Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2042 Central Ave Augusta, GA 30904-4128
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2042 Central Ave Augusta, GA 30904-4128

    View on Map
    • Commercial land
    • 4,104 SF
    • 0.69 lot acres
    Off-Market
    Property ID
    US22-1497175
    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.
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cook & Dunagan / Medical Clinic
    • Dr. Donnie P. Dunagan, MD / Physician / Medical Clinic
    • Cook Terrence J MD / Physician / Medical Clinic
    • Joni Smith / Physician

    Property Details for 2042 Central Ave

    Year built
    1975
    Lot size
    0.69 lot acres
    Property size
    4,104 SF
    Zone code
    B-1
    Property type
    Commercial land
    APN
    044-4-102-00-0
    APU
    444102000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $506,000
      Market price range: $208k - $653k
      AI Estimate
      $583,000
      Market price range: $180k - $675k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $370,000
      Current use
      OFFICE BUILDING
      $825,000
      Change: +123% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -82.009
    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
    $4,260
    $24,045
    $99,836
    $123,881
    -
    $60,112
    $249,590
    $309,702

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      1812 Walton Way

      VACANT COMMERCIAL LAND • 0.17 Acres
      1812 Walton Way, Augusta, GA 30904
      View Details
    • Value Estimation by Request
      2.00 Acres

      2604 Washington Rd

      VACANT COMMERCIAL LAND • 2.00 Acres
      2604 Washington Rd, Augusta, GA 30904-5902
      View Details
    • Value Estimation by Request
      3.30 Acres

      2604 Washington Rd

      VACANT COMMERCIAL LAND • 3.30 Acres
      2604 Washington Rd, Augusta, GA 30904-5902
      View Details
    • Value Estimation by Request
      0.23 Acres

      2543 Washington Rd

      VACANT COMMERCIAL LAND • 0.23 Acres
      2543 Washington Rd, Augusta, GA 30904
      View Details
    • Value Estimation by Request
      0.13 Acres

      1133 Emmett St

      VACANT COMMERCIAL LAND • 0.13 Acres
      1133 Emmett St, Augusta, GA 30904-5825
      View Details
    • Value Estimation by Request
      0.26 Acres

      1541 Fenwick St

      VACANT COMMERCIAL LAND • 0.26 Acres
      1541 Fenwick St, Augusta, GA 30904-3727
      View Details

    Similar Nearby for Sale

    • $99,900
      0.20 Acres

      Cleared Land in Augusta, GA

      Cleared lot available for sale in Augusta, Georgia.
      2246 Wheeless Rd, Augusta, GA 30904
      View Details
    • Contact for pricing
      0.04 Acres

      Augusta Land For Sale

      Flat lot in Harrisburg with easy access to downtown.
      1850 Hicks St, Augusta, GA 30904
      View Details
    • Contact for pricing

      Corner Lot in Retail Corridor

      0.93 acre corner lot in a high-traffic location.
      1916 Walton Way, Augusta, GA 30904
      View Details
    • $150,000
      1.15 Acres

      Augusta Commercial Land For Sale

      Corner lot with high visibility and convenient access.
      1800 Kissingbower Rd, Augusta, GA 30904
      View Details
    • Contact for pricing
      0.04 Acres

      Harrisburg Land For Sale

      Flat lot with easy access to downtown and medical district.
      1852 Hicks St, Augusta, GA 30904
      View Details
    • Contact for pricing

      Augusta Commercial Land For Sale

      1.18 acre commercial parcel with high traffic frontage.
      2306 Milledgeville Rd, Augusta, GA 30904
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Lot Future Development Opportunity

      0.47 acre corner lot suitable for retail or office.
      1953 Walton Way, Augusta, GA 30904
      View Details
    • Contact for pricing

      Paved Land Tract For Rent

      14.61-acre fenced tract with concrete and asphalt paving.
      1775 Essie Mcintyre Blvd, Augusta, GA 30904
      View Details
    • Contact for pricing

      Flex Building Near Downtown Augusta

      Flex building with retail, office, and warehouse space available.
      2061 Broad St, Augusta, GA 30904
      View Details
    • Contact for pricing
      3,896 SF

      Wrightsboro Road Office Space Available

      Office space for lease near major medical centers.
      1903 Wrightsboro Rd, Augusta, GA 30904
      View Details
    • Contact for pricing

      Flexible Office Space Available

      Office space with flexible options and ample parking.
      1886 Gordon Hwy, Augusta, GA 30904
      View Details
    • Contact for pricing

      Augusta Distribution Warehouse For Rent

      69,237 SF distribution warehouse in downtown Augusta available for rent.
      1610 Wrightsboro Rd, 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.
    2042 Central Ave
    Augusta, GA 30904-4128
    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.
    Sign Up Successful!
    You now have access to more from Realmo!