Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2163 Central Ave Augusta, GA 30904
    Back to Search
    Property profile & analytics

    2163 Central Ave, Augusta, GA 30904

    View on Map
    • Freestanding property
    • 9,301 SF
    • 1.11 lot acres
    Off-Market
    Property ID
    US22-1844539
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Engine Co.No.7 / Government Office

    Property Details for 2163 Central Ave

    Lot size
    1.11 lot acres
    Property type
    Freestanding property
    APN
    044-2-222-00-0

    Description

    This iconic 9,301 square foot building, originally constructed in 1917 as Augusta's first motorized fire station (Old Engine Company No. 7), presents a unique investment opportunity. Situated on a 1.11-acre lot in the heart of Augusta's historic Summerville District, this charming property boasts a white stucco exterior and a red clay tile pent roof, retaining its historic character. The building comprises two sections: a 6,748 square foot firehouse and an additional 2,553 square foot structure, offering versatile space for a variety of commercial uses. The property is zoned B-1 and features a prime location on Central Avenue, a high-traffic area with 10,400 vehicles passing daily. Its rich history and adaptable layout make it ideal for a distinctive retail concept, a captivating commercial space, or a mixed-use development. The property's APN is 044-2-222-00-0. This is a chance to own a piece of Augusta's heritage and capitalize on its significant potential. The total square footage available is 9,302.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -82.014230437469
    Latitude
    33.470395059128

    Comparable in this City

    • Contact for pricing
      1,664 SF

      Augusta Retail/Medical Opportunity

      Retail or medical property for sale in Augusta, Georgia.
      1571 Walton Way, Augusta, GA 30904
      View Details
    • Contact for pricing
      4,487 SF

      Walton Way Retail/Medical Space

      4,487 SF space suitable for retail or medical use.
      1602 Walton Way, Augusta, GA 30904
      View Details
    • $1,500,000
      5,390 SF

      Augusta Retail Opportunity For Sale

      Retail property in Augusta, GA, with community business potential.
      1675 Olive Rd, Augusta, GA 30904
      View Details
    • Contact for pricing

      Augusta Car Wash Opportunity

      Car wash and garage on a commercial corner lot.
      1800-1800 Kissingbower Rd, Augusta, GA 30904
      View Details
    • Contact for pricing
      11,173 SF

      1939 Walton Way, Augusta, GA 30904

      Mixed-use properties
      1939 Walton Way, Augusta, GA 30904
      View Details
    • $75,000
      2,864 SF

      Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and residential units.
      1672 Morgan St, Augusta, GA 30904
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,487 SF

      Walton Way Retail/Medical Space

      4,487 SF space suitable for retail or medical use.
      1602 Walton Way, Augusta, GA 30904
      View Details
    • Contact for pricing
      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
      5,390 SF

      Augusta Retail Opportunity For Sale

      Retail property in Augusta, GA, with community business potential.
      1675 Olive Rd, Augusta, GA 30904
      View Details
    • Contact for pricing
      2,016 SF

      Commercial Property on Milledgeville Road

      C-3 zoned commercial property suitable for various businesses.
      2613 Milledgeville Rd, Augusta, GA 30904
      View Details
    • Contact for pricing
      3,530 SF

      Mixed-Use Property With Warehouse

      Mixed-use property featuring warehouse, salon, and parking lot.
      2325 Milledgeville Rd, Augusta, GA 30904
      View Details
    • $175,000
      1,780 SF

      Augusta Commercial Corner Lot Carwash

      Commercial corner lot carwash near Fort Gordon and medical facilities.
      1800 NW Kissingbower Rd, Augusta, GA 30904
      View Details

    Similar Nearby for Lease

    • 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
      2,500 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
    • Contact for pricing

      King Mill Retail Opportunity

      Retail spaces available within historic apartment redevelopment.
      1693 Broad St, Augusta, GA 30904
      View Details
    • Contact for pricing

      Retail/Office Building on Washington Road

      Retail/office building with ample parking and high traffic volume.
      2328 Washington Rd, Augusta, GA 30904
      View Details
    • Contact for pricing

      Prime Retail Space in Augusta

      Retail/office space in high-traffic medical district, Augusta.
      1712 Walton Way, Augusta, GA 30904
      View Details
    • 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
    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.
    2163 Central Ave
    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

    Thank You for Inquiry
    2163 Central Ave, Augusta, GA, 30904
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!