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Property profile & analytics
FOR SALE
Commercial land

1219 W Wheeler Pkwy Augusta, GA 30909

5,864 SF 0.87 ac lot Built 2009
Individually Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US22-4704387
Property summary
AI-generated overview

This exceptional Augusta, Georgia medical office portfolio offers 12,649 square feet across three buildings, situated on a 2.22-acre lot. The property boasts a pristine exterior and high-quality interior finishes. Currently 100% occupied by three tenants, including AU Health, Kindred at Home, and Laboratory Corporation of America Holdings, this portfolio provides a stable income stream with a 5.24% cap rate and a Net Operating Income (NOI) of $167,593. The portfolio includes four units in total, with three existing buildings and one vacant 2.22-acre build-to-suit lot, allowing for future expansion. The buildings are two stories, featuring a total of 26 parking spaces. The property is zoned B-2 and strategically located on West Wheeler Parkway, near Doctors Hospital and Augusta University Health's West Wheeler Complex, offering easy access to major interstates I-20 and I-520. This presents a rare opportunity to acquire a high-quality, low-maintenance medical office portfolio in a prime Augusta location. The property's strong tenant base, including national corporations, ensures long-term stability and potential for growth. The asking price is $3,200,000, with a price per square foot of $252.98. The lease type is modified, and tenant credit is secured by a corporate guarantee. The property's location provides convenient access to the broader Augusta market and surrounding areas. The APN numbers are 030-0-238-00-0, 030-1-013-00-0, 030-1-014-00-0, and 030-1-015-00-0.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 2009
Total area 5,864 SF
Lot 0.87 ac (37,897 SF)
Zoning code B-2
APN 030-0-238-00-0
UPID US22-4704387
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Alicia T. Murdock, NP Physician
  • Mrs. Tanya Mims Physician
  • Walters Patrick T Employment Agency
  • George Pursley Physician
  • Clear Choice STD Testing Std Testing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.10M
Comparable Approach Comparable
$865k
Blend (final) Blend
$965k
Owner & transaction history
Norman B Pursley · 19 yrs held
Norman B Pursley
since 2007
7 recorded transactions
2018
Price N/A
2018
Price N/A
2010
Price N/A
2007
$395,000
2007
Price N/A
2007
$540,000
1969
Price N/A
Zoning & alternative use
B-2 · Augusta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.2M +33.7%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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