101 Maple Dr Martinez, GA 30907-4273
- Strip malls
- 7,020 SF
- 0.57 lot acres
Jun 17, 2021
Current Use by Public Records
- Strip malls
Property Details for 101 Maple Dr
- Year built
- 2005
- Lot size
- 0.57 lot acres
- Property size
- 7,020 SF
- Zone code
- C-2;GEN COMM DISTR
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 073C014
- APU
- 073C014
Description
This exceptional investment opportunity presents Maple Street Station, a 13,510 square foot shopping center situated at 101 Maple Drive in Martinez, Georgia (30907), within the Augusta MSA. The property, built in 2000, comprises two single-story buildings encompassing twelve units and benefits from a C-2 zoning designation. Currently boasting a Net Operating Income (NOI) of $132,406 and a 7.79% cap rate, a pro-forma NOI of $165,923 and a 9.76% pro-forma cap rate demonstrates significant upside potential. Recent improvements include a $90,000 investment in roof upgrades and a new coating system. The property enjoys exceptional visibility and accessibility, situated on Columbia Road with high traffic counts exceeding 32,000 vehicles per day. This prime location within a densely populated retail corridor offers a strong tenant mix and substantial growth opportunities through lease-up and rent escalations. The asking price is $1,700,000, translating to $125.83 per square foot. This is a rare chance to acquire a well-maintained, high-performing shopping center with considerable future income potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,205,000
- ML approach
- $1,295,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,375,000
- 6.5%
- $1,270,000
- 7%
- $1,180,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,550,000
Market price range: $557k - $2.20M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,365,000 Current use
- RETAIL STORES
- $1,550,000 Change: +13% Conversion: Easy
- OFFICE BUILDING
- $1,515,000 Change: +11% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Martinez
- County
- Columbia
- State
- Georgia
- Longitude
- -82.1394
- Latitude
- 33.5071
- CBSA code
- 12260
- CBSA name
- AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA