Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    218 Oak N St Martinez, GA 30907-5005
    Property profile & analytics

    218 Oak N St Martinez, GA 30907-5005

    View on Map
    • Office buildings
    • 10,939 SF
    • 1.03 lot acres
    Off-Market
    Property ID
    US22-1290017
    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
    $1,245,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 218 Oak N St

    Year built
    1986
    Lot size
    1.03 lot acres
    Property size
    10,939 SF
    Zone code
    C-2;GEN COMM DISTR
    Property type
    Office buildings
    APN
    078D128
    APU
    078D128

    Description

    This single-tenant office building, situated in the desirable Martinez submarket of Augusta, Columbia County, Georgia, presents a compelling investment opportunity. The property, known as West Town Office Park, boasts a total of 10,939 square feet, with 800 square feet currently vacant. Built in 1986, this Class B building sits on a 1.06-acre lot and features a single story design. Ample parking is available with 68 spaces. The property's convenient location offers easy access to Washington Road and Bobby Jones Expressway, ensuring high visibility and accessibility for businesses. The zoning is classified as "P," and the APN is 078D128. The building is well-maintained and currently houses a variety of established businesses, creating a strong tenant base. The property is suitable for traditional office or medical office use. This presents a unique chance to acquire a well-located office space in a thriving area, offering significant potential for growth and return on investment. The property's strategic location and existing infrastructure make it an ideal choice for a variety of businesses seeking a prominent presence in the Augusta metropolitan area. The 800 square feet of vacant space provides an immediate opportunity for lease income or expansion for an existing tenant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,228,000
      Market price range: $1.09M - $4.35M
      AI Estimate
      $779,000
      Market price range: $779k - $2.09M

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinez
    County
    Columbia
    State
    Georgia
    Longitude
    -82.0926
    Latitude
    33.5103
    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
    $8,626
    $72,249
    $273,193
    $345,442
    -
    $180,623
    $682,982
    $863,605

    Comparable in this City

    • Value Estimation by Request
      768 SF

      3819 Oak Dr

      OFFICE BUILDING • 768 SF
      3819 Oak Dr, Martinez, GA 30907-3410
      View Details
    • Value Estimation by Request
      1,600 SF

      4145 Columbia Rd

      OFFICE BUILDING • 1,600 SF
      4145 Columbia Rd, Augusta, GA 30907-5400
      View Details
    • Value Estimation by Request
      1,800 SF

      115 Davis Rd

      OFFICE BUILDING • 1,800 SF
      115 Davis Rd, Martinez, GA 30907-2383
      View Details
    • Value Estimation by Request
      960 SF

      3856 Rose Ln

      OFFICE BUILDING • 960 SF
      3856 Rose Ln, Martinez, GA 30907-2372
      View Details
    • Value Estimation by Request
      1,056 SF

      428 Vaughn Rd

      OFFICE BUILDING • 1,056 SF
      428 Vaughn Rd, Martinez, GA 30907-8916
      View Details
    • Value Estimation
      $1,350,000
      12,000 SF

      3685 Riv Watch Pkwy

      OFFICE BUILDING • 12,000 SF
      3685 Riv Watch Pkwy, Martinez, GA 30907-0833
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,066 SF

      Two-Story Office Building For Sale

      15,000 SF office building 100% occupied by national tenant.
      1046 Stevens Creek Rd, Augusta, GA 30907
      View Details
    • $850,000
      4,900 SF

      Columbia County Commercial Renovation Opportunity

      Prime commercial property ready for renovation in desirable location.
      425 Furys Ferry Rd, Martinez, GA 30907
      View Details
    • $2,750,000
      15,066 SF

      NNN Property with National Tenant

      100% occupied NNN property with a national tenant.
      1046 Stevens Creek Rd, Augusta, GA 30907
      View Details
    • Contact for pricing
      1,500 SF

      Office Building on Bobby Jones

      1,500 SF office building with high traffic exposure.
      236 Bobby Jones Expy, Augusta, GA 30907
      View Details
    • New
      $2,500,000
      2,706 SF

      Martinez Commercial Mixed-Use Building

      High-visibility commercial building with flexible office space in central location.
      130 Davis Rd, Martinez, GA 30907
      View Details
    • Contact for pricing

      Commercial Lot Near Shopping Center

      0.88 acre lot suitable for retail or office.
      4085 Riverwatch Pkwy, Martinez, GA 30907
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,019 SF

      3,019 SF Office Building

      Office building with dedicated parking and high traffic visibility.
      3730 Washington Rd, Augusta, GA 30907
      View Details
    • Contact for pricing

      Martinez Office Building For Rent

      Office building with high visibility and ample parking.
      3730 Washington Rd, Martinez, GA 30907
      View Details
    • Contact for pricing

      Office Space in Augusta, GA

      Office spaces for lease with flexible terms and receptionist services.
      2918 Professional Pkwy, Augusta, GA 30907
      View Details
    • Contact for pricing

      West Augusta Office Space Available

      Office suites for lease with flexible terms and amenities.
      2918 Professional Pkwy, Augusta, GA 30907
      View Details
    • Contact for pricing

      Professional Parkway Office Space

      Two-story, 3,500 SF office space in Professional Parkway.
      2910 Professional Pkwy, Augusta, GA 30907
      View Details
    • Contact for pricing
      1,200 SF

      Columbia County Office Space Available

      Office space featuring private offices, conference room, and kitchenette.
      3728 Executive Center Dr, Augusta, GA 30907
      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.
    218 Oak N St
    Martinez, GA 30907-5005
    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
    218 Oak N St, Martinez, GA, 30907
    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!