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    Property profile & analytics

    1212 Augusta West Pkwy Augusta, GA 30909

    • Office Properties & Spaces
    • 12,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 1212 Augusta West Pkwy

    Year built
    1988
    Property size
    12,000 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This Class A, 12,000 square foot office building in Augusta, Georgia's North Richmond County submarket offers flexible space ideal for medical or general office use. Located at 1212 Augusta West Pkwy, 30909, this single building property sits on 0.83 acres and is conveniently situated near Doctors Hospital, with easy access from Wheeler Road and Augusta West Parkway via Medical Park Drive. The building, constructed in 1988 and zoned B-1, features one available space ranging from 1,500 to 2,000 contiguous square feet, with a minimum divisible space of 1,500 square feet. An additional 2,000 square feet of raw space is available for build-to-suit options. The existing space, previously occupied by a pediatrician's office, includes multiple offices with built-in sinks, a central nurse's station, and elevator access. Ample parking and storage are also available. This property offers a unique opportunity for businesses seeking a well-located, adaptable space in a thriving Augusta neighborhood. The building boasts two vacant second-floor office spaces and is easily accessible from two major roadways.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -82.0897
    Latitude
    33.4814

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      1223 Augusta Pkwy

      Medical offices • 2,500 SF
      1223 Augusta Pkwy, Augusta, GA 30909
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    • Value Estimation by Request
      3,816 SF

      2602 Commons Blvd

      Office Properties & Spaces • 3,816 SF
      2602 Commons Blvd, Augusta, GA 30909
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    • Value Estimation by Request
      15,000 SF

      1330 Augusta Pkwy

      Office buildings • 15,000 SF
      1330 Augusta Pkwy, Augusta, GA 30909
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    • Value Estimation by Request
      15,000 SF

      1330 Augusta Pkwy

      Office buildings • 15,000 SF
      1330 Augusta Pkwy, Augusta, GA 30909
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    • Value Estimation by Request
      1.46 Acres

      3876 Wrightsboro Rd

      Office Properties & Spaces • 1.46 Acres
      3876 Wrightsboro Rd, Augusta, GA 30909
      View Details
    • Value Estimation by Request
      100,000 SF

      2807 Wylds Rd

      Lifestyle centers • 100,000 SF
      2807 Wylds Rd, Augusta, GA 30909
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,750 SF

      Wheeler Road Office Space

      9,750 SF Augusta Office Building
      3665 Wheeler Rd, Augusta, GA 30909
      View Details
    • $700,000
      2,000 SF

      Remodeled Office with Warehouse Space

      2,000 SF remodeled office with 3,000 SF warehouse.
      3876 Wrightsboro Rd, Augusta, GA 30909
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    • $995,000
      5,752 SF

      Move-In Ready Medical Office Building

      Medical office building in West Augusta available for sale.
      1219 W Wheeler Pkwy, Augusta, GA 30909
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    • $2,800,000
      15,483 SF

      Augusta Office Building - Prime Location

      Spacious Office, Updated, Ample Parking
      2822 Hillcreek Dr, Augusta, GA 30909
      View Details
    • Contact for pricing
      100,000 SF

      2807 Wylds Rd

      Lifestyle centers • 100,000 SF
      2807 Wylds Rd, Augusta, GA 30909
      View Details
    • Contact for pricing
      2.46 Acres

      Augusta Land: Medical Office Site

      Prime 2.46-acre development tract near Doctors Hospital.
      3661 Wheeler Rd, Augusta, GA 30909
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      54,385 SF

      Atrium Building Office Space

      Augusta, GA Office Suites Available
      3633 Wheeler Rd, Augusta, GA 30909
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    • $8 SF/Yr
      35,000 SF

      Broyhill Park Office Space

      Augusta, GA flex space available
      3351 Wrightsboro Rd, Augusta, GA 30909
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    • $14 SF/Yr
      1,450 SF

      Office Space Near I-20

      Office space located near I-20 and Washington Road.
      2602 Commons Blvd, Augusta, GA 30909
      View Details
    • $18 SF/Yr
      2,000 SF

      Medical Office Space Available

      Two office spaces available, suitable for medical or professional use.
      1212 Augusta West Pkwy, Augusta, GA 30909
      View Details
    • Contact for pricing
      2,123 SF

      Medical Office Suites Available

      Medical office suites available for rent in Augusta, GA.
      3624 J Dewey Gray Cir, Augusta, GA 30909
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    • $19 SF/Yr
      10,000 SF

      Renovated Office Space For Rent

      Recently renovated, centrally located 10,000 SF office space for rent.
      4051 Jimmie Dyess Pkwy, Augusta, GA 30909
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    Augusta, GA 30909
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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
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