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

    1901 Central Ave Augusta, GA 30904-4125

    • Specialty properties
    • 2,916 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Jan 01, 2025
    $240,000
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1078559
    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

    • Via Cognitive Health (Jud C. Hickey Center for Alzheimer's Care) / Adult Day Care Center / Education Center

    Property Details for 1901 Central Ave

    Year built
    1926
    Lot size
    0.20 lot acres
    Property size
    2,916 SF
    Zone code
    P-1
    Property type
    Specialty properties
    APN
    045-3-027-00-0
    APU
    453027000

    Description

    This exceptional 2,916-square-foot medical office building, situated in Augusta, Georgia, presents a compelling investment opportunity. Built in 1926, this Class B property boasts a convenient location at 1901 Central Avenue, a high-traffic area with a daily vehicle count of 7,320. Its strategic placement near Augusta University (9,108 students and 4,900 staff), a major high school (1,400 students and 88 teachers), and a significant hospital district (approximately 10,000 employees) ensures high visibility and potential for strong tenant demand. The single-story building features two large offices, a living/dining area, an activity room, and a full commercial kitchen, along with a private courtyard. Ample parking is available across Baker Street and on adjacent McDowell Street, and the property includes a driveway and two ramps for convenient patient drop-off. Currently zoned P-1, this versatile property offers significant potential for a variety of uses, including a daycare center or a small medical practice. The building's layout could also be easily adapted for conversion into a single-family residence. The asking price is $250,000, translating to $85.73 per square foot. The property's APN is 045-3-027-00-0. This is a rare opportunity to acquire a well-located, adaptable property in a thriving Augusta neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $250,000
      ML approach
      $250,000

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $220,000
      Current use
      OFFICE BUILDING
      $330,000
      Change: +49% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $300,000
      Change: +37% Conversion: Difficult
      RETAIL STORES
      $290,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -82.0053
    Latitude
    33.4691
    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
    $615
    $6,970
    $44,564
    $51,534
    -
    $17,424
    $111,410
    $128,834

    Comparable in this City

    • Value Estimation
      $235,000
      0.17 Acres

      1336 Druid Park Ave

      CHARITABLE ORGANIZATION • 0.17 Acres
      1336 Druid Park Ave, Augusta, GA 30904
      View Details
    • Value Estimation
      $250,000
      3,532 SF

      119 Eve St

      CHARITABLE ORGANIZATION • 3,532 SF
      119 Eve St, Augusta, GA 30904-3003
      View Details
    • Value Estimation
      $230,000
      2,520 SF

      714 Monte Sano Ave

      CHARITABLE ORGANIZATION • 2,520 SF
      714 Monte Sano Ave, Augusta, GA 30904-6193
      View Details
    • Value Estimation
      $285,000
      792 SF

      126 Grace St

      CHARITABLE ORGANIZATION • 792 SF
      126 Grace St, Augusta, GA 30904-3006
      View Details
    • Value Estimation
      $280,000
      2,488 SF

      2347 Redwood Dr

      CHARITABLE ORGANIZATION • 2,488 SF
      2347 Redwood Dr, Augusta, GA 30904-3183
      View Details
    • Value Estimation
      $275,000
      18,459 SF

      1533 Wrightsboro Rd

      CHARITABLE ORGANIZATION • 18,459 SF
      1533 Wrightsboro Rd, Augusta, GA 30904-4024
      View Details

    Similar Nearby for Sale

    • $549,900
      10,758 SF

      Augusta Mid-Town Commercial Property

      Prime Augusta location, versatile zoning, 10,758 sq ft.
      1815 Central Ave, Augusta, GA 30904
      View Details
    • $4,249,000
      92,892 SF

      Augusta Industrial Investment

      93K SF Manufacturing Facility, NNN Lease
      1634 Olive Rd, 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
    • $225,000
      2,018 SF

      Office Space with Fire Suppression

      Office property featuring fire suppression and security cameras.
      1345 Druid Park Ave, Augusta, GA 30904
      View Details
    • $295,000
      1,664 SF

      Augusta Retail/Medical Opportunity

      Retail or medical property for sale in Augusta, Georgia.
      1571 Walton Way, Augusta, GA 30904
      View Details
    • $1,500,000
      35,410 SF

      Downtown Augusta Industrial Property

      35,410 SF Warehouse/Office, Prime Location
      1499 Jordan Rd, Augusta, GA 30904
      View Details

    Similar Nearby for Lease

    • $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
    • $415,000
      3,996 SF

      Office/Medical Property on Druid Park

      Office or medical property with ample parking and adjacent lot.
      1349 Druid Park Ave, 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.
    1901 Central Ave
    Augusta, GA 30904-4125
    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.