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    1634 Olive Rd Augusta, GA 30904

    For Sale
    $4,249,000

    93K SF Manufacturing Facility, NNN Lease

    Property size:
    92,892 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional Augusta, GA industrial investment presents a compelling opportunity. The 92,892 square foot, single-tenant manufacturing facility sits on a 5.57-acre lot and boasts a 6.55% cap rate with a NOI of $278,397. Currently 100% occupied under a NNN lease expiring June 30, 2027, the property features a recently renovated (2024) building constructed in 1965. The lease, at $3/SF, is significantly below market rate (~$4/SF), offering substantial upside potential upon lease renewal. The tenant, Clover Environmental Solutions (a multinational corporation with a corporate guarantee), is currently improving the office space at their own expense, suggesting a strong likelihood of long-term occupancy. Key features include a brand new TPO roof with a 20-year warranty, 19' clear heights, 25' x 30' column spacing, 240 3-phase power, eight dock-high doors (six on one side, two on the other), an explosion-proof room, a new security system, LED lighting, and ample parking (80 spaces). The property also benefits from a railroad spur and multiple office spaces. Its strategic location in Augusta, GA, provides easy access to I-20, I-520, and major ports in Charleston and Savannah, making it ideal for logistics and distribution. The property is zoned LI and has an APN of 058-1-048-01-0.

    Property Features for 1634 Olive Rd

    General Information

    Property type
    Manufacturing properties
    Square Feet
    92,892 SF
    Lot Size
    242,629 SF

    Building Details

    Year Built/Renovated
    1965/2024
    Buildings
    1
    Stories
    1

    HighLights

    • $4,249,000 asking price for a 92,892 SF industrial manufacturing property in Augusta, GA.
    • 6.55% cap rate with a $278,397 NOI, currently 100% occupied under a NNN lease expiring 06/30/2027.
    • Below‑market rent ($3/SF NNN) with potential for significant rent increase at lease renewal; tenant is Clover Environmental Solutions (corporate guarantee).
    • Recently renovated (2024) with a new TPO roof (20‑year warranty), active sprinklers, and tenant‑funded office renovations.
    • Features include 19' clear heights, 8 dock‑high doors, 80 parking spaces, and 240 3‑phase power.
    • Additional amenities: explosion‑proof room, new security system, LED lighting, and railroad spur access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Olive Road | America's ... Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -82.0071156
    Latitude
    33.4589148

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    FAQs

    What type of property is this?
    Manufacturing property - 93K SF Manufacturing Facility, NNN Lease
    Where is this manufacturing property located?
    The property is located at 1634 Olive Rd Augusta, GA.
    What is the asking price?
    The asking price for this property is $4,249,000.
    What are key features of this property?
    This property features: $4,249,000 asking price for a 92,892 SF industrial manufacturing property in Augusta, GA.; 6.55% cap rate with a $278,397 NOI, currently 100% occupied under a NNN lease expiring 06/30/2027.; Below-market rent ($3/SF NNN) with potential for significant rent increase at lease renewal; tenant is Clover Environmental Solutions (corporate guarantee).
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    Realmo Value Estimation

    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.

    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
    1634 Olive Rd Augusta, GA 30904
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