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

    2237 Mcelmurray Rd Hephzibah, GA 30815

    • Commercial land
    • 720 SF
    • 1.35 lot acres
    For Sale
    View listing
    $279,223
    Last Sale
    Jun 24, 2022
    $163,250
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1768333
    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

    • Commercial land

    Property Details for 2237 Mcelmurray Rd

    Year built
    2000
    Lot size
    1.35 lot acres
    Property size
    720 SF
    Zone code
    B-2
    Property type
    Commercial land
    APN
    211-0-016-05-0
    APU
    2110016050

    Description

    This exceptional 1.35-acre commercial property, located at 2237 McElmurray Road in Hephzibah, Georgia, presents a remarkable opportunity for a variety of businesses. Boasting a prime location on a major thoroughfare connecting Augusta and Waynesboro, this site benefits from high traffic counts, ensuring excellent visibility and accessibility for potential customers. The property is already zoned C3, simplifying the development process and opening doors to a wide range of commercial uses, including but not limited to convenience stores and restaurants. The expansive 58,800 square foot lot provides ample space for construction and development, while an existing 720 square foot utility building/warehouse offers immediate potential for storage or adaptation to business needs. This versatile property is ready for immediate development, offering a unique blend of location, zoning, and existing infrastructure, making it an ideal investment for entrepreneurs seeking a high-traffic location in a growing area. The property's size and zoning make it suitable for a variety of commercial ventures, capitalizing on the consistent flow of traffic between Augusta and Waynesboro. This is a rare opportunity to acquire a well-situated commercial property with significant development potential. Serious inquiries are encouraged to explore this promising investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hephzibah
    County
    Richmond
    State
    Georgia
    Longitude
    -82.0595
    Latitude
    33.3303
    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
    $1,201
    $23,520
    $5,416
    $28,936
    -
    $58,800
    $13,540
    $72,340

    Comparable in this City

    • Value Estimation by Request
      0.96 Acres

      3645 Deans Brg Rd

      VACANT COMMERCIAL LAND • 0.96 Acres
      3645 Deans Brg Rd, Hephzibah, GA 30815-4109
      View Details
    • Value Estimation by Request
      0.37 Acres

      2488 Ga Hwy 88

      VACANT COMMERCIAL LAND • 0.37 Acres
      2488 Ga Hwy 88, Hephzibah, GA 30815-4628
      View Details
    • Value Estimation by Request
      0.40 Acres

      902 Hephzibah Mcbean Rd

      VACANT COMMERCIAL LAND • 0.40 Acres
      902 Hephzibah Mcbean Rd, Hephzibah, GA 30815-4336
      View Details
    • Value Estimation by Request
      0.94 Acres

      1386 Hephzibah Mcbean Rd

      VACANT COMMERCIAL LAND • 0.94 Acres
      1386 Hephzibah Mcbean Rd, Hephzibah, GA 30815-4328
      View Details
    • Value Estimation by Request
      0.46 Acres

      3541 Morgan Rd

      VACANT COMMERCIAL LAND • 0.46 Acres
      3541 Morgan Rd, Hephzibah, GA 30815-6293
      View Details
    • Value Estimation by Request
      2.72 Acres

      3621 Morgan Rd

      VACANT COMMERCIAL LAND • 2.72 Acres
      3621 Morgan Rd, Hephzibah, GA 30815-6247
      View Details

    Similar Nearby for Sale

    • $495,000

      Land Near Fort Gordon Gate

      Commercial land with high traffic and frontage on Tobacco Road.
      2850 Tobacco Rd, Hephzibah, GA 30815
      View Details
    • $2,450,000

      60 Acres on Tobacco Road

      60-acre site suitable for mixed-use development with road frontage.
      2631 Tobacco Rd, Hephzibah, GA 30815
      View Details
    • $295,000

      Hephzibah Commercial Land Available

      5.32 acre commercial land with water on site.
      4925 Windsor Spring Rd, Hephzibah, GA 30815
      View Details
    • $100,000

      Corner Development Property Available

      Corner development property with water, sewer, visibility, and access.
      2802 Brentway Dr, Hephzibah, GA 30815
      View Details
    • $585,000

      Prime Corner Land Parcel

      14.81 acres at major intersection with significant frontage.
      2476 Ga Highway 88, Hephzibah, GA 30815
      View Details
    • $56,000

      Signaled Corner Commercial Land

      Commercial land ideal for coffee or QSR site.
      4153 Peach Orchard Rd, Hephzibah, GA 30815
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      8,970 SF

      Hephzibah Center: Prime Retail/Office Space

      Highway 88 Retail Center - Two Spaces Available
      2476 Ga-88, Hephzibah, GA 30815
      View Details
    • Contact for pricing
      14,800 SF

      Windsor Spring Shops Retail Space

      Hephzibah, GA storefront opportunity. High-growth area.
      3697 Windsor Spring Rd, Hephzibah, GA 30815
      View Details
    • $17 SF/Yr
      1,071 SF

      Hephzibah Retail Space Available

      Premier shopping center with space suitable for various businesses.
      2476 Highway 88, Hephzibah, GA 30815
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near High Traffic

      Retail space in high-growth area with significant traffic.
      3699 Windsor Spring Rd, Hephzibah, GA 30815
      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.
    2237 Mcelmurray Rd
    Hephzibah, GA 30815
    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.