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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    118 Belair Rd Evans, GA 30809-9200

    • Office buildings
    • 1,800 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1416312
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • VOCE Studios / Vocal Instructor
    • Jeb Boggus Construction / General Contractor

    Property Details for 118 Belair Rd

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    0.38 lot acres
    Property size
    1,800 SF
    Zone code
    C-C;COMMUNITY COMM
    Property type
    Office buildings
    APN
    073C052D
    APU
    073C052D

    Description

    This exceptional 1,976-square-foot traditional office space is available for lease in Evans, Georgia, at 118 N Belair Rd, 30809. The single-tenant suite features a reception area with a glass sliding window leading to a large open room equipped with a sink and cabinets. A staircase provides access to a mezzanine level containing three private offices. An ADA-compliant restroom is also included. The property is zoned CC per Columbia County GIS. Conveniently located near the signalized intersection of Columbia Road and N Belair Road, this space enjoys high visibility and proximity to numerous amenities. Neighboring businesses include Ubora Coffee, Papa Johns Pizza, Urgent MD, Sonic, Walgreens, McDonald's, Advance Auto Parts, Auto Zone, Smile Now Dental Clinic, and a variety of professional services such as attorneys, physicians, CPAs, and insurance providers, as well as retail shopping. In addition to base rent, tenants are responsible for all utilities, a $25 monthly water charge, and a $25 monthly garbage charge. This prime location offers excellent accessibility and visibility, making it an ideal space for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $223,000
      Market price range: $102k - $356k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Evans
    County
    Columbia
    State
    Georgia
    Longitude
    -82.1436
    Latitude
    33.5094
    CBSA code
    12260
    CBSA name
    AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,181
    $15,265
    $152,170
    $167,435
    -
    $38,162
    $380,426
    $418,588

    Comparable in this City

    • Value Estimation
      $310,000
      1,554 SF

      340 Belair Rd

      OFFICE BUILDING • 1,554 SF
      340 Belair Rd, Evans, GA 30809-3000
      View Details
    • Value Estimation
      $1,160,000
      2,070 SF

      600 Grand Slam Dr

      OFFICE BUILDING • 2,070 SF
      600 Grand Slam Dr, Evans, GA 30809
      View Details
    • Value Estimation
      $1,610,000
      23,872 SF

      707 Belair Rd

      OFFICE BUILDING • 23,872 SF
      707 Belair Rd, Evans, GA 30809-6116
      View Details
    • Value Estimation
      $870,000
      3,000 SF

      485 Columbia Industrial Blvd

      OFFICE BUILDING • 3,000 SF
      485 Columbia Industrial Blvd, Evans, GA 30809-3667
      View Details
    • Value Estimation
      $305,000
      1,476 SF

      4189 Crosstowne Ct

      OFFICE BUILDING • 1,476 SF
      4189 Crosstowne Ct, Evans, GA 30809-3664
      View Details
    • Value Estimation
      $290,000
      1,300 SF

      4185 Crosstowne Ct

      OFFICE BUILDING • 1,300 SF
      4185 Crosstowne Ct, Evans, GA 30809-6152
      View Details

    Similar Nearby for Sale

    • $379,000
      1.00 Acre

      Evans GA Commercial Land Investment

      Prime 1-acre development site, C-2 zoning.
      4521 Washington Rd, Evans, GA 30809
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    • $1,350,000
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      Prime Evans Office & Land

      Versatile commercial property, high visibility.
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    • $800,000
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      Prime 1.33-acre commercial lot
      4548 Washington Rd, Evans, GA 30809
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    • $2,427,500
      9.71 Acres

      Evans Industrial Land - 9.71 Acres

      Prime Evans location, ideal for large-scale industrial development.
      0 Industrial Park Dr, Evans, GA 30809
      View Details
    • $400,000
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      Evans, GA Commercial Land Opportunity

      4-Acre C-2 Zoned Lot, High Visibility
      4776 Washington Rd, Evans, GA 30809
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    • $290,000
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      Evans, GA Commercial Land Opportunity

      High-traffic location, ideal for development.
      245 Belair Rd, Evans, GA 30809
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      1,600 SF

      Evans, GA Prime Office Space

      1600 sq ft, Single Tenant, Excellent Location
      601 Belair Sq, Evans, GA 30809
      View Details
    • $20 SF/Yr
      4,440 SF

      Evans Retail or Office Space

      Retail or office space available for lease in Evans, GA.
      4446 Washington Rd, Evans, GA 30809
      View Details
    • $27 SF/Yr
      58,000 SF

      Evans Towne Center Retail Space

      Prime Evans, GA retail/office opportunity
      7025 Evans Town Center Blvd, Evans, GA 30809
      View Details
    • $17 SF/Yr
      1,072 SF

      Evans Office Space For Rent

      Office space available for lease in Evans, Georgia.
      629 Ronald Reagan Dr, Evans, GA 30809
      View Details
    • $24 SF/Yr
      4,000 SF

      Evans Office Space For Rent

      Office space available for rent in Evans, Georgia.
      425 N Belair Rd, Evans, GA 30809
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space Anchored by Publix

      Retail space available in Evans, GA, anchored by Publix.
      4272 Washington Rd, Evans, GA 30809
      View Details
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    Evans, GA 30809-9200
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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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