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

    1840 Gordon Hwy Augusta, GA 30904

    • Commercial land
    • 173,851 SF
    • 7.05 lot acres
    For Sale
    View listing
    $7,700,000
    Last Sale
    Aug 09, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1459634
    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

    • Corporate HQ | America's Remanufacturing Company / Manufacturer / Corporate Office
    • MICHAEL'S WORK / Warehouse

    Property Details for 1840 Gordon Hwy

    Year built
    1957
    Lot size
    7.05 lot acres
    Property size
    173,851 SF
    Zone code
    LI
    Property type
    Commercial land
    APN
    070-2-039-00-0
    APU
    702039000

    Description

    This Augusta, Georgia industrial property, located at 1840 Gordon Hwy, offers 176,802 square feet of space in a single-tenant configuration. Situated on a 7.05-acre lot, the property features multiple warehouse sections with varying ceiling heights and column spacing to accommodate diverse operational needs. The front left warehouse boasts 16-foot ceilings (14 feet to beam, 12'9" to pipes) with 37' x 43' column spacing. The front right warehouse offers 12'6" ceilings (10'6" to truss, 9'9" to duct) and 27' x 42' column spacing. The back right warehouse features 13-foot ceilings (10'5" to beam, 10' to truss) with single column spacing of 52 feet. Finally, the back left warehouse provides impressive 24-foot ceilings (20 feet to beam and truss) and a 70-foot single column spacing. Three-phase power is available. This property is ideally suited for manufacturing, warehouse, or distribution operations and presents a significant opportunity for businesses seeking ample space and flexible layout options in the Augusta submarket cluster. The property is entirely vacant and ready for immediate occupancy. The zip code is 30904.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,640,000
      Market price range: $7.64M - $28.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -82.0351
    Latitude
    33.4496
    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
    $18,234
    $148,760
    $790,988
    $939,748
    -
    $371,900
    $1,977,470
    $2,349,370

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      1119 Hickman Rd

      VACANT COMMERCIAL LAND • 0.37 Acres
      1119 Hickman Rd, Augusta, GA 30904
      View Details
    • Value Estimation by Request
      0.81 Acres

      1866 Kissingbower Rd

      VACANT COMMERCIAL LAND • 0.81 Acres
      1866 Kissingbower Rd, Augusta, GA 30904-6503
      View Details
    • Value Estimation by Request
      0.44 Acres

      2243 Martin Luther King Jr Blvd

      VACANT COMMERCIAL LAND • 0.44 Acres
      2243 Martin Luther King Jr Blvd, Augusta, GA 30904-4925
      View Details
    • Value Estimation by Request
      0.44 Acres

      2250 Martin Luther King Jr Blvd

      VACANT COMMERCIAL LAND • 0.44 Acres
      2250 Martin Luther King Jr Blvd, Augusta, GA 30904-4926
      View Details
    • Value Estimation by Request
      0.13 Acres

      1820 Wrightsboro Rd

      VACANT COMMERCIAL LAND • 0.13 Acres
      1820 Wrightsboro Rd, Augusta, GA 30904-4086
      View Details
    • Value Estimation by Request
      0.17 Acres

      1700 Slaton St

      VACANT COMMERCIAL LAND • 0.17 Acres
      1700 Slaton St, Augusta, GA 30904-4065
      View Details

    Similar Nearby for Sale

    • $90,000

      2.44 Acre Office/Retail Lot

      2.44 acre lot suitable for office/retail development.
      2809 Regency Blvd, Augusta, GA 30904
      View Details
    • $1,000,000

      Development Ready Land For Sale

      Level commercial land ready for development with high traffic volume.
      1632 Walton Way, Augusta, GA 30904
      View Details
    • Contact for pricing
      0.24 Acres

      Downtown Augusta Commercial Land

      Prime Augusta location, flexible zoning.
      1728 Broad St, Augusta, GA 30904
      View Details
    • Contact for pricing

      Land Available on Walton Way

      Land for sale at 2058 Walton Way, Augusta, GA.
      2058 Walton Way, Augusta, GA 30904
      View Details
    • Contact for pricing

      Land Available in Augusta, GA

      Land available for sale at 1916 Walton Way.
      1916 Walton Way, Augusta, GA 30904
      View Details
    • Contact for pricing
      0.93 Acres

      Walton Way Commercial Land

      Prime Augusta location, B-1 zoning, site ready.
      1916 Walton Way, Augusta, GA 30904
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Paved Land Tract For Rent

      14.61-acre fenced tract with concrete and asphalt paving.
      1775 Essie Mcintyre Blvd, Augusta, GA 30904
      View Details
    • $5 SF/Yr
      32,741 SF

      Milledgeville Road Industrial Flex Space

      South Augusta Flex Warehouse, 5,040+ SF Available
      2403 Milledgeville Rd, Augusta, GA 30904
      View Details
    • $5 SF/Yr
      5,357 SF

      Walton Way Retail Center

      Augusta, GA Strip Center - 1,906 SF Available
      1712 Walton Way, Augusta, GA 30904
      View Details
    • $10 SF/Yr
      11,760 SF

      Industrial Warehouse Space Available

      11,760 SF warehouse with dock and drive-in doors.
      1827 Killingsworth Rd, Augusta, GA 30904
      View Details
    • Contact for pricing
      1,080 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces available with ample parking.
      1944 Walton Way, Augusta, GA 30904
      View Details
    • Contact for pricing
      2,000 SF

      Commercial Space with Ample Parking

      Commercial space for rent with ample parking and low utility costs.
      1701 Goodrich St, Augusta, GA 30904
      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.
    1840 Gordon Hwy
    Augusta, GA 30904
    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.