Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1501 Leg Rd Augusta, GA 30909

    • Commercial land
    • 3,526 SF
    • 1.15 lot acres
    For Sale
    View listing
    $1,500,000
    Last Sale
    Sep 01, 2021
    $1,020,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1600875
    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

    • WifeSaver / American Restaurant / Chicken Restaurant

    Property Details for 1501 Leg Rd

    Year built
    1977
    Lot size
    1.15 lot acres
    Property size
    3,526 SF
    Zone code
    B-2
    Property type
    Commercial land
    APN
    042-3-001-01-0
    APU
    423001010

    Description

    This exceptional 1.15-acre commercial land parcel presents a remarkable redevelopment opportunity in Augusta, Georgia. Strategically located at the signalized intersection of North Leg Road and Wrightsboro Road, this property boasts unparalleled visibility and accessibility. With a combined daily traffic count of 35,800 vehicles, this site benefits from its position within a high-demand retail corridor, directly adjacent to a Walmart Supercenter and within one mile of I-520 and the Augusta Mall. The property features approximately 1275 feet of road frontage, offering excellent exposure to a substantial customer base. The B2 zoning allows for a variety of commercial uses, making it ideal for quick-service restaurants, coffee shops, banks, or convenience stores. The site's proximity to major transportation arteries, established infrastructure, and a strong mix of national and regional tenants, including Walgreens, AutoZone, Taco Bell, and Dollar Tree, ensures a robust and thriving commercial environment. The asking price is $1,500,000. Lease options are available. The property's location is further enhanced by its proximity to Augusta University and Forest Hills Golf Course, adding to its overall appeal and potential for success. This is a truly exceptional opportunity to acquire a prime commercial development site in a high-growth area. The APN is 042-3-001-01-0. The 3-mile population is 60,000 with a median household income of $61,200. Full motion and right-in/right-out access is available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -82.0677
    Latitude
    33.4689
    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
    $4,361
    $110,660
    $25,664
    $136,324
    -
    $276,650
    $64,160
    $340,810

    Comparable in this City

    • Value Estimation by Request
      1.78 Acres

      1137 Garredd Blvd

      VACANT COMMERCIAL LAND • 1.78 Acres
      1137 Garredd Blvd, Augusta, GA 30909-6674
      View Details
    • Value Estimation by Request
      0.30 Acres

      2063 Gordon Hwy

      VACANT COMMERCIAL LAND • 0.30 Acres
      2063 Gordon Hwy, Augusta, GA 30909-4459
      View Details
    • Value Estimation by Request
      1.74 Acres

      3950 Harper Franklin Ave

      VACANT COMMERCIAL LAND • 1.74 Acres
      3950 Harper Franklin Ave, Augusta, GA 30909-9195
      View Details
    • Value Estimation by Request
      1.26 Acres

      1337 Interstate Pkwy

      VACANT COMMERCIAL LAND • 1.26 Acres
      1337 Interstate Pkwy, Augusta, GA 30909-5626
      View Details
    • Value Estimation by Request
      2.63 Acres

      1159 Interstate Pkwy

      VACANT COMMERCIAL LAND • 2.63 Acres
      1159 Interstate Pkwy, Augusta, GA 30909-6418
      View Details
    • Value Estimation by Request
      0.69 Acres

      3630 Milledgeville Rd

      VACANT COMMERCIAL LAND • 0.69 Acres
      3630 Milledgeville Rd, Augusta, GA 30909-9725
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Graded Site Ready for Build

      Commercial land with utilities in place, ready for development.
      1221 W Wheeler Pkwy, Augusta, GA 30909
      View Details
    • Contact for pricing

      160 Acres Near Fort Gordon

      160 acres with frontage on Gordon Highway near Fort Gordon.
      4044 Lewis Rd, Augusta, GA 30909
      View Details
    • $900,000

      Developable Tract with Shared Detention

      Two large developable land tracts available with shared detention.
      1313 Interstate Pkwy, Augusta, GA 30909
      View Details
    • Contact for pricing

      Graded Land with Retention

      Two lots totaling 4.58 acres, graded with retention in place.
      4120 Madeline Dr, Augusta, GA 30909
      View Details
    • $320,000

      Medical Office Development Lot

      0.85-acre lot in established medical park near I-20.
      1711 Magnolia Way, Augusta, GA 30909
      View Details
    • Contact for pricing

      Richmond County Land Opportunity

      3.5 acres available in fast-developing Richmond County.
      3943 Harper Franklin Ave, Augusta, GA 30909
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land Available

      1.14 AC commercial land for lease or build-to-suit.
      3601 Walton Way Ext, Augusta, GA 30909
      View Details
    • $1,500,000

      Prime Redevelopment Opportunity in Augusta

      1.15-acre site with high visibility and excellent connectivity.
      1501 N Leg Rd, Augusta, GA 30909
      View Details
    • Contact for pricing

      Prime Land in Retail Corridor

      Land in a high-traffic retail area with excellent demographics.
      1302 Augusta West Pkwy, Augusta, GA 30909
      View Details
    • Contact for pricing

      2.46 Acre Parcel Near Hospital

      2.46 acre parcel suitable for medical, office, or retail.
      3661 Wheeler Rd, Augusta, GA 30909
      View Details
    • $25 SF/Yr
      900 SF

      Augusta Flex Space: Office & Yard

      900 SF Office, 2-Acre Laydown Yard
      3421 Milledgeville Rd, Augusta, GA 30909
      View Details
    • Contact for pricing
      112,385 SF

      West Augusta Retail Land Opportunity

      2.58 Acres, Build-to-Suit Available
      1102 Trust Ave, Augusta, GA 30909
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1501 Leg Rd
    Augusta, GA 30909
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.