St Augusta, GA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for a value-add investment opportunity.; 15,127 square foot, Class A office building in Augusta, GA.; Multi-tenant property with 73% occupancy, including SRP Federal Credit Union and Benesch.
    (706) 823-6740 Call to check price and availability
    Request Owner's contact information
    1005 Broad 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.
    1005 Broad 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
    1005 Broad 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 Davis Beman
    Davis Beman
    (706) 823-6740 (706) 722-7331 (706) 538-4800
    Learn more
    Google sign-in failed. Please try again or use another login method.