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    2476 Ga-88 Hephzibah, GA 30815

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    2476 Ga-88 Hephzibah, GA 30815

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    • Lifestyle centers
    • 8,970 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 2476 Ga-88

    Year built
    1994
    Property size
    8,970 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Hephzibah Center, a premier shopping center situated on Highway 88 in Hephzibah, Georgia, presents an exceptional opportunity for retail or office businesses. This 8,970 square foot property, built in 1994, sits on a 1.14-acre lot (APN: 227-0-264-00-0, Richmond County) and offers excellent visibility and accessibility. The center currently features two available spaces ready for immediate occupancy. One space, previously used as office space, encompasses 820 square feet, while the second, a former retail space, measures 1,938 square feet. Both spaces benefit from ample parking, ensuring convenient access for customers and employees. The property also boasts excellent signage opportunities, maximizing visibility for tenants. Its strategic location on Highway 88, connecting Peach Orchard Road and Windsor Spring Roads, provides easy access to Augusta, Fort Gordon, and other surrounding areas. This makes Hephzibah Center an ideal location for a variety of businesses, including salons, general retail establishments, or professional offices. The property's multiple tenancy allows for flexibility and diverse business opportunities within a thriving community. This is a rare opportunity to secure a well-positioned commercial space in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hephzibah
    County
    Richmond
    State
    Georgia
    Longitude
    -82.0909
    Latitude
    33.315

    Comparable in this City

    • Value Estimation by Request
      3.25 Acres

      3596 Windsor Spring Rd

      Land • 3.25 Acres
      3596 Windsor Spring Rd, Hephzibah, GA 30815
      View Details
    • Value Estimation
      $950,000
      9,100 SF

      140 Greiner Cir

      WHOLESALE OUTLET, DISCOUNT STORE • 9,100 SF
      140 Greiner Cir, Hephzibah, GA 30815
      View Details
    • Value Estimation by Request
      1,500 SF

      4690 Us Hwy 25th N

      AUTO REPAIR, GARAGE • 1,500 SF
      4690 Us Hwy 25th N, Hephzibah, GA 30815-6880
      View Details
    • Value Estimation by Request
      1,600 SF

      3193 Farmers Brg Rd

      CONVENIENCE STORE • 1,600 SF
      3193 Farmers Brg Rd, Hephzibah, GA 30815-5434
      View Details
    • Value Estimation
      $575,000
      3,120 SF

      3938 Us Hwy 25th N

      CONVENIENCE STORE • 3,120 SF
      3938 Us Hwy 25th N, Hephzibah, GA 30815-6820
      View Details
    • Value Estimation by Request
      4,560 SF

      3780 Farmers Brg Rd

      CONVENIENCE STORE • 4,560 SF
      3780 Farmers Brg Rd, Hephzibah, GA 30815-5504
      View Details

    Similar Nearby for Sale

    • $169,000

      Prime Commercial Land Opportunity

      2.54 acre parcel suitable for various commercial ventures.
      2509 Spirit Creek Rd, Hephzibah, GA 30815
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      10.83 AC Development Land

      10.83 AC development land surrounded by new housing and retail.
      2520 Tobacco Rd, Hephzibah, GA 30815
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    • $1,195,000
      6,000 SF

      Fully Occupied Windsor Crossing Center

      Retail shopping center with 100% occupancy on Windsor Spring Road.
      3558 Windsor Spring Rd, Hephzibah, GA 30815
      View Details
    • $499,000
      11,000 SF

      Hephzibah Strip Center Investment

      Established strip center with long-term tenants and growth potential.
      2356 Georgia 88, Hephzibah, GA 30815
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    • $130,000
      Pending

      Hephzibah Office Space For Sale

      Office space for sale in Hephzibah, Georgia, near Fort Eisenhower.
      3603 Hiers Blvd, Hephzibah, GA 30815
      View Details
    • Contact for pricing
      8,205 SF

      Hephzibah Office Building on Highway

      8,205 SF building on 1.25 acres in Hephzibah, GA.
      2546 Highway 88, Hephzibah, GA 30815
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    Similar Nearby for Lease

    • Contact for pricing
      1,071 SF

      Hephzibah Retail Space Available

      Premier shopping center with space suitable for various businesses.
      2476 Highway 88, Hephzibah, GA 30815
      View Details
    • Contact for pricing

      Retail Space in High-Growth Area

      Retail space with high visibility and flexible use options.
      3697 Windsor Spring Rd, Hephzibah, GA 30815
      View Details
    • $1,600 /Mo
      Pending

      Hephzibah Office Space For Rent

      Office space in Hephzibah, GA, near Fort Eisenhower.
      3603 Hiers Blvd, Hephzibah, GA 30815
      View Details
    • $650 /Mo
      Pending

      Hephzibah Office Space For Rent

      Office suite with three rooms, half bath, and storage.
      2920 Tobacco Rd, Hephzibah, GA 30815
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near High Traffic

      Retail space in high-growth area with significant traffic.
      3699 Windsor Spring Rd, Hephzibah, GA 30815
      View Details
    • Contact for pricing

      Hephzibah Restaurant with Drive-Thru

      Vacant restaurant with drive-thru in active retail area.
      3696 Windsor Spring Rd, Hephzibah, GA 30815
      View Details
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    Hephzibah, GA 30815
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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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